Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 136

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 4
Chunk 136
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 workshops. Polestar’s engineering focus in the United Kingdom has been the development of Polestar 5 and overall chassis and driving dynamics.

Polestar uses a digital first, direct to consumer approach that enables its customers to browse Polestar’s products, configure their preferred vehicle and, where permitted, place their order online. Alternatively, Polestar Spaces are where customers can see, feel and test drive Polestar’s vehicles prior to making an online purchase. As of December 31, 2024, there were 193 Polestar Spaces. In addition, Polestar leverages the Volvo Cars service center network to provide access to 1,170 customer service points worldwide (as of December 31, 2024) in support of its international operations.

Table of Contents

Polestar 2 is produced in the Taizhou facility. The facility opened in 2016. The plant is focused on the CMA platform, and also produces Volvo XC40. In October 2021, Geely and Volvo Cars agreed to transfer the Taizhou facility to Volvo Cars. The transfer was effectuated in December 2021 and did not affect production of the Polestar 2 at the facility. In connection with this transfer, the facility has been renamed from "Luqiao" to “ Taizhou”.

Polestar 3 is manufactured in Volvo Cars’ Charleston, South Carolina, USA, facility. Production commenced in summer 2024 and is dedicated to the US and part of the European market. Polestar 3 is also manufactured in Volvo Cars’ Chengdu, China plant. The facility opened in 2013. The production of Polestar 3 in China started in early 2024.

Polestar 4 is manufactured at the Geely-owned Hangzhou Bay plant. Polestar 4 is planned to be partly manufactured in Busan, South Korea, with vehicles produced at this facility expected to be for the US market. The plant is owned by Renault Korea Co Ltd (RK), which is 35% owned by Geely. Production is expected to start in the second half of 2025.

Polestar 5 is expected to be produced in the Chongqing, China plant owned by Geely and currently operated by Polestar. Geely is planned to take over the operations of the plant in Q2 2025. Production for Polestar 5 is expected to start in the second half of 2025.

Polestar has the benefit of being part of the larger global manufacturing footprint