Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 223

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 223
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, 2021, revenue from related parties was $ 134,966( 10.0%) of total Revenue.

Purchases of goods, services and other

Purchases from related parties include agreements related to product development, procurement, manufacturing, IT, and other support (specifically, inbound and outbound logistics) agreements discussed above. These agreements include work in progress and finished goods, including Polestar 2 vehicles purchased from Volvo Cars' factory in Taizhou, China and Polestar 4 vehicles purchased from Geely's Hangzhou Bay factory in Ningbo, China. Purchases of PS2 vehicles were from Geely until the change in plant ownership in November 2021; purchases and their related payables were from Volvo Cars subsequent to this event. Inventory cost of the Group is comprised of all costs of purchase, production charges and other expenditures incurred in bringing the inventory to its present location and condition.

Additionally, purchases from related parties include administrative costs associated with service agreements with Volvo Cars that relate to corporate or back-office functions. IT service and software related agreements are also included in administrative costs.

The total purchases of goods, services and other for each related party is shown in the table below:

|                                                  |     | For the year ended December 31, |      2023 |     |           |      2022 |     |           |      2021 |
|:-------------------------------------------------|:----|:--------------------------------|----------:|:----|:----------|----------:|:----|:----------|----------:|
|                                                  |     | -Restated                       |           |     | -Restated |           |     | -Restated |           |
| Volvo Cars                                       |     |                                 | 2,341,970 |     |           | 2,215,643 |     |           |   558,007 |
| Geely                                            |     |                                 |   252,888 |     |           |   248,553 |     |           | 1,200,295 |
| Wuxi InfiMotion Propulsion Technology Co., Ltd., |     |                                 |     7,215 |     |           |       555 |     |           |         — |
| Volvofinans Bank AB                              |     |                                 |       463 |     |           |     1,003 |     |           |     5,748 |
| Other related parties                            |     |                                 |        15 |     |           |         8 |