PLSAY Polestar Automotive Holding UK PLC (CE)

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

Polestar Automotive Holding UK PLC

(Name of Issuer)

 

Class A American Depositary Shares

Class A Ordinary Shares, par value $0.01 each

(Title of Class of Securities)

 

731105201

(CUSIP Number)

 

Zhejiang Geely Holding Group Company Limited

No. 1760 Jiangling Road, Binjiang District, Hangzhou, Zhejiang, China

+86 (571) 2809 8282

 

Rosmarie Söderbom

Volvo Car Corporation

Avd 50090, HB3S

405 31 Göteborg, Sweden

+46 (0)766 210020

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

May 8, 2024

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ¨

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 731105201

13D

Page 1 of 17 pages

 

1	Names of Reporting Persons   Volvo Car Corporation
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   Sweden
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   380,322,995
		8	Shared Voting Power   0
		9	Sole Dispositive Power   380,322,995
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   380,322,995
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   18.0%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 2 of 17 pages

 

1	Names of Reporting Persons   PSD Investment Limited
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   1,277,046,912
		8	Shared Voting Power   0
		9	Sole Dispositive Power   828,013,737
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   828,013,737
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   39.2%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 3 of 17 pages

 

1	Names of Reporting Persons   PSD Capital Limited
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   1,277,046,912
		8	Shared Voting Power   0
		9	Sole Dispositive Power   828,013,737
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   828,013,737
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   39.2%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 4 of 17 pages

 

1	Names of Reporting Persons   Snita Holding B.V.
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, AF
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   Netherlands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   380,322,995
		8	Shared Voting Power   0
		9	Sole Dispositive Power   380,322,995
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   380,322,995
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   18.0%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 5 of 17 pages

 

1	Names of Reporting Persons   Volvo Car AB
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   Sweden
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   380,322,995
		8	Shared Voting Power   0
		9	Sole Dispositive Power   0
		10	Shared Dispositive Power   380,322,995
11	Aggregate Amount Beneficially Owned by Each Reporting Person   380,322,995
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   18.0%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 6 of 17 pages

 

1	Names of Reporting Persons   Geely Sweden Holdings AB
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   Sweden
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   897,719,855
		8	Shared Voting Power   0
		9	Sole Dispositive Power   897,719,855
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   897,719,855
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   42.5%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 7 of 17 pages

 

1	Names of Reporting Persons   Shanghai Geely Zhaoyuan International Investment Co., Ltd
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   897,719,855
		8	Shared Voting Power   0
		9	Sole Dispositive Power   897,719,855
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   897,719,855
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   42.5%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 8 of 17 pages

 

1	Names of Reporting Persons   Beijing Geely Wanyuan International Investment Co., Ltd
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   897,719,855
		8	Shared Voting Power   0
		9	Sole Dispositive Power   897,719,855
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   897,719,855
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   42.5%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 9 of 17 pages

 

1	Names of Reporting Persons   Beijing Geely Kaisheng International Investment Co., Ltd
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   897,719,855
		8	Shared Voting Power   0
		9	Sole Dispositive Power   897,719,855
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   897,719,855
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   42.5%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 10 of 17 pages

 

1	Names of Reporting Persons   Zhejiang Geely Holding Group Company Limited
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   897,719,855
		8	Shared Voting Power   0
		9	Sole Dispositive Power   897,719,855
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   897,719,855
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   42.5%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 11 of 17 pages

 

1	Names of Reporting Persons   Geely Sweden Automative Investment B.V.
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   Netherlands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   502,156,334
		8	Shared Voting Power   0
		9	Sole Dispositive Power   502,156,334
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   502,156,334
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   23.8%
14	Type of Reporting Person   CO

 

CUSIP No. 731105201

13D

Page 12 of 17 pages

 

1	Names of Reporting Persons   Shufu Li
2	Check the Appropriate Box if a Member of a Group			(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions)   OO, WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization   China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power   2,174,766,767
		8	Shared Voting Power   0
		9	Sole Dispositive Power   1,725,733,592
		10	Shared Dispositive Power   0
11	Aggregate Amount Beneficially Owned by Each Reporting Person   1,725,733,592
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares ¨
13	Percent of Class Represented by Amount in Row (11)   81.8%
14	Type of Reporting Person   IN

 

CUSIP No. 731105201

13D

Page 13 of 17 pages

 

Explanatory Note

 

This Amendment No. 5 to Schedule 13D (“Amendment No. 5”) amends and supplements the Statement on Schedule 13D filed with the United States Securities and Exchange Commission on July 7, 2022 (as amended to date, the “Statement”), relating to Class A ordinary shares, par value $0.01 per share (the “Class A Shares”) of Polestar Automotive Holding UK PLC, a limited company incorporated under the laws of England and Wales (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Statement.

