Polestar scales battery circularity across Polestar 2 and Polestar 3

Polestar continues to scale its approach to battery circularity, announcing that Polestar 2 and Polestar 3 batteries now include at least 50% recycled cobalt. The milestone reflects a broader strategy to reduce reliance on virgin materials, increase visibility across the value chain and keep resources in use for longer.

Circularity at Polestar extends beyond material sourcing. During the vehicle use phase, a key focus is to extend battery life and retain the battery’s value for as long as possible, which benefits both the environment and the customer experience.

Polestar partners with Volvo Cars battery centres to refurbish high-voltage batteries. At these facilities, Polestar 2 and Polestar 3 vehicles that require a battery replacement receive a refurbished battery, resulting in a circular flow. Customers receive refurbished replacement batteries with an equivalent state-of-health, improving battery value retention while reducing overall environmental impact.

Polestar is also establishing recycling partnerships across all its markets to meet producer responsibility requirements while extending battery lifecycles and maximising material recovery.

Fredrika Klarén, Head of Sustainability at Polestar, says: “To drive a Polestar is an intentional choice by customers who care about tomorrow. Electrification, powered by renewable energy and enabled by circular battery materials, points to a new kind of system: one where resources stay in use and abundance replaces depletion.”

Polestar aims to design premium electric performance cars that favours circular material choices with lower impact across its models, some examples being recycled aluminium and steel, base carpets and inlay carpets based on ECONYL® polyamide, and yarn made from PET waste. Combined with a strong focus on reducing material complexity, modular design, mono-material solutions and circular use, this enables customers to choose a more responsibly built car, one that lowers its impact on people and the planet without compromising performance or safety.

Since 2020, Polestar has pushed for greater climate transparency in the automotive industry, publishing Life Cycle Assessments for every model and openly reporting CO₂e emissions across its value chain. Polestar 2 was the first car to feature blockchain-traced cobalt, setting a new benchmark for supply chain accountability. These initiatives are part of Polestar’s broader sustainability strategy, which sees electrification as only the starting point. More recently, the company has introduced smart charging integration and reduced relative CO₂ emissions per vehicle by 25% since 2020, while launching four new models.

Ends.

Notes to editors

Recycled cobalt content as defined by ISO 1402.

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 28 markets globally across North America, Europe and Asia Pacific.

Polestar has four models in its line-up: Polestar 2, Polestar 3, Polestar 4, and Polestar 5. Planned models include the Polestar 7 compact SUV (to be introduced in 2028) and the Polestar 6 roadster. 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.