Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 207

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 207
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 14,753 |
| Total                                            |     |                  $ | 127,423 |     |    $ | 105,947 |

Accrued expenses were mainly related to marketing and product development; personnel related liabilities consisted of wages, salaries, and other benefits payable.

Note 25 - Liabilities to credit institutions

The carrying amount of Polestar Group’s Liabilities to credit institutions as of December 31, 2023 and December 31, 2022 were as follows:

|                                    |     | As of December 31, |           |     |           |           |
|                                    |     |               2023 |           |     |      2022 |           |
| Liabilities to credit institutions |     |          -Restated |           |     | -Restated |           |
| Working capital loans from banks   |     |                    | 1,923,755 |     |           | 1,300,108 |
| Floorplan facilities               |     |                    |    75,963 |     |           |     5,409 |
| Sale-leaseback facilities          |     |                    |    26,947 |     |           |    21,585 |
| Total                              |     |                  $ | 2,026,665 |     |         $ | 1,327,102 |

Since Liabilities to credit institutions are short-term with a duration of twelve months or less, the carrying amount of each contract is deemed to be a reasonable approximation of fair value. The Group’s risk management policies related to Liabilities to credit

<div align='center'>F-55</div>

institutions and other debt instruments are further detailed in Note 3 - Financial risk management of the Consolidated Financial Statements, as of, and for the year ended, December 31, 2023.

The Group had the following working capital loans outstanding as of December 31, 2023:

| Currency |     | Term                            |     | Security   |     | Interest                                                 |     | Nominal amount in   
 respective currency 
 (thousands)         |         |     | Amount in USD (thousands) |           |
| EUR      |     | February 2023 - February 2024   |     | Secured1   |     | 3 month EURIBOR2plus2.30% and an arrangement fee of0.15% |     |                     | 400,104 |     |                           |   442,795 |
|