 

Item 4.

Purpose of Transaction.

 

Item 4 of the Statement is amended and supplemented by inserting the following information:

 

On May 13, 2024, Volvo Car AB (publ) ("Volvo Cars") will effectuate its previously-announced distribution of 638,469,467 Class A American Depositary Shares ("Class A ADS") of the Issuer (the "Distribution Shares") owned by Volvo Cars to the holders of its redemption shares (the "Distribution"). The Distribution will be effected through the issuance of Swedish Depositary Receipts ("SDRs") to holders of redemption shares as of May 8, 2024, the record date for the distribution of SDRs. Each SDR represents one underlying Class A ADS. Each Class A ADS in turn represents one underlying Class A Share. Holders of SDRs may elect to convert their SDRs into Class A ADSs at any time prior to August 14, 2024. Any SDRs that have not been converted by that date will be cancelled and the holders thereof will be paid the net cash proceeds from the sale of the underlying Class A ADS at prevailing market prices.

 

In preparation for the distribution of SDRs, on May 8, 2024, Snita Holding B.V. ("Snita") distributed the Distribution Shares to Snita's parent company, Volvo Car Corporation ("VCC"). VCC in turn distributed the Distribution Shares to VCC's parent company, Volvo Cars. On May 8, 2024, Volvo Cars deposited the Distribution Shares with Skandinaviska Enskilda Banken AB, the depositary for the SDR program. Prior to the foregoing transactions, Snita converted all its Class B Shares and Class B ADS, and PSD Investment Limited converted 778,121,162 of its Class B Shares and Class B ADS, into Class A Shares or Class A ADS, as applicable.

 

Prior to the issuance of the SDRs, Geely Sweden Holdings A.B. ("GSHAB"), a shareholder of Volvo Cars, formed a new wholly-owned subsidiary, Geely Sweden Automotive Investment B.V. ("GSAI"), and transferred redemption shares to the subsidiary. As a result, GSAI will receive 502,156,334 SDRs in the Distribution that are convertible into an equivalent number of Class A ADS.

 

After giving effect to the Distribution, (i) the aggregate beneficial ownership of the Class A Shares by Volvo Cars, VCC and Snita will be reduced to 18.0%, (ii) the aggregate beneficial ownership of the Class A Shares by GSHAB, Shanghai Geely Zhaoyuan International Investment Co., Ltd., Beijing Geely Wanyuan International Investment Co., Ltd., Beijing Geely Kaisheng International Investment Co., Ltd. and Zhejiang Geely Holding Group Company Limited, each of which is a direct or indirect shareholder of Volvo Cars, will be reduced to 42.5%; (iii) the aggregate beneficial ownership of the Class A Shares by GSAI will be 23.8%; and (iv) the aggregate beneficial ownership of the Class A Shares by Shufu Li, an indirect shareholder of Volvo Cars, will be reduced to 81.8%.

 

 

CUSIP No. 731105201

13D

Page 14 of 17 pages

 

Item 6.

Contract, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 of the Statement is amended and supplemented as follows:

 

The information set forth in Item 4 above is incorporated herein by reference.

 

 

CUSIP No. 731105201

13D

Page 15 of 17 pages

 

Item 7.

Materials to be Filed as Exhibits.

 

Exhibit Number		Description
1		Joinder to Joint Filing Agreement, dated May 10, 2024, by Geely Sweden Automotive Investment B.V.

