Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 224

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 224
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     |           |         — |
| Total                                            |     | $                               | 2,602,551 |     | $         | 2,465,762 |     | $         | 1,764,050 |

Cost of R&D and intellectual property

Polestar entered into agreements with Volvo Cars and Geely regarding the development of technology leveraged in the development of the PS2, PS3, and PS4. In 2020, the Group entered into similar agreements with Volvo Cars to acquire technology leveraged in the development of the PS1, PS2, and PS3. The Group is in control of the developed product either through a license or through ownership of the IP and the recognized asset reflects the relevant proportion of Polestar Group’s interest. The recognized asset associated with these agreements as of December 31, 2023 was $ 1,066,766, of which acquisitions attributable to 2023 were $ 241,048. As of December 31, 2022, the recognized asset associated with these agreements was $ 1,148,132, of which acquisitions attributable to 2022 were $ 215,532.

Amounts due to related parties

Amounts due to related parties include transactions from agreements associated with purchases of intangible assets, sales and distribution, procurement, manufacturing and other support from Volvo Cars and Geely.

|                                                                                                      |     | As of December 31, |     |         |           |     |           |
|                                                                                                      |     |               2023 |     |         |      2022 |     |           |
| Trade payables – related parties, accrued expenses, and other current liabilities to related parties |     |          -Restated |     |         | -Restated |     |           |
| Volvo Cars                                                                                           |     |                    |     | 494,170 |           |     | 1,089,144 |
| Geely                                                                                                |     |                    |     | 195,255 |           |     |    70,583 |
| Polestar Times Technology                                                                            |     |                    |     |  30,668 |           |     |         — |

<div align='center'>F-63</div>

| Volvofinans Bank AB   
 Other related parties |     |   | 2,124 
 751   |         |   | 1,389 
 533   |           |
|:----------------------|:----|:--|:------|--------