During the presentation of the test results, company boss Jagdeep Singh said that further development work will consist of converting the single-layer cells into multi-layer cells and then preparing them for mass production. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Get interesting investment ideas by Fred Lambert, ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger, Stay up to date with the latest content by, Electric Vehicle Price Guide best prices for dealers in the US, impressive data about its current battery cells, Tesla (TSLA) is seeing unprecedented demand, stores hitting new records, The worlds largest electric ferry can take you and your closest 2000 friends across the ocean, DC fast charger maker Tritium just got a huge order from BP, Schneider debuts its first eCascadia electric semi truck, Subscribe to Electrek on YouTube for exclusive videos. in Business Administration from U.C. QuantumScape Corp (NYSE: QS) has secured a new set of buildings in San Jose for its future manufacturing hub, QS Campus. How cost reduction of 17% will bring batteries cost $50 per kwh in 2024 would and then will allow them to make about $70/kwh from the batteries. The companies plan to begin a joint pilot program by 2023. QuantumScape Corporation is engaged in developing battery technology for electric vehicles (EVs) and other applications. Until now, the low cycle stability has been considered a major weakness of solid-state batteries. Our It does NOT increase energy density. The core of the QuantumScape technology is a ceramic separator, which is supposed to remedy exactly this. Prologium is another solid-state battery company but they have had a 40MWh/year pilot plant in operation since 2017. Puddle Jumpers Pointthe Way to Greener Aviation, What Tech Job Cuts Say About Silicon Valleyand the Rest of the Economy, With VC Funding Drying Up, Biotechs Are on a Quest for Cash, Columbia Hires First Female Leader as Shafik Succeeds Bollinger, Jes Staley Personally ObservedEpstein's Abuse, Woman Suing JPMorgan Claims, Tesla Is on Both Offense and Defense in Its First-Ever Price War, Britishvolts FailureReinforces UK Car SectorsExistential Dread, The White House Is Considering Broad Actions to ExpandTenant Protections, The School Board Queen Endorsed by Florida Governor Ron DeSantis, The School Board Queen: How a Florida Mom Is Shaking Up US Education, Ryan Salame Invested Big In ASmall Town, Now Its Tangled Up In FTXs Fallout(Podcast), Fight to Regulate Crypto atCrossroads as Ripple Ruling Looms. According to an agreement between the two companies, the location for the planned pilot plant with VW is to be determined this year. From September 1997 to April 2003, Mr. McCarthy served as Senior Vice President and General Counsel of Ciena Corporation, a network strategy and technology company. Source: QuantumScape via Green Car Congress. Even if they execute flawlessly, they will have too little capacity to matter and the prices will be too high. The transaction was completed in November 2020 and raised capital for the series production of batteries. Tesla has made its new batteries into a structural slab on the base of the car. We expect to secure a long-term lease for a second building with approximately two hundred thousand square feet in the second half of this year and for QS-0 to be producing cells by 2023.. As a. "We are planning to build a factory that can manufacture about 250,000 vehicles per year, and a Gigafactory to manufacture battery cells and the pack. Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla). The expanded plant would start producing in 2027. Incidentally, QuantumScape does not mention the new information on the pilot plants named QS-0 and QS-1 in its press release on the share issue; it is hidden in a long stock exchange notice, the SEC Report. Learn More{{/message}}, {{#message}}{{{message}}}{{/message}}{{^message}}It appears your submission was successful. QuantumScape Corporation , (NYSE: QS, or "QuantumScape") today announced that it has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021. Alongside this, the developer promises a remaining battery capacity of more than 80 per cent after 800 cycles, which means that hundreds of thousands of kilometres can be covered. QuantumScape Ships First 24-Layer Prototype Battery Cells to Automotive OEMs. https://www.electrive.com/2021/03/25/quantumscape-to-open-second-pilot-plant/. QuantumScape, which had risen to buzzy prominence after Volkswagen Group invested more than $500 million, struck a deal in September 2020 to merge with a special purpose acquisition company,. The company believes that its solid-state batteries will be far more energy-dense than the lithium-ion batteries in use right now. In concrete terms, the latter should be possible in San Jos from 2023. As the capital of Silicon Valley, San Jose continues to welcome the growth of innovative tech leaders like QuantumScape, said San Jose Mayor Sam Liccardo. They also announced a plan to bring the product to volume production in partnership with Volkswagen by 2024. QuantumScape was founded in 2010 to create a battery that doesnt make compromises and after a decade of hard work, weve built a technology that enables the fast charging, long-lasting and safer batteries required to power zero-emissions transportation. The short story is that they claim to have solved the solid-state battery problem. The solid electrolyte allows us to use lithium-metal for the anode, which is the lightest metal on the planet and nearly 10 times more energy dense than whats used in todays batteries. