| Related party transactions |
Note 14 - Related party transactions The tables that follow show related party activity during the periods presented: Sale of goods, services and other | | | | | | | | | | For the six months ended June 30, | | 2026 | 2025 | Volvo Cars | 74,939 | 76,635 | Ziklo Bank AB | 75,953 | 53,385 | Polestar Times Technology | — | 21,858 | | | | Total revenue from related parties | 150,892 | 151,878 | % of total revenue | 11.1 | % | 10.7 | % |
Purchases of goods, services and other | | | | | | | | | | For the six months ended June 30, | | 2026 | 2025 | Volvo Cars | 460,784 | | 535,968 | | Geely | 504,340 | | 405,261 | | RK | 151,951 | | 17,441 | | Other related parties | 3,348 | | 391 | | Total | 1,120,423 | | 959,061 | |
Related party balances | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | Volvo Cars | Geely | Polestar Times Technology | RK | Other related parties | Total | Amounts due from related parties | | | | | | | Trade receivables and other receivables | 79,992 | | 122,852 | | 28 | | 5,246 | | 6,148 | | 214,266 | | Other assets | 35 | | 2,918 | | — | | — | | — | | 2,953 | | Total | 80,027 | | 125,770 | | 28 | | 5,246 | | 6,148 | | 217,219 | | Amounts due to related parties | | | | | | | Loans and borrowings | (674,664) | | (681,531) | | — | | — | | (46,308) | | (1,402,503) | | Trade payables | (484,352) | | (229,109) | | — | | (68,509) | | (3,382) | | (785,352) | | Accrued expenses | (54,966) | | (123,573) | | (54) | | (6,440) | | (244) | | (185,277) | | Lease liabilities | (65,706) | | — | | — | | — | | — | | (65,706) | | Other liabilities | (15,218) | | — | | — | | — | | (4,893) | | (20,111) | | Total | (1,294,906) | | (1,034,213) | | (54) | | (74,949) | | (54,827) | | (2,458,949) | |
| | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | Volvo Cars | Geely | Polestar Times Technology | RK | Other related parties | Total | Amounts due from related parties | | | | | | | Trade receivables and other receivables | 104,996 | | 77,017 | | 29 | | 8,349 | | 7,406 | | 197,797 | | Other assets | — | | 2,834 | | — | | — | | — | | 2,834 | | Total | 104,996 | | 79,851 | | 29 | | 8,349 | | 7,406 | | 200,631 | | Amounts due to related parties | | | | | | | Loans and borrowings | (1,020,230) | | (935,440) | | — | | — | | (65,994) | | (2,021,664) | | Trade payables | (497,386) | | (492,808) | | — | | 189 | | (1,996) | | (992,001) | | Accrued expenses | (160,522) | | (88,713) | | (53) | | (4,821) | | (30) | | (254,139) | | Lease liabilities | (72,821) | | — | | — | | — | | — | | (72,821) | | Other liabilities | (8,098) | | — | | — | | — | | (3,484) | | (11,582) | | Total | (1,759,057) | | (1,516,961) | | (53) | | (4,632) | | (71,504) | | (3,352,207) | |
Polestar 3 operational arrangements with Volvo Cars and Snita On March 31, 2026, the Company entered into a footprint consolidation agreement, as well as related amendments to its manufacturing, development and pricing arrangements, with Volvo Cars relating to the Polestar 3 program. With the objective of supporting and ensuring the commercial viability and sustainability of the manufacturing footprint, the agreement and related amendments provide for the consolidation of substantially all Polestar 3 manufacturing activities to be consolidated in Charleston, South Carolina, USA. The amendments included: •Consolidation of substantially all Polestar 3 manufacturing activities in Charleston, South Carolina. •Amendments to specified volume commitments and manufacturing cost-sharing arrangements. •Settlement of certain disputed development deliverables, and •Modifications to future development and manufacturing pricing arrangements.
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