Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Q3 2022 Earnings Conference Call November 11, 2022 8:00 AM ET

Company Participants

Bojana Flint - Head of IR

Thomas Ingenlath - CEO

Johan Malmqvist - CFO

Conference Call Participants

Winnie Dong - Deutsche Bank

Charles Coldicott - Redburn

Itay Michaeli - Citigroup

Alex Potter - Piper Sandler

Erik Golrang - SEB

Operator

Good day, and thank you for standing by. Welcome to the Polestar Third Quarter 2022 Results Conference Call. At this time, our participants are in listen-only the mode. After the speakers' presentation, there will be the question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Bojana Flint.

Bojana Flint

Thank you, operator. Hello, everyone. My name is Bojana Flint, I’m Head of Polestar Investor Relations. Let me cover a few housekeeping points before handing over to Thomas Ingenlath, our CEO, for his opening remarks; followed by Johan Malmqvist, our CFO, who will comment on our quarterly financial results in more detail. This will take about 15 minutes and we will then open the line for analyst questions. If we have some time left, we'll take questions from the web, which I will read out.

Before handing over call to Thomas, I would like to remind participants that many of our comments today will be considered forward-looking statements under the U.S. Federal security laws and are subject to numerous risks and uncertainties that may cause Polestar’s actual results to differ materially from what has been communicated. Forward-looking statements made today are effective only as of today and Polestar undertakes no obligation to update any of its forward-looking statements.

For a discussion of some of the factors that could cause our actual results to differ, please review the Risk Factors section of our annual report on Form 20-F or our other recent filings with the SEC. You may also find more information on forward-looking statements in our filing with the SEC or on our investor presentation and recent press releases which are posted on our Investor Relation website.

With that, I would like to turn the call over to Thomas. Please go ahead.

Thomas Ingenlath

Yes. Thank you, Bojana. Hello, everyone. Thank you for joining our first quarterly results call. I will start with some opening remarks and then pass on to Johan to comment on our financial results and the 2022 outlook. Now, this is an amazing year for Polestar, full of major milestones. I'm particularly proud of the phenomenal global premier of the Polestar 3 that we delivered in Copenhagen a few weeks ago in front of hundreds of media, shareholders and customers. Polestar 3 is our first SUV, built for the electric age. It is full of fantastic features, centralized computing with NVIDIA DRIVE core computing, for example, running on software from Volvo Cars, making it one of the safest cars and prepared for the future of highway piloting. Polestar 3 is a car that has been designed as a Polestar from start to finish. It defines the essence of our brand in terms of design, luxury and ambition.