v3.26.1
Revenue
6 Months Ended
Jun. 30, 2026
Revenue [abstract]  
Revenue
Note 3 - Revenue
The following table shows the Group's revenue disaggregated by source:
For the six months ended June 30,
20262025
Sales of vehicles1
1,278,805 
1,317,756 
Sales of carbon credits
52,414 
72,155 
Sales of licenses and royalties
19,907 
10,920 
Vehicle leasing revenue
4,338 
7,579 
Sales of software and performance engineered kits
2,515 
5,628 
Other revenue
2,112 
8,567 
Total
1,360,091 
1,422,605 
1 - Revenue related to sale of vehicles is inclusive of services sold with vehicles that are recognized over time.
For the six months ended June 30, 2026 and 2025, no single customer that was not a related party exceeded 10% of total revenue.
The following table shows the breakdown of the Group's revenue by geographical location of the Group entity recognizing the revenue:
For the six months ended June 30,
2026
2025
United Kingdom
385,462 
373,173 
Sweden
255,982 
275,529 
Germany
107,825 
90,830 
Korea
100,716 
54,828 
Norway
98,824 
98,451 
Belgium
69,424 
76,432 
Australia
62,263 
50,170 
Denmark
52,140 
52,098 
Finland
35,811 
41,062 
Switzerland
35,764 
32,726 
Netherlands
31,327 
54,759 
Spain
27,614 
19,078 
Austria
25,068 
15,915 
Italy
19,560 
13,921 
Portugal
17,939 
14,215 
France
13,524 
205 
Canada
10,252 
27,560 
Luxembourg
5,273 
8,244 
United States1
3,488 
93,836 
Other regions
1,835 
29,573 
Total
1,360,091 
1,422,605 
1 - For the six months ended June 30, 2026, the amount was impacted by the increase in the residual value guarantees relating to the U.S. Restructuring as described in Note 1 - Overview and basis of preparation.