Polestar takes the uncertainty away from buying a pre-owned Polestar 2 with new battery state-of-health certificates

• Polestar Pre-owned programme introduces battery state-of-health certificates for used Polestar 2 vehicles
• To be certified as a guaranteed pre-owned Polestar, each car undergoes a rigorous 112-point inspection

• Over-the-air updates result in Polestar 2 always being up-to-date and offering the latest software features

Since its launch in 2020, Polestar 2 has received over 20 over-the-air (OTA) software updates, allowing the car to continuously improve over time. For Polestar 2, OTA updates have led to efficiency gains, extending the car’s range through battery management, new functionality with Apple CarPlay and Android Auto, as well as many loved apps including Waze and YouTube. With regularly scheduled software updates, Pre-owned customers can be assured they have the latest software features in their car.

To be certified as a guaranteed pre-owned Polestar, each car undergoes a rigorous 112-point inspection at an official service point. Additionally, Polestar provides independently verified mileage, service, and ownership certifications to validate the status of each pre-owned Polestar. Every pre-owned Polestar features a 24-month warranty and the remainder of the 8-year* battery warranty offered.

Michael Lohscheller, Polestar CEO, says: “Thanks to our new battery state-of-health certificate, we’ve just added another reason for used EV buyers to purchase a pre-owned Polestar 2. Along with the 112-point check, 24-month warranty and roadside assistance, plus our commitment to continually enhance our vehicles via over-the-air software updates, buyers can be confident they’re getting the very best example of a used Polestar 2 possible.”

To learn more about the Polestar Pre-owned programme and local market offers, visit: https://www.polestar.com/preowned-cars/.

*Remainder of the 8-years / 160,000 km (100,000 mi), whichever comes first. If the battery’s state-of-health drops below 70% of its original capacity within the first 8 years from when the vehicle was first registered, the battery will be replaced at no cost.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific.

Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

Forward-Looking Statements

This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.