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