New Polestar Concept BST makes its global debut at Goodwood Festival of Speed

GOTHENBURG, SWEDEN – WEBWIRE – Thursday, July 11, 2024

Polestar (Nasdaq: PSNY) is once again at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2 centre stage. Star of the show is the Polestar Concept BST, making its global debut at the famous motoring festival. In the first glance paddock the Polestar 3 and Polestar 4 are joined by the Polestar 6 Concept, marking the dynamic debut for the electric roadster concept.

Thomas Ingenlath, CEO of Polestar said: Now we are a brand with three models in production, its great to see them here together for the first time at a global event. Goodwood Festival of Speed is full of the most exciting cars and the most enthusiastic crowds, so its the perfect place for us to tease our Polestar Concept BST. This car is a demonstration of how far we can push our performance brand – Polestar turned up to 11, if you will – and a demonstration of how we could apply the BST formula to our line-up in the future.

The Polestar Concept BST features bespoke bodywork, finished in a classic motorsport silver, with muscular flared arches, extra wide track and 22-inch forged alloy wheels. An aerodynamically optimised bonnet, with its unique vented design, is framed by an aggressive front splitter. The motorsport theme continues at the rear with an extreme rear wing and a design completed by the bespoke racing-livery inspired graphics.

The Polestar 6 Concept, located in the first glance paddock, will be demonstrated driving up the 1.2-mile long hillclimb in front of the festivals crowds. Engineered alongside the Polestar 5 and using its bespoke bonded aluminium Polestar Performance Architecture (PPA) platform, the Polestar 6 will represent the pinnacle of the current Polestar lineup.

On the main Polestar stand the Polestar Concept BST is joined by the Polestar 2 and the two new luxury electric performance SUVs Polestar 3 and Polestar 4. Electric Avenue hosts the Polestar 4 this year, and consumers can experience Polestar models for themselves on a test drive along Molecomb drive within the famous Goodwood estate by signing up at the stand.

Polestar 3 and Polestar 4 are available to order, with test drives of Polestar 3 underway and Polestar 4 slots starting shortly. You can find out more at https://www.polestar.com/test-drive/booking.

Ends.

About Polestar

Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific.

Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coup transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon.

The Polestar 0 project supports the companys ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.

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 Polestars 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.

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