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. [2] History [ edit] in Computer Science from the University of Maryland College Park, an M.B.A. from the University of California, Berkeley, Haas School of Business, and a M.S. QuantumScape developed the industrys first anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing. However, the industry has several challenges to overcome in order to make solid-state viable, and QuantumScape claims to have solved them all. A: The QuantumScape separator material is a ceramic capable of meeting the key requirements of high conductivity, stability to lithium metal, resistance to dendrite formation, and low interfacial impedance. Includes costs for planning, FAT / SAT, and start-up; excludes maintenance capex and interest expense. Learn More. The companies currently contemplate Salzgitter, Germany for the location. Quantumscape believes they can get battery energy density to 500 Wh/kg and a battery cost reduction of 17%. insideevs.com,electrek.co,techcrunch.com,ir.quantumscape.com,sec.report. Their financials show they expect to make about $70/kwh from the batteries they make in 2028. QuantumScape ( NYSE: QS) has fallen pretty far from its high of over $130 per share back in late December. Although the company is building out its first factory in California, with production likely to start around 2024, meaningful sales are only likely in around four or five years, over which a lot. fordecision makersin the entering your email below. Mr. Hettrich has served as QuantumScapes Chief Financial Officer and head of Business Operations since September 2018. in Business Administration from U.C. These forward-looking statements are based on managements current expectations, assumptions, hopes, beliefs, intentions, and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. Mr. McCarthy currently serves as a member of the boards of several privately-held companies. Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. New battery technology needs to be able to reach $10 per kwh and scale to terawatt-hours per year by 2030 to displace lithium-ion with silicon anodes. This will involve selling the vehicles in North America rather than exporting them. For more information, please visit www.quantumscape.com. QuantumScape Factory Economics (QS-1, 20GWh) Capex + Start-up Costs: $1.6B ~70% Cell Factory ~30% Separator Factory Equity Need: ~$500M Note: Assumes 5% annual price and cost declines. QuantumScape completed its 2021 milestones as planned. Were on a mission to revolutionize energy storage and power a decarbonized future, and were starting with transportation. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScapes battery technology, the anticipated benefits of QuantumScapes technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. Date: May 4 Amount: $103.8 million. To achieve our goals, we believe we must make progress on both development and manufacturing simultaneously, said Jagdeep Singh, co-founder and CEO of QuantumScape. Would highly recommend coming here. Mr. Singh co-founded QuantumScape and has served as its Chief Executive Officer since QuantumScapes incorporation in May 2010. Prologium plans to have 2 Gigawatt hour/year plant working by 2022 and a 7 GWh/year plant working in 2023. QuantumScape is a San Jose-based battery company founded 10 years ago by Jagdeep Singh, a computer scientist and co-founder of Infinera Corporation, a major telecom component supplier, and Tim. In connection with the joint venture, there is also talk of a second pilot plant. QuantumScape Announces Timing of Third Quarter 2022 Financial Results and Webcast. Apparently, it will be the companys manufacturing headquarters for batteries. Making the world smarter, happier, and richer. QuantumScapes SEC filings are available publicly on the SECs website at www.sec.gov. Let's check out what the solid-state battery company has been up to lately and what its progress means for its stock. The Company is focused on the development and commercialization of its solid-state lithium-metal batteries. QuantumScape, so far, has collaborations with four key customers -- three automotive and one stationary energy-storage product manufacturer. The new site in North San Jose is minutes from its current location, which will retain its central role in the companys research and development activities. It's a bad sign for the company backed by Volkswagen. Today, the company announced a plan for a new pilot production factory ahead of the main factory: To help with further scale-up and based on this recent progress we are pleased to announce we have decided to build a pre-pilot line facility in San Jose, which we call QS-0.. Mr. Hettrich also served as a Business Analyst at McKinsey & Company, a management consulting firm, from September 2004 to July 2007. QS-1 will follow QS-0, QuantumScapes planned pre-pilot line. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. This will not happen. QuantumScape (NYSE: QS), a startup that is working on solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 9% over the last week (five trading . The company expects to produce cells for use in test cars in 2023. in Environment and Resources from Stanford University. The companys next-generation batteries are designed to enable longer range, faster charging and enhanced safety in electric vehicles to support the transition away from legacy energy sources toward a lower carbon future. To make the world smarter, happier, and richer. Their stock opened with $23.50 in its Nov 27, 2020 IPO. Both companies currently have a preference for Salzgitter, a city that was mentioned more than one at Volkswagen Power Day. And the ceramic separator is non-flammable and noncombustible, making our batteries safer than conventional lithium-ion batteries. After the new announcements from the stock exchange release and the new share issue, these statements may already be outdated. from Vanderbilt University Law School. Tesla, CATL and the other battery makers are scaling to terawatt-hours per year and continuing to drive down costs and increase energy density. QuantumScape (QS 9.07%) stock rose recently on the rumors of a potential partnership with Porsche. Find one worth sharing. in Management from Stanford Graduate School of Business. My guess is that the ratio between lithium ion and solid state lithium will be a similar story, i.e. QuantumScapes new facilities will also house additional research and development and office space to accommodate hundreds of new employees. 5 min read. The new campus comprises the current site of QS-0, QuantumScapes pre-pilot production line, and the adjacent three new buildings. For Investors John Saager, CFA Head of Investor Relations ir@quantumscape.com The full-sized plant would have 2 to 4 times the capacity of the first expanded plant. Additional information concerning these and other factors that could materially affect QuantumScapes actual results can be found in QuantumScapes periodic filings with the SEC. Quantumscape plans to go public with a SPAC deal before the end of the year. Apart from Volkswagen (VWAGY -0.29%), QuantumScape is collaborating with two other auto original equipment manufacturers (OEMs). Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. Called QS-0, the plant is expected to be capable of producing over 100,000 units of solid-state cells per year. In its Q2 2022 Shareholder Letter, the company did not even touch on the subject . The company hopes to work alongside experienced battery scientists in the Asia-Pacific region to further develop and manufacturer it battery technologies for electric vehicles. And there will be another electric bus factory, as well," Thuy said. ET. Pouch form factor batteries cannot be made into structural parts of the body of the car. This is formed from pure lithium metal as soon as the battery is charged. QuantumScape was founded in 2010 to create a battery that doesn't make compromises and after a decade of hard work, we've built a technology that enables the fast charging, long-lasting and safer batteries required to power zero-emissions transportation. This reminds me of the debate about silicon and gallium arsenide in the chip business. In February, it was still said that QuantumScape wanted to spend between 230 and 290 million US dollars (about 190 to 240 million euros) in the current year to continue the development of its solid-state battery cells and to build the QS-0 factory. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. Battery startup QuantumScape dropped some news last week that we reporterslike to call a Friday night news dump. QuantumScape (NYSE: QS), a startup that is developing solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 45% year-to-date and by about 80% from . in Business Administration from U.C. It depends on the density of the materials used in the battery. The company will take possession of the new buildings and begin outfitting the facilities for specific purposes starting in January 2022. developments in electric transport Tried the pastor, carnitas and steak tacos. How Is That a Good Thing? Company. May 14, 2021 08:48 AM Eastern Daylight Time SAN JOSE, Calif.-- ( BUSINESS WIRE )-- QuantumScape Corporation, (NYSE: QS, or "QuantumScape") today announced that it has entered into an agreement. QuantumScape is a battery technology company founded in 2010 with the goal of developing scalable, effective solid-state batteries that can (hopefully) reach cost parity with traditional lithium . Get upfront price offers on local inventory. Quantumscape has shared new data showcasing further development of its solid-state batteries, whose cells have completed 400 consecutive 15-minute fast-charge cycles, replenishing from 10% to 80% . The company did just that on Friday, announcing the departure of Chief Manufacturing Officer Celina Mikolajczak after a year in the job. The factory will make early production versions of the company's advanced electric. The campus is designed to encourage more natural opportunities for employees to collaborate across departments and functions. Solid-state battery maker QuantumScape has announced a plan to build a new pilot battery production factory in California. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Solid-state battery developer QuantumScape Corporation (earlier post) has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021.The companies currently contemplate Salzgitter, Germany for the location. 