Company: PLSAY
Filing Date: 2025-06-16
Form Type: 6-K
Source: 0001104659-25-059684
Chunk: 0

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-06-16
Form: 6-K
Chunk 0
---
<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2025

Commission File Number: 001-41431

Polestar Automotive Holding UK PLC

Assar Gabrielssons Väg 9

405 31 Göteborg, Sweden

(Address of principal executive office)</div>

Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.

<div align='center'>Form 20-Fx Form 40-F ¨</div>

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

<div align='center'>INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K</div>

$200 million equity investment by PSD Investment Limited – Securities Purchase Agreement

On June 16, 2025, Polestar Automotive Holding UK PLC (“Polestar”), entered into a securities purchase agreement (the “Purchase Agreement”) with PSD Investment Limited (“PSD Investment”), pursuant to which Polestar agreed to sell 190,476,190Class A
American Depositary Shares (the “Class A ADS shares”) to PSD Investment for an aggregate purchase price of USD 200,000,000
through a private investment in public equity (“PIPE”). The price per Class A ADS to be purchased at the closing will
be USD 1.05, equal to the volume weighted average closing sale price of one Class A ADS as reported by NASDAQ for the 5 trading days
immediately preceding the date of the Purchase Agreement. PSD Investment is an investment vehicle controlled by Mr. Li Shufu.

Conversion of Class B American Depositary Shares into Class A ADS Shares to Keep Voting Power Below 50%

PSD Investment currently holds
49,892,575 Class B American Depositary Shares (“Class B ADS shares”) and has notified Polestar that it intends to
convert 20,000,000 of such Class B ADS shares into Class