Company: PLSAY
Filing Date: 2025-09-03
Form Type: 6-K
Source: 0001884082-25-000020
Chunk: 11

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-09-03
Form: 6-K
Chunk 11
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 including sales, customer service, and distribution activities, in China. As part of the winding down of Polestar Times Technology's activities, Polestar expects to make the remaining capital contributions into Polestar Times Technology set forth in the original strategic agreement between the parties. As of June 30, 2025, Polestar had $ 24,884in capital contributions it expects to make into Polestar Times Technology, subject to certain conditions precedent as defined in the original shareholder agreement.

As of June 30, 2025, Polestar has made total cash contributions of $ 73,116to Polestar Times Technology and maintains 46.2% ownership.

Sales of vehicles

During the six months ended June 30, 2025, the probability of collecting consideration in exchange for vehicles sold to Polestar Times Technology remained remote due to Polestar Times Technology's lack of available liquidity. As such, the Group's accounting for sales of vehicles to Polestar Times Technology remained unchanged from the year ended December 31, 2024.

During the six months ended June 30, 2025, the Group collected consideration and recognized revenue of $ 21,858related to sales of vehicles that were delivered during the year ended December 31, 2024. As of June 30, 2025, there were no unpaid vehicles delivered to Polestar Times Technology and, therefore, no unrecognized revenue. During the six months ended June 30, 2024, the Group collected consideration and recognized revenue related to sales of vehicles for $ 61,650of which $ 31,298pertained to vehicles delivered during the year ended December 31, 2023 and $ 30,352pertained to vehicles delivered during the six months ended June 30, 2024. As of June 30, 2024, the Group remained unpaid for 542vehicles delivered to Polestar Times Technology during the six months ended June 30, 2024; totaling $ 19,850of unrecognized revenue.

The following table summarizes the activity related to Polestar's investment in Polestar Times Technology:

| Balance as of January 1, 2024                           |     |       — |
|:--------------------------------------------------------|:----|--------:|
| Investment in Polestar Times Technology                 |     |   4,900 |
| Elimination of effects of downstream sales              |     |    -550 |
| Recognized share of losses in Polestar Times Technology |     |  -4,350 |
| Balance as