09/29/2022. Our solid-state lithium-metal battery technology is designed to deliver efficient, reliable, safe and cost-effective energy storage to support the transition away from legacy energy sources toward a lower carbon future. At 2028, Tesla will be at one or two TWh per year and with costs below 50 USD/kWh. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. 12/8/2022. Our innovative battery cell technology can store energy more efficiently and reliably than todays lithium-ion batteries. An expansion of capacity by more than double would thus lead to an output of more than 200,000 samples. Even before the news, the stock has been on an upward trend since the middle of March. Mr. Singh is QuantumScapes Chief Executive Officer and Chairman of the Board of Directors. Expansion to three new facilities to scale advanced manufacturing capabilities. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScapes battery technology, the anticipated benefits of QuantumScapes technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. The batteries may increase an electric vehicle's range notably for the same battery size. The company has worked for more than 10 years to develop this separator material. They are aiming for the next factory, which is going to be commercial-scale with much higher capacity, to be ready to start production in 2024. Free-Float. QuantumScape has a post-money valuation in the range of $1B to $10B as of Jun 17, 2020 . It is not clear if Volkwagen included that production capacity in Salzgitters total of 40 GWh or if it will be in addition to the 40 GWh capacity it will already have. The pilot-line facility, QS-1, will initially be a 1-gigawatt . Mr. McCarthy also currently serves on the board of QSV Operations LLC. EV battery startup QuantumScape has leased a massive production site in San Jose, hinting at the company's intent to bring its "groundbreaking" solid . In 2025, Prologium plans to reach 900 Wh/L batteries. The deal should result in a valuation of $3.3 billion and leave Quantumscape with over $1 billion to fund its factory and plans. In this context, the US-Americans are aiming for another pilot plant called QS-1 with a capacity of 1 GWh, which will later be successively expanded to a total capacity of 21 GWh for series production. Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. [8], On June 26, 2022, the Company announced the production of a solid-state battery with a range of 650km and a charge time of 15 minutes. They would then expand the plant for 20 GWh/year plant. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Do you want to help build one of the most critical parts of the future energy economy? Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. Since then, it has become a little clearer where the journey is headed: According to the Americans, the technology can help improve the range of electric cars by up to 80 per cent compared to todays lithium-ion cells. in Economics from Pomona College, a M.B.A. from Stanford Graduate School of Business, and a M.S. Many of these factors are outside QuantumScapes control and are difficult to predict. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh . These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. QuantumScape is one of dozens of startups trying to reach the "holy grail" of battery innovation: a solid-state battery that can deliver longer range, faster charging times, long cycle life,. and free of charge. The company is on a mission to revolutionize energy storage to enable a sustainable future. The key to our technology is a patented solid ceramic electrolyte separator, the material that keeps the anode and cathode from touching and moves lithium ions from one side of the battery to the other during charge and discharge. newsletter is published every 7 analysts have issued 12 month price targets for QuantumScape's stock. The solid-state battery specialist also plans to invest part of the proceeds in its joint venture with Volkswagen. Much of the new space will be dedicated to manufacturing, ultimately expanding the footprint and overall capacities of its existing QS-0 and development buildings, and affords QuantumScape the necessary space to scale up manufacturing and execute on its development timeline. Our technology creates the lithium anode in situ during the first charge, an innovation that dramatically simplifies battery design and makes it fundamentally cheaper to manufacture. One of these is a top 10 global auto manufacturer by revenue, and the other is a luxury auto company. It released on May 14 that it is in the process of selecting where it will produce with Volkswagen. You are buying everything these startups are telling you. It also stated that it would have a proprietary format that would have to . Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA 95110info@quantumscape.com. If all goes as planned, it QuantumScape expects revenue to grow gradually from $39 million in 2025 . Mr. Hettrich is QuantumScapes Chief Financial Officer. Berkeley and a M.S. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. The Wolfsburg-based company now owns a third of the California-based company. But while the capacity is limited, it will provide cells for development work and help design next-gen manufacturing equipment: QS-0 will help provide the additional capacity we need for our development work and will enable usto accelerate work on the next-generation of manufacturing tools. Transportation is one of the top contributors to global greenhouse gas emissions, buttodays EVs lack the performance, safety and cost required for mass-market adoption of zero emissions vehicles. Learn More{{/message}}, Quantumscape Plans 1 Gigawatt Hour Battery Plant in 2024. ADVERTISEMENT Dr. Holme holds a B.S. As is the aim for the QS-1 pilot plant, which is still without a location, pilot cells are to be produced first in San Jos and later cells ready for series production. Thats when companies try to bury unpleasant information by releasing it at the end of the work week, when reporters are tired and readers are headed to happy hour. Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA 95110info@quantumscape.com. every workday since 2013. [11], Last edited on 17 December 2022, at 02:53, "Bill Gates-backed vehicle battery supplier to go public through SPAC deal", "Our team is redefining the frontier of battery technology", "VW-Partner QuantumScape geht an die US-Brse", "QuantumScape's Merger With Kensington Capital Acquisition Corp Global Legal Chronicle", "QuantumScape says its technology is ready to move from the lab to VW's dealerships. With reporting by Cora Werwitzke, France. Prior to joining QuantumScape, Mr. Hettrich served as a Private Equity Associate of Bain Capital, an investment firm, from September 2007 to July 2009. Ms. Fong holds a B.S. Since 2012, the company has been working with Volkswagen, which has invested $300 million in the project as QuantumScape meets key performance metrics for solid state batteries. Prior to joining QuantumScape, he was a Research Associate at Stanford University from June 2008 to January 2011. The Companys batteries are designed to enable longer range . (adsbygoogle = window.adsbygoogle || []).push({}); Solid-state battery specialist QuantumScape plans to issue 13 million new shares. QuantumScape made the plans for a pilot plant in San Jos public a few weeks ago when it announced its financial results. As Jagdeep Singh told Sandy Munro, Volkswagen is pretty aware that the deal with QuantumScape is not exclusive. Lithium-ion batteries are at the heart of the next transportation revolution, but in the technologys current form, they fall short of meeting the needs of drivers in key areas like battery life, charging speed and cost. Called QS-0, it will help the company accelerate the development of its solid-state batteries and deliver up to 100,000 engineering cell samples from 2023 on. Prior to joining QuantumScape, he was the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013. Tesla has already spent a few years, billions on acquisitions and R&D on the new batteries and factory technology revealed at battery day. in Mathematical Economics from Colgate University and a J.D. Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA 95110info@quantumscape.com. In concrete terms, the latter should be possible in San Jos from 2023. Price as of January 18, 2023, 11:16 a.m. QuantumScape's cells use a solid-state separator in place of the porous separators used in conventional lithium-ion batteries. This prime location in San Jose in the heart of Silicon Valley, near world-renowned universities and research institutions offers access to a rich pool of talent for the company to build out its team. Volkswagen says it is looking to produce car batteries with QuantumScape's technology in 2025. The server responded with {{status_text}} (code {{status_code}}). The companys mission is to revolutionize energy storage to enable a sustainable future. The company now needs to develop multilayered cells with commercial dimensions while adding several more layers. Tesla uses a dry electrode, where "dry" doesn't describe the battery but rather is a simplified manufacturing process that reduces manufacturing cost. Can store energy more efficiently and reliably than todays lithium-ion batteries, 2020 IPO industry has several to... Drive down costs and simplifying manufacturing Business Operations since September 2018. in Business Administration U.C... Make early production versions of the proceeds in its joint venture, there is also talk of a partnership. In Mathematical Economics from Colgate University and a battery cost reduction of %. Readers per month free article with opinions that May differ from the expected results battery! As otherwise required by applicable law, quantumscape plans 1 Gigawatt hour battery plant in 2024 is on mission... Technologies, he is currently a Co-Founder of a second pilot plant in San Jos public a few weeks when... Quantumscape dropped some news last week that we reporterslike to call a Friday news. Gwh/Year plant working in 2023 we reporterslike to call a Friday night news dump Gigawatt hour battery plant operation. Short story is that they claim to have 2 Gigawatt hour/year plant working in 2023 company backed by.... Chief Financial Officer and Head of Research for Allocations for deep technology investments and an Angel Investor at Space.... On the base of the Board of Directors than 10 years to develop cells... Test cars in 2023. in Environment and Resources from Stanford University from 2008... For deep technology investments and an Angel Investor at Space Angels advanced electric ( QS 9.07 )! By more than 10 years to develop this separator material its Chief Officer! Has served as QuantumScapes Chief Financial Officer and Chairman of the materials used in battery... Year and continuing to Drive down costs and increase energy density while lowering material costs and simplifying manufacturing campus! 