Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 55

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 55
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 with Volvo and Geely regarding the development of technology for upgrades of existing models; as well as for upcoming models. The technology can be either Polestar unique or commonly shared. In both cases, Polestar is in control of the developed product through a license or through ownership of the IP. The recognized asset associated with these agreements as of June 30, 2024 was $ 1,052,126, of which acquisitions attributa

<div align='center'>F-24

Notes to the Unaudited Condensed Consolidated Financial Statements

(in thousands of U.S. dollars unless otherwise stated)</div>

ble to 2024 were approximately $ 60,033. As of December 31, 2023, the recognized asset associated with these agreements was $ 1,066,766, of which acquisitions attributable to 2023 were $ 241,048.

Amounts due to related parties

Amounts due to related parties were as follows:

|                                 | Trade payables - related parties, accrued expenses, and other current liabilities - related parties |           | As of June 30, 2024 |     |   | As of December, 31, 2023 |
|:--------------------------------|:----------------------------------------------------------------------------------------------------|:----------|--------------------:|:----|:--|-------------------------:|
|                                 |                                                                                                     | -Restated |                     |     |   |                          |
| Volvo Cars                      |                                                                                                     |           |             417,647 |     |   |                  494,170 |
| Geely                           |                                                                                                     |           |             196,976 |     |   |                  195,255 |
| Ziklo Bank AB                   |                                                                                                     |           |               1,347 |     |   |                    2,124 |
| Volvo Car Financial Services UK |                                                                                                     |           |               5,332 |     |   |                      751 |
| Polestar Times Technology       |                                                                                                     |           |               4,028 |     |   |                   30,668 |
| Total                           |                                                                                                     | $         |             625,330 |     | $ |                  722,968 |

|                                 | Interest bearing current liabilities - related parties |           | As of June 30, 2024 |     |   | As of December, 31, 2023 |
|:--------------------------------|:-------------------------------------------------------|:----------|--------------------:|:----|:--|-------------------------:|
|                                 |