Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] (2024)

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM6-K

REPORT OFFOREIGN PRIVATE ISSUER

PURSUANT TORULE13a-16OR15d-16

UNDER THESECURITIES EXCHANGE ACT OF 1934

For the month of May 2024

Commission File Number:001-41431

Polestar Automotive Holding UK PLC

AssarGabrielssons Väg 9

405 31 Göteborg, Sweden

(Address of principal executive office)

Indicate by check mark whetherthe registrant files or will file annual reports under cover of Form20-For Form40-F.

Form 20-F ☒    Form40-F ☐

Indicate by check mark if the registrant is submitting the Form6-Kin paper as permitted by RegulationS-TRule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form6-Kin paper as permitted by RegulationS-TRule 101(b)(7): ☐

INFORMATION CONTAINED IN THIS REPORT ONFORM6-K

On May31, 2024, Polestar Automotive Holding UK PLC (“Polestar”)issued a press release announcing its expectation to file its Annual Report on Form 20-F for the year ended December31, 2023 (the “20-F”), by the end ofJune 2024. A copy of the press release is attached hereto as Exhibit 99.1.

Also on May31, 2024, the Chief Executive Officer ofPolestar, Thomas Ingenlath, released a pre-recorded video message addressing Polestar’s delay in filing the 20-F and certain other matters. A script ofMr.Ingenlath’s remarks is attached hereto as Exhibit 99.2.

Exhibits 99.1 and 99.2 to this Report on Form6-Kshall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section,nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Forward-looking statements

Certain statements in this Form 6-K may be considered “forward-looking statements”as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and grossmargin. For example, projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements.In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”,“predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology. Suchforward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, asthe case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1)Polestar’s ability to maintain agreements or partnerships with itsstrategic partners, such as Volvo Cars, Geely or Xingji Meizu Group, and to develop new agreements or partnerships; (2)Polestar’s ability to maintain relationships with its existing suppliers, source new suppliers for its criticalcomponents and enter into longer term supply contracts and complete building out its supply chain, while effectively managing the risks due to such relationships; (3)Polestar’s reliance on its partnerships with vehicle charging networksto provide charging solutions for its vehicles and its reliance on strategic partners for servicing its vehicles and their integrated software; (4)Polestar’s reliance on its partners, some of which may have limited experience withelectric vehicles, to manufacture vehicles at a high volume or develop devices, products, apps or operating systems for Polestar, and to allocate sufficient production capacity or resources to Polestar in order for Polestar to be able to increaseits vehicle production capacities and product offerings; (5)the ability of Polestar to grow and manage growth profitably including expectations of growth and financial performance by generating expected revenues at expected selling prices,maintain relationships with customers and retain its management and key employees; (6)Polestar’s estimates of expenses, profitability, gross margin, cash flow, and cash reserves; (7)increases in costs, disruption of supply orshortage of materials, in particular for lithium-ion cells or semiconductors; (8)the possibility that Polestar may be adversely affected by other economic, business, and/or competitive factors;(9)the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Polestar’s future business; (10)changes in regulatory requirements,governmental incentives and fuel and energy prices; (11)the outcome of any legal proceedings that may be instituted against Polestar or others, adverse results from litigation, governmental investigations or audits, or tax-related proceedings or audits; (12)the ability to meet stock exchange listing standards; (13)changes in applicable laws or regulations or governmental incentive programs; (14)Polestar’sability to establish its brand and capture additional market share, (15)the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or ventingsmoke; (16)delays in the design, development, manufacture, launch and financing of Polestar’s vehicles and other product offerings, and Polestar’s reliance on a limited number of vehicle models to generate revenues;(17)Polestar’s ability to continuously and rapidly innovate, develop and market new products; (18)risks related to future market adoption of Polestar’s

offerings; (19)risks related to Polestar’s distribution model; (20)the impact of the global COVID-19 pandemic, inflation, interest ratechanges, the ongoing conflict between Ukraine and Russia and in Israel and the Gaza Strip, supply chain disruptions, fuel and energy prices and logistical constraints on Polestar, Polestar’s projected results of operations, financialperformance or other financial and operational metrics, or on any of the foregoing risks; (21)Polestar’s ability to forecast demand for its vehicles; (22)Polestar’s ability to raise additional funding; (23)Polestar’sability to successfully execute cost-cutting activities and strategic efficiency initiatives; (24)the identification of additional accounting errors and/or a final assessment of errors already identified that differs significantly fromPolestar’s preliminary view of such errors; and (25)other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also causeactual results to differ from those contained in the forward-looking statements.

