| Revenue |
Note 3 - Revenue The following table shows the Group's revenue disaggregated by source: | | | | | | | | | | For the six months ended June 30, | | 2026 | 2025 | 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.
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