Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 373

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 373
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 2024           2023           2022  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales of vehicles 1                                                          1,975,864      2,313,124      2,386,685  
  Vehicle leasing revenue                                                         17,175         17,421         16,719  
  Sales of software and performance engineered kits                               15,344         18,994         21,308  
  Other revenue                                                                   14,960         17,094          5,122  
  Sales of carbon credits                                                         10,918          1,452         10,984  
  Total                                                                                $              $              $  

1 - Revenue related to sales of vehicles is inclusive of (1) sales of accessories recognized at a point in time and (2) extended and connected services recognized over time.

For the years ended December 31, 2024, 2023, and 2022, other revenue primarily consisted of license revenue generated from sales-based royalties received from Volvo Cars on sales of parts and accessories for Polestar vehicles, software performance upgrades and sale of technology to other related parties. As of December 31, 2024, the total transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied for contracts with an original expected length of one or more years was $ 120,188 12,188

For the years ended December 31, 2024 and 2022, no individual customer exceeded 10% of revenue. During the year ended December 31, 2023, the Group's largest individual customer that was not a related party accounted for$ 372,597 16 o f revenue. Refer toNote 27 - Related party transactions for further details on revenue from related parties.

Refund liabilities

For the years ended December 31, 2024, 2023, and 2022, the Group reduced revenue by $ 305,086 119,832 54,909Note 24 - Other current and non-current liabilities.

Contract liabilities

                                     Deferred revenue - extended service      Deferred revenue - connected services      Deferred revenue - operating leases & other        Total  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance as of January 1, 2023                                   39,856                                     28,511                                           13,035