Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 170

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 170
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 |      2022 |     |           |      2021 |
|:--------------------------------------------------|:----|:--------------------------------|----------:|:----|:----------|----------:|:----|:----------|----------:|
|                                                   |     | -Restated                       |           |     | -Restated |           |     | -Restated |           |
| Sales of vehicles1                                |     |                                 | 2,313,124 |     |           | 2,386,685 |     |           | 1,298,918 |
| Sales of software and performance engineered kits |     |                                 |    18,994 |     |           |    21,308 |     |           |    25,881 |
| Sales of carbon credits                           |     |                                 |     1,452 |     |           |    10,984 |     |           |     6,299 |
| Vehicle leasing revenue                           |     |                                 |    17,421 |     |           |    16,719 |     |           |     6,217 |
| Other revenue                                     |     |                                 |    17,094 |     |           |     5,122 |     |           |     6,310 |
| Total                                             |     | $                               | 2,368,085 |     | $         | 2,440,818 |     | $         | 1,343,625 |

1 - Revenue related to sales of vehicles is inclusive of accessory revenue and extended and connected services recognized over time.

For the years ended December 31, 2023, 2022 and 2021, 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 and software performance upgrades.

For the year ended December 31, 2023, the Group's largest customer that is not a related party accounted for $ 372,597( 16%) of Revenue. For the years ended December 31, 2022 and December 31, 2021, no sole customer exceeded 10% of total Revenue. The Group’s two largest customers that are not related parties accounted for $ 156,400( 6%) and $ 135,544( 10%) of Revenue respectively, for the years ended December 31, 2022 and December 31, 2021. Refer to Note 27 - Related party transactions for further details on