Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 375

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 375
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,108  
  Spain                                        29,501       21,594        4,927  

F-33

T able of Contents

  Italy                16,988                     35,244                     1,067                  
  Other regions 1      58,285                     39,281                     22,396                 
  Total                $           2,034,261      $           2,368,085      $           2,440,818  

1 - Revenue: Other regions primarily consist of Portugal, Luxembourg, Ireland and Singapore for the year ended December 31, 2024, Spain, Ireland and Portugal for the year ended December 31, 2023, and Singapore for the year ended December 31, 2022.

                            As of December 31,                 
  Non-current assets 1                    2024           2023  
 ───────────────────────────────────────────────────────────────
  Sweden                             1,015,649      1,305,295  
  China                                417,070        549,531  
  USA                                   84,211          5,017  
  United Kingdom                        63,738         32,342  
  Other regions 2                       54,061         72,784  
  Total                                      $              $  

1 - Non-current assets: excludes Deferred tax assets, Other non-current assets and Other investments.

2 - Other regions primarily consist of Germany, Australia and Belgium in 2024 and Switzerland, Australia, Germany and Belgium in 2023. In the annual report of 2023, Germany was disclosed separately but is now aggregated into Other regions

Note 6 - Expenses by nature

The following table illustrates the Group's expenses for major functions by nature:

                                                                                                              For the year ended December 31,                                
                                                                                                                                         2024           2023           2022  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Inventory costs                                                                                                                   2,112,317      2,183,847      2,174,192  
  Impairment of property, plant and equipment, vehicles under operating leases, and intangible assets                                 622,092        339,568              —  
  Advertising, selling, and promotion costs                                                                                           301,199        390,962        298,347  
  Professional services and consultant costs                                                                                          283,397