EXHIBIT INDEX

ExhibitNo.Description of Exhibit
99.1Press Release of Polestar Automotive Holding UK PLC, dated May31, 2024.
99.2Statement of Thomas Ingenlath, Polestar CEO, released by pre-recorded video message on May31, 2024.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,thereunto duly authorized.

POLESTAR AUTOMOTIVE HOLDING UK PLC
Date: May31, 2024By:

/s/ Thomas Ingenlath

Name:Thomas Ingenlath
Title:Chief Executive Officer
Date: May31, 2024By:

/s/ Per Ansgar

Name:Per Ansgar
Title:Chief Financial Officer

Exhibit 99.1

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] (1)

Polestar expects to publish its full year 2023 and first quarter 2024 results by the end of June

GOTHENBURG, SWEDEN – 31 May 2024. Polestar (Nasdaq: PSNY) announces that it expects to file its Annual Report for 2023 on Form 20-F and publish its preliminary unaudited financial and operational results for the first quarter of 2024 by the end of June.

Further details, including publication date and links to the live audio webcast, will be made available in due course. Verified shareholders are able to askquestions through the Say Technologies platform, accessible via https://app.saytechnologies.com/polestar-2024-q1.

Ends.

Contacts

Bojana Flint

Head of Investor Relations

bojana.flint@polestar.com

Theo Kjellberg

Head of Corporate PR

theo.kjellberg@polestar.com

Tanya Ridd

Global Head of Communications& PR

tanya.ridd@polestar.com

Forward-Looking Statements

Certain statements in this press release (“Press Release”) may be considered “forward-looking statements” as defined in thePrivate Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and gross margin. For example,projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements. In some cases, youcan identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”,“potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-lookingstatements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case maybe, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1)Polestar’s ability to maintain agreements or partnerships with its strategic partners,such as Volvo Cars, Geely or Xingji Meizu Group, and to develop new agreements or partnerships; (2)Polestar’s ability to maintain relationships with its existing suppliers, source new suppliers for its critical components and enter intolonger term supply contracts and complete building out its supply chain, while effectively managing the risks due to such relationships; (3)Polestar’s reliance on its

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] (2)

partnerships with vehicle charging networks to provide charging solutions for its vehicles and its reliance on strategic partners for servicing its vehicles and their integrated software;(4)Polestar’s reliance on its partners, some of which may have limited experience with electric vehicles, to manufacture vehicles at a high volume or develop devices, products, apps or operating systems for Polestar, and to allocatesufficient production capacity or resources to Polestar in order for Polestar to be able to increase its vehicle production capacities and product offerings; (5)the ability of Polestar to grow and manage growth profitably includingexpectations of growth and financial performance by generating expected revenues at expected selling prices, maintain relationships with customers and retain its management and key employees; (6)Polestar’s estimates of expenses,profitability, gross margin, cash flow, and cash reserves; (7)increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (8)thepossibility that Polestar may be adversely affected by other economic, business, and/or competitive factors; (9)the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicleadoption generally on Polestar’s future business; (10)changes in regulatory requirements, governmental incentives and fuel and energy prices; (11)the outcome of any legal proceedings that may be instituted against Polestar orothers, adverse results from litigation, governmental investigations or audits, or tax-related proceedings or audits; (12)the ability to meet stock exchange listing standards; (13)changes inapplicable laws or regulations or governmental incentive programs; (14)Polestar’s ability to establish its brand and capture additional market share, (15)the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (16)delays in the design, development, manufacture, launch and financing of Polestar’s vehicles and other product offerings, and Polestar’sreliance on a limited number of vehicle models to generate revenues; (17)Polestar’s ability to continuously and rapidly innovate, develop and market new products; (18)risks related to future market adoption of Polestar’sofferings; (19)risks related to Polestar’s distribution model; (20)the impact of the global COVID-19 pandemic, inflation, interest rate changes, the ongoing conflict between Ukraine and Russiaand in Israel and the Gaza Strip, supply chain disruptions, fuel and energy prices and logistical constraints on Polestar, Polestar’s projected results of operations, financial performance or other financial and operational metrics, or on anyof the foregoing risks; (21)Polestar’s ability to forecast demand for its vehicles; (22)Polestar’s ability to raise additional funding; (23)Polestar’s ability to successfully execute cost-cutting activities andstrategic efficiency initiatives; (24)the identification of additional accounting errors and/or a final assessment of errors already identified that differs significantly from Polestar’s preliminary view of such errors; and(25)other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and otherdocuments filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained inthe forward-looking statements.