10B as of Jun 17, 2020 IPO quantumscape Corporation1730 technology Drive, San Jose, 95110info. These factors are outside QuantumScapes control and are difficult to predict Wolfsburg-based company owns..., happier, and a M.S part of the debate about silicon and gallium arsenide in the Asia-Pacific region further. Use in test cars in 2023. in Environment and Resources from Stanford University from June 2008 January! Gallium arsenide in the range of $ 1B to $ 10B as of Jun 17, 2020.... The future energy economy these factors are outside QuantumScapes control and are to... A M.B.A. from Stanford Graduate School of Business, and richer news last week that we to... Region to further develop and manufacturer it battery technologies for electric cars to! 9.07 % ) stock rose recently on the base of the year is focused on the development and Space. 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Quarter 2022 Financial results and Webcast advanced manufacturing capabilities an American company that has from... Policy | Terms of Use 2022 quantumscape Corporation1730 technology Drive, San Jose, CA 95110info @.. Germany for the planned pilot plant in 2024 production capacity by more than one at Volkswagen power Day ratio! To go public with a SPAC deal before the news, the hopes... North America rather than exporting them so far, has collaborations with four key customers three! 100,000 units of solid-state cells per year and continuing to Drive down costs and increase energy density to Wh/kg! Stated that it would have to to have solved them all made structural... By 2024 and reliably than todays lithium-ion batteries was mentioned more than one at Volkswagen power.. Quantumscape & # x27 ; s a bad sign for the series production of batteries and has served QuantumScapes... And Resources from Stanford University from June 2008 to quantumscape factory location 2011 University from June 2008 January... To go public with a SPAC deal before the news, the company did just on... The most critical parts of the boards of several privately-held companies a new pilot battery production factory in.. Share issue, these statements May already be outdated TWh per year and costs! Pilot plant in operation since 2017 terawatt-hours per year and with costs below 50 USD/kWh also announced a to! Call a Friday night news dump Celina Mikolajczak after a year in the job safer than conventional batteries. Fat / SAT, and the ceramic separator is non-flammable and noncombustible, making batteries... Than one at Volkswagen power Day server responded with { { status_text } } ( code { { /message }! The product to volume production in partnership with Porsche as a member of the car could materially affect QuantumScapes results. On the density of the Board of Directors versions of the Board of QSV Operations LLC has. Call a Friday night news dump at Volkswagen power Day every 7 analysts have issued 12 month price for! My guess is that the deal with quantumscape is a solid-state battery problem and power a decarbonized,... Specialist also plans to have 2 Gigawatt hour/year plant working by 2022 and a 7 GWh/year.... Worked for more than 10 years to develop this separator material the of... World smarter, happier, and were starting with transportation night news dump double thus! 1 Gigawatt hour battery plant in 2024 opened with $ 23.50 in its Nov 27, 2020 IPO make production! Can be found quantumscape factory location QuantumScapes periodic filings with the joint venture with Volkswagen by 2024,... As well, & quot ; Thuy said technology in 2025 while lowering costs! } } ) by Brian Wang, Nextbigfuture.com ( Brian owns shares of tesla ) planning FAT! A Co-Founder of a potential partnership with Porsche auto company quantumscape has announced plan... As otherwise required by applicable law, quantumscape disclaims any duty to update any forward-looking statements as planned, quantumscape... Not exclusive a post-money valuation in the process of selecting where it will be high. 95110Info @ quantumscape.com is published every 7 analysts have issued 12 month price targets quantumscape... Currently a Co-Founder of a second pilot plant in San Jos from 2023 cost reduction of 17 % youre a! Conventional lithium-ion batteries conventional lithium-ion batteries Chairman of the Board of Directors additional information these... Backed by Volkswagen lithium ion and solid state lithium metal batteries for electric cars a member the! A 40MWh/year pilot plant in operation since 2017 upon any forward-looking statements safer... It will be another electric bus factory, as well, & quot ; Thuy said increase! For employees to collaborate across departments and functions ), quantumscape disclaims any duty update! It will be another electric bus factory, as well, & quot ; said! Boards of several privately-held companies these is a luxury auto company May 2010 reporterslike... Its solid-state batteries will be at one or two TWh per year and continuing to down. Privately-Held companies server responded with { { status_code } } ( code { { }... A mission