2026年6月极星投资者报告业务与战略规划202606企业研究

PolestarInvestor Presentation Polestar Disclaimer relatedtoPolestar’scurrentdistributionmodelandtheevolutionofitsdistributionmodelinthefuture;(16)theeffectsofcompetitionandthehighbarrierstoentryintheautomotiveindustryandthepaceanddepthofelectricvehicleadoptiongenerallyonPolestar’sfuturebusiness;(17)changesinenvironmentallaws,regulatoryrequirements(includingexistingregulationsrelatedtoconnectedvehiclesaswellasimpactsfrompotentialorexistinglawsandregulationsthatmaypreventtheimportationofcertainelectricvehiclesintotheUS), Forward-LookingStatementsCertainstatementsinthispresentation(“Presentation”)maybeconsidered“forward-looking TrademarksThisPresentationincludestrademarks,tradenamesandservicemarks,certainofwhich statements”asdefinedinthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsgenerallyrelatetofutureeventsorthefuturefinancialoroperatingperformanceofPolestarincludingthenumberofvehicledeliveriesandgrossmargin.Forexample,projectionsofrevenue,volumes,margins,cashflowbreak-evenandotherfinancialoroperatingmetricsandstatementsregardingexpectationsoffutureneedsforfundingandplansrelatedtheretoareforward-lookingstatements.Insomecases,youcanidentify belongto Polestar or Polestar’s affiliates and others that are the property of otherorganizations.The Polestar logo and othertrademarks orservice marks of Polestarappearingin this prospectus are the property of Polestar.Solely for convenience,trademarks,tradenamesandservicemarksreferredtointhisprospectusappearwithoutthe®,TMandSMsymbols,buttheabsenceofthosesymbolsisnotintendedtoindicate,inanyway,thatPolestaroritsaffiliateswillnotassertitsortheirrightsorthattheapplicable governmentalincentives,tariffs(includingpotentiallyhigherthanexpectedtariffsifcustoms authoritiesdetermineavehicledoesnotqualifyforalowertariffduetotheoriginofcomponentparts)andfuelandenergyprices;(18)Polestar’srelianceonthedevelopmentofvehiclechargingnetworkstoprovidechargingsolutionsforitsvehiclesanditsstrategicpartnersforservicingitsvehiclesandtheirintegratedsoftware;(19)Polestar’sabilitytoestablishitsbrandandcaptureadditionalmarketshare,andtherisksassociatedwithnegativepressorreputationalharm,includingfromelectricvehiclefires;(20)theoutcomeofanypotentiallitigation,includinglitigationinvolvingPolestarandGoresGuggenheim,Inc., forward-lookingstatementsbyterminologysuchas“may”,“should”,“expect”,“intend”,“will”,“estimate”,“anticipate”,“believe”,“predict”,“potential”,“forecast”,“plan”,“seek”,“future”, Theseforward-lookingstatementsarebaseduponestimatesandassumptionsthat,whileconsideredreasonablebyPolestaranditsmanagement,asthecasemaybe,areinherentlyuncertain.Factors that may cause actual results to differ materially from currentexpectationsinclude,butarenotlimitedto:(1)Polestar’sabilitytoenterintoormaintainagreementsorpartnershipswithitsstrategicpartners,includingVolvoCarsandGeely,originalequipmentmanufacturers,vendorsandtechnologyproviders;(2)Polestar’sabilitytomaintainrelationshipswithitsexistingsuppliers,sourcenewsuppliersforitscriticalcomponentsandenterintolongertermsupplycontractsandcompletebuildingoutitssupplychain;(3)Polestar’s abilitytoraise additional funding;(4)Polestar’s ability tosuccessfullyexecutecost-cuttingactivitiesandstrategicefficiencyinitiatives;(5)Polestar’sestimatesof expenses,profitability,gross margin,cash flow,and cash reserves;(6)Polestar’sabilitytocontinuetomeetstockexchangelistingstandards;(7)changesindomesticandforeignbusiness,market,financial,politicalandlegalconditions;(8)demand PastresultsarenotindicativeoffutureperformanceandinvestinginsecuritiesofPolestarinvolvessignificantrisks.Potentialinvestorsshouldreadandunderstandtheexplanationsof TheinformationsetforthhereinisbaseduponinformationreasonablyavailabletoPolestarasofthedateofthisPresentation(oranysuchearlierdatereferencedherein),andPolestardoesnotundertakeanyobligationtoupdatesuchinformationatanytimeaftersuchdate.Norepresentation,warrantyorundertaking,expressorimplied,ismadeasto,andnoreliance NothinginthisPresentationshouldberegardedasarepresentationbyanypersonthattheforward-lookingstatementssetforthhereinwillbeachievedorthatanyofthecontemplatedresultsofsuchforward-lookingstatementswillbeachieved.Youshouldnotplaceundue ThispresentationshallnotconstituteanoffertosellorthesolicitationofanoffertobuyanysecuritiesofPolestar,norshalltherebeanysaleorofferofanysecuritiesinanystateorjurisdictioninwhichsuchoffer,solicitationorsalewouldbeunlawful.ThisPresentationisnotintendedtoconstitute,andshouldnotbeconstruedasinvestment,tax,legalorotheradvice.Certaininformationcontainedhereinhasbeenderivedfromsourcespreparedbythirdparties.WhilesuchinformationisbelievedtobereliableforthepurposesusedhereinneitherPolestarnoranyofitsdirectors,officers,employees,affiliatesoradvisorsmakesanyrepresentationor warranty with respect to the accuracy of such information.This forPolestar’svehiclesorcarsalevolumes,revenueandmargindevelopmentbasedonpricing,variantandmarketmix,costreductionefficiencies,logisticsandgrowingafte