Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 167

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 5
Chunk 167
---
 of which $1,004.8 million was used to settle eight short-term working capital facilities with Chinese and European banking partners, $1,354.1 million was used to settle amounts due on the green trade revolving credit facility, and $194.1 million was used to settle amounts due on the low-value floorplan and sale-leaseback facilities, including the credit facility with Volvo Cars.

Contractual obligations and commitments

Polestar is party to contractual obligations to make payments to third parties in the form of short-term and long-term credit facilities, sale leaseback arrangements, and various other leasing arrangements. Polestar has also entered into capital commitments to purchase property, plant and equipment and intellectual property. Refer toNote 12 - Leases, Note 25 - Liabilities to credit institutions, Note 27 - Related party transactions andNote 29 - Commitments and contingencies in the accompanying Consolidated Financial Statements for more detail on contractual obligations and commitments.

The following table summarizes Polestar’s estimated future cash expenditures related to contractual obligations and commitments as of December 31, 2024. All figures presented in the table below are in thousands of U. S. dollars unless otherwise stated.

                                                                      Payments due by period                                             
  Contractual obligations and commitments                             Total                       Less than      Between        After 5  
  Capital commitments 1                                               134,197                       134,197      —              —        
  Minimum purchase commitments 2                                      487,647                       196,728      232,784        58,135   
  Credit facilities, including sale leasebacks and floor plans 3      3,448,709                   2,512,395      936,314        —        
  Other liabilities, including floor plans - related parties 4        1,949,517                     185,140      1,736,958      27,419   
  Lease obligations including related parties 5                       163,995                        35,129      90,004         38,862   
  Total                                                               $                                   $      $              $        

1 - Capital commitments relate to Polestar's investment in PPE and intangible assets for the production of Polestar 3, Polestar 4 and upcoming models, Polestar 5 and Polestar 6. Additionally, the remaining capital injections Polestar has agreed to provide Polestar Times Technology are included herein.

2 - Minimum purchase commitments relate to contracts with certain suppliers including a non-cancellable commitment, an agreed minimum purchase volume