| Summary of Disclosure of reconciliation of changes in intangible assets and goodwill |
The changes in Polestar Group's intangible assets, goodwill and trademarks are as follows: | | | | | | | | | | | | | | | | | | | | | | Internally developed IP | Software | Acquired IP | Goodwill | Trademarks | Total | Acquisition cost | | | | | | | Balance as of January 1, 2026 | 682,645 | | 17,177 | | 2,311,582 | | 52,386 | | 2,602 | | 3,066,392 | | Additions1 | 38,658 | | — | | 60,143 | | — | | — | | 98,801 | | Derecognition due to program changes | (10,558) | | — | | — | | — | | — | | (10,558) | | | | | | | | | Effect of foreign currency exchange differences | (35,509) | | (628) | | (85,906) | | (2,672) | | (133) | | (124,848) | | Balance as of June 30, 2026 | 675,236 | | 16,549 | | 2,285,819 | | 49,714 | | 2,469 | | 3,029,787 | | Balance as of January 1, 2025 | 455,029 | | 11,665 | | 1,811,120 | | 43,793 | | 2,175 | | 2,323,782 | | Additions1 | 73,747 | | 760 | | 83,887 | | — | | — | | 158,394 | | Derecognition due to program changes | — | | — | | — | | — | | — | | — | | Reclassifications | — | | (3) | | 3 | | — | | — | | — | | Effect of foreign currency exchange differences | 77,232 | | 1,874 | | 236,539 | | 7,001 | | 348 | | 322,994 | | Balance as of June 30, 2025 | 606,008 | | 14,296 | | 2,131,549 | | 50,794 | | 2,523 | | 2,805,170 | | | | | | | | | Accumulated amortization and impairment | | | | | | | Balance as of January 1, 2026 | (536,890) | | (7,498) | | (1,821,678) | | — | | — | | (2,366,066) | | Amortization expense | — | | (1,155) | | (48) | | — | | — | | (1,203) | | Amortization capitalized into inventory | (2,279) | | — | | (30,917) | | — | | — | | (33,196) | | | | | | | | | | | | | | | | Effect of foreign currency exchange differences | 7,481 | | 337 | | 26,280 | | — | | — | | 34,098 | | Balance as of June 30, 2026 | (531,688) | | (8,316) | | (1,826,363) | | — | | — | | (2,366,367) | | Balance as of January 1, 2025 | (332,488) | | (4,380) | | (946,065) | | — | | — | | (1,282,933) | | Amortization expense | — | | (931) | | (3,210) | | — | | — | | (4,141) | | Amortization expense capitalized into inventory | (1,193) | | — | | (31,765) | | — | | — | | (32,958) | | Impairment loss | (13,708) | | — | | (480,798) | | — | | — | | (494,506) | | Effect of foreign currency exchange rate differences | (52,214) | | (588) | | (100,165) | | — | | — | | (152,967) | | Balance as of June 30, 2025 | (399,603) | | (5,899) | | (1,562,003) | | — | | — | | (1,967,505) | | | | | | | | | Carrying amount as of June 30, 2026 | 143,548 | | 8,233 | | 459,456 | | 49,714 | | 2,469 | | 663,420 | | Carrying amount as of December 31, 2025 | 145,755 | | 9,679 | | 489,904 | | 52,386 | | 2,602 | | 700,326 | |
1 – Of $98,801 in additions for the six months ended June 30, 2026, $57,418 was settled in cash. In the Unaudited Condensed Consolidated Statement of Cash Flows, this $57,418 is included as investing activities in the $145,216 additions to intangible assets, and the remaining $87,798 relates to additions from prior periods which were settled in cash during the six months ended June 30, 2026. Of $158,394 in additions for the six months ended June 30, 2025, $71,152 has been settled in cash. These $71,152 are included in the $201,581 cash used for investing activities related to additions to intangible assets, and the remaining $130,429 relates to additions from prior periods which were settled in cash during the six months ended June 30, 2025
|