Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 20

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 20
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 a cash inflow of $60.3 million for the six months ended June 30, 2023.This change is primarily due to a $45.2 million decrease in Trade receivables from related parties, reflecting higher collections from Volvo Cars in the six months ended June 30, 2024 compared to the six months ended June 30, 2023.

Cash used for trade payables, accrued expenses, and other liabilities for the six months ended June 30, 2024 was a cash outflow of $3.2 million, a decrease of $135.5 million compared to a cash outflow of $138.7 million for the six months ended June 30, 2023. This change is primarily due to $231.2 million in lower settlements of trade payables to Volvo Cars for the six months ended June 30, 2024 compared to the six months ended June 30, 2023.

Cash provided by contract liabilities for the six months ended June 30, 2024 was a cash inflow of $24.2 million, a decrease of $2.8 million compared to a cash inflow of $27.0 million for the six months ended June 30, 2023. This is primarily due to lower volumes of Polestar 2 sales.

Cash used to pay interest for the six months ended June 30, 2024 was $146.2 million, an increase of $97.5 million compared to $48.7 million for the six months ended June 30, 2023. The change is primarily due to $89.1 million in higher interest paid to credit institutions related to working capital loans for the six months ended June 30, 2024 compared to the six months ended June 30, 2023.

#### Cash used for investing activities
Cash used for investing activities for the six months ended June 30, 2024 was $272.7 million, an increase of $6.5 million compared to $279.2 million for the six months ended June 30, 2023. The change is primarily related to a $41.0 million increase in Additions to property, plant, and equipment, an increase of $34.3 million due to the capital injection into Polestar Times Technology, and an increase of $21.5 million in restricted deposits related to the syndicated multicurrency green trade facility covenant requiring Polestar to keep cash restricted, equivalent to the interest expense of the current interest