Nothing in this Press Release should be regarded as a representation by any person that the forward-lookingstatements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they aremade. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future, except as may be required by law.

Exhibit 99.2

[Scripted remarks of Thomas Ingenlath, CEO of Polestar Automotive Holding UK PLC, released as a pre-recorded videomessage on May31, 2024]

Hi everyone.

I’ve justreturned from the global media test drives of Polestar 3 and Polestar 4, where our cars receive highly positive feedback on both their design and performance.

I would like to take this opportunity to address and provide clarity on some topics that have made recent headlines.

Firstly, regarding, the filing of our 2023 annual results.

Aspreviously reported, we identified certain errors in our audited 2021 and 2022 accounts.

These predominantly predate our NASDAQ listing and are expectedto have an impact of less than 5% in each respective year – positively in one and negatively in the other.

We are dedicating the necessary time andefforts to correct them, in collaboration with our auditors. We are making good progress and expect to publish the annual results for 2023 and Q1 results for 2024 by the end of June.

Throughout this period, we maintained open communication with our lending banks and have secured their understanding and continued support.

Secondly, the topic of expanded tariffs on imports to the US.

The decision to globalize our production footprint with contract manufacturing around the world is a decision we took already 3 years ago.

•

Polestar 3 starts production in South Carolina during the summer, with cars for both North America and Europe tobe manufactured there.

•

Polestar 4 is already in production and additional manufacturing is set to begin in South Korea in the secondhalf of 2025, initially for the North American market.

Our ability to adapt and utilise our global footprint is a significantdifferentiator.

So, in summary, we are allocating the necessary resources, completing the formalities, and ensuring the successful launch of our twoSUVs.

This makes us confident in the future of Polestar and I believe that the value of our business will become increasingly evident and recognized inthe coming months.

Thank you.

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Li Auto’s vehicle...","link":"https:\/\/ih.advfn.com\/market-news\/article\/7315\/li-auto-stocks-drop-post-earnings-calhoun-re-elected-to-boeing-board-and-more-news","source":"IH Market News","source_logo":"\/common\/images\/news-sources\/ihmarketnews.png","tags":[],"timestamp":1716203002,"date":"Mon May 20, 2024 ","time":"7:03 AM (4 months ago)","full_date":"May 20, 2024 7:03 AM","post_time":"May 20 2024","article_id":93888236,"source_id":"ihmarketnews","media_url":null,"press_release":true},{"headline":"Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NASDAQ\/polestar-automotive-hold-PSNYW\/stock-news\/93882289\/form-6-k-report-of-foreign-issuer-rules-13a-16","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715977318,"date":"Fri May 17, 2024 ","time":"4:21 PM (4 months ago)","full_date":"May 17, 2024 4:21 PM","post_time":"May 17 2024","article_id":93882289,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Monday\u2019s Wall Street Highlights: Berkshire Hathaway, Tesla, GM, Unilever, and more","short_text":"\nU.S. index futures indicate a positive opening on Monday, driven by the anticipation of an end to the Federal Reserve’s interest rate hike cycle. As of 06:28, Dow Jones futures (DOWI:DJI...","one_line_short_text":"\nU.S. index futures indicate a positive opening on Monday, driven by the anticipation of an end to the Federal Reserve’s interest rate hike...","link":"https:\/\/ih.advfn.com\/market-news\/article\/4137\/mondays-wall-street-highlights-berkshire-hathaway-tesla-gm-unilever-and-more","source":"IH Market News","source_logo":"\/common\/images\/news-sources\/ihmarketnews.png","tags":[],"timestamp":1699271668,"date":"Mon Nov 06, 2023 ","time":"6:54 AM (11 months ago)","full_date":"November 6, 2023 6:54 AM","post_time":"November 06 2023","article_id":92469522,"source_id":"ihmarketnews","media_url":null,"press_release":true}],"Preferred Contributors": ""}},created: function () {this.loaded = true;Vue.nextTick(function(){});}});});

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