 

 

CUSIP No. 731105201

13D

Page 16 of 17 pages

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: May 10, 2024

 

	VOLVO CAR CORPORATION
	By:	/s/ Johan Ekdahl
	Name:	Johan Ekdahl
	Title:	Authorized Signatory
	By:	/s/Helen Hu
	Name:	Helen Hu
	Title:	Director and Authorized Signatory
	PSD INVESTMENT LIMITED
	By:	/s/ Shufu Li
	Name:	Shufu Li
	Title:	Sole Director
	PSD CAPITAL LIMITED
	By:	/s/ Shufu Li
	Name:	Shufu Li
	Title:	Sole Director
	SNITA HOLDING B.V.
	By:	/s/ Johan Ekdahl
	Name:	Johan Ekdahl
	Title:	Director
	By:	/s/ Maria Hemberg
	Name:	Maria Hemberg
	Title:	Director

 

 

CUSIP No. 731105201

13D

Page 17 of 17 pages

 

	VOLVO CAR AB
	By:	/s/ Johan Ekdahl
	Name:	Johan Ekdahl
	Title:	Authorized Signatory
	By:	/s/ Helen Hu
	Name:	Helen Hu
	Title:	Director and Authorized Signatory
	GEELY SWEDEN HOLDINGS AB
	By:	/s/ Shufu Li
	Name:	Shufu Li
	Title:	Director
	By:	/s/ Donghui Li
	Name:	Donghui Li
	Title:	Director
	GEELY SWEDEN AUTOMOTIVE INVESTMENT B.V.
	By:	/s/ Hans Oscarsson
	Name:	Hans Oscarsson
	Title:	Director
	By:	/s/ Quan Zhang
	Name:	Quan Zhang
	Title:	Director
	SHANGHAI GEELY ZHAOYUAN INTERNATIONAL INVESTMENT CO., LTD
	By:	/s/ Donghui Li
	Name:	Donghui Li
	Title:	Director
	BEIJING GEELY WANYUAN INTERNATIONAL INVESTMENT CO., LTD
	By:	/s/ Quan Zhang
	Name:	Quan Zhang
	Title:	Director
	BEIJING GEELY KAISHENG INTERNATIONAL INVESTMENT CO., LTD
	By:	/s/ Quan Zhang
	Name:	Quan Zhang
	Title:	Director
	ZHEJIANG GEELY HOLDING GROUP COMPANY LIMITED
	By:	/s/ Donghui Li
	Name:	Donghui Li
	Title:	Legal Representative & Director
	By:	/s/ Shufu Li
	Name:	Shufu Li

 

 

CUSIP No. 731105201

13D

Page 1 of 3 pages

 

SCHEDULE A-1

Information with Respect to

Executive Officers and Directors of the Undersigned

 

The following sets forth as to each of the executive officers (if any) and directors of the undersigned: his/her name; his/her business address; his/her present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted.

 

To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws except as reported in Item 2(d) and (e) of this Schedule 13D.

 

Snita Holding B.V. (“Snita”)

 

Unless otherwise specified, the principal employer of each such individual is Snita. The business address of Snita is Stationsweg 2, Beesd, 4153 RD, Netherlands.

 

Name	Title	Citizenship
Johan Ekdahl	Director	Sweden
Maria Hemberg	Director	Sweden

 

PSD Investment Limited (“PSD Investment”)

 

Unless otherwise specified, the principal employer of each such individual is PSD Investment. The business address of PSD Investment is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands.

 

Name	Title	Citizenship
Shufu Li	Director	China

 

Volvo Car Corporation (“Volvo Cars”)

 

Unless otherwise specified, the principal employer of each such individual is Volvo Cars. The business address of Volvo Cars is Avd. 50090 HB3S, 405 31 Göteborg, Sweden.

 

Name	Title	Citizenship
Jim Rowan	Director	United Kingdom
Helen Hu	Director	China
Johan Ekdahl	Director	Sweden

 

 

CUSIP No. 731105201

13D

Page 2 of 3 pages

 

PSD Capital Limited (“PSD Capital”)

 

Unless otherwise specified, the principal employer of each such individual is PSD Capital. The business address of PSD Capital is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands.

 

Name	Title	Citizenship
Shufu Li	Director	China

 

Volvo Car AB (“VCAB”)

 

Unless otherwise specified, the principal employer of each such individual is VCAB. The business address of VCAB is Avd. 50090 HB3S, 405 31 Göteborg, Sweden.

