Company: PLSAY
Filing Date: 2025-09-03
Form Type: 6-K
Source: 0001884082-25-000020
Chunk: 23

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-09-03
Form: 6-K
Chunk 23
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375,682 |     |     |                  528,711 |
| Polestar Times Technology |                                                                                                      |     |                 333 |     |     |                   10,016 |
| Other related parties     |                                                                                                      |     |              12,205 |     |     |                    8,473 |
| Total                     |                                                                                                      |     |             950,274 |     |     |                1,109,876 |

1 - Under the PS4 technology license agreements and manufacturing and vehicle supply agreements signed between Polestar and Geely entities, Polestar agreed to pay Geely compensation if it did not meet minimum sales volumes established in the agreements. In 2024 there was a volume deficit and, as of December 31, 2024, Polestar recognized an accrued expense of $ 7,647and $ 37,397for the technology license agreements and manufacturing and vehicle supply agreements respectively. In June, 2025, Polestar and Geely signed Notices on Volume Deficit Compensation for 2024 in which it was acknowledged by both parties that a portion of the compensation was not payable by Polestar as it was related to volume deficit which was due to supplier issues and other delays for which Polestar was not responsible. As a result, as of June 30, 2025, Polestar recognized a reversal of Other cost of sales of $ 29,779. The remaining amount of $ 15,265was waived by Geely and recognized as Other contributed capital.

|                                 | Interest bearing current liabilities - related parties |     | As of June 30, 2025 |     |     | As of December, 31, 2024 |
|:--------------------------------|:-------------------------------------------------------|:----|--------------------:|:----|:----|-------------------------:|
| Volvo Car Financial Services UK |                                                        |     |              68,623 |     |     |                   54,975 |
| Volvo Cars                      |                                                        |     |              25,716 |     |     |                   16,999 |
| Geely                           |                                                        |     |              16,450 |     |     |                   28,688 |
| Total                           |                                                        |     |             110,789 |     |     |                  100,662 |

<div align='center'>F-24

Notes to the Unaudited Condensed Consolidated Financial Statements

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

|            | Other non