 

Name	Title	Citizenship
Jim Rowan	Managing Director	United Kingdom
Shufu Li	Director	China
Ardian Avdullahu	Director (Employee Representative)	Sweden
Thomas Johnstone	Director	United Kingdom
Donghui Li	Director	China
Anna Mossberg	Director	Sweden
Diarmuid O’Connell	Director	United States
Björn Olsson	Director (Employee Representative)	Sweden
Jörgen Olsson	Director (Employee Representative)	Sweden
Jonas Samuelsson	Director	Sweden
Lone Föns Schröder	Director	Denmark
Lilla Tretikov	Director	United States
Winfried Vahland	Director	Germany
Anna Margitin Blomberg	Deputy Director (Employee Representative)	Sweden
Marie Stenqvist	Deputy Director (Employee Representative)	Sweden

 

Geely Sweden Holdings AB (“Geely Sweden”)

 

Unless otherwise specified, the principal employer of each such individual is Geely Sweden. The business address of Geely Sweden is Box 10038, 400 70 Göteborg, Sweden.

 

Name	Title	Citizenship
Shufu Li	Director	China
Donghui Li	Director	China
Hans Erik Oscarsson	Director	Sweden
Lone Fönss Schröder	Director	Denmark

 

 

CUSIP No. 731105201

13D

Page 3 of 3 pages

 

Shanghai Geely Zhaoyuan International Investment Co., Ltd (“Shanghai Geely”)

 

Unless otherwise specified, the principal employer of each such individual is Shanghai Geely. The business address of Shanghai Geely is Room 1478, Building 10, No. 1630 Yecheng Road, Jiangding District, Shanghai, China.

 

Name	Title	Citizenship
Donghui Li	Director	China

 

Beijing Geely Wanyuan International Investment Co. Ltd (“Beijing Geely Wanyuan”)

 

Unless otherwise specified, the principal employer of each such individual is Beijing Geely Wanyuan. The business address of Beijing Geely Wanyuan is Room 409, Level 4, Building 4, Yard 4, Yongchang Zhong Road, Beijing Economic-Technological Development Area, Beijing, China.

 

Name	Title	Citizenship
Quan Zhang	Director	China

 

Beijing Geely Kaisheng International Investment Co., Ltd. (“Beijing Geely Kaisheng”)

 

Unless otherwise specified, the principal employer of each such individual is Beijing Geely Kaisheng. The business address of Beijing Geely Kaisheng is Room 409, Level 4, Building 4, Yard 4, Yongchang Zhong Road, Beijing Economic-Technological Development Area, Beijing, China.

 

Name	Title	Citizenship
Quan Zhang	Director	China

 

Zhejiang Geely Holding Group Company Limited (“Zhejiang Geely”)

 

Unless otherwise specified, the principal employer of each such individual is Zhejiang Geely. The business address of Zhejiang Geely is No. 1760 Jiangling Road, Binjiang District, Hangzhou, Zhejiang, China.

 

Name	Title	Citizenship
Shufu Li	Director	China
Donghui Li	Director	China
Jian Yang	Director	China
Hong Sun	Director	China
Weilie Ye	Director	China

 

Geely Sweden Automotive Investment B.V. ("GSAI")

 

Unless otherwise specified, the principal employer of each such individual is GSAI. The business address of GSAI is Stationsveg 2, 4153RD Beesd, Netherlands.

 

Name	Title	Citizenship
Hans Oscarsson	Director	Sweden
Quan Zhang	Director	China
Alexander Bernard Maria    Kerssemakers	Director	Netherlands
Hendrik van der Gaag	Director	Netherlands

 

Exhibit 1

 

JOINDER TO JOINT FILING AGREEMENT

 

The undersigned acknowledges and agrees to be bound by that certain Joint Filing Agreement, dated as of July 7, 2022, executed in connection with the filing of the Schedule 13D related to ownership of shares and American Depositary Shares of Polestar Automotive Holding UK PLC and filed with the Securities and Exchange Commission on July 7, 2022 (and all amendments thereto).

 

IN WITNESS WHEREOF, the undersigned hereby executes this Joinder to Joint Filing Agreement as of this 10th day of May 2024.

 

GEELY SWEDEN AUTOMOTIVE INVESTMENT B.V.
By:	/s/ Hans Oscarsson
	Director
By:	/s/ Quan Zhang
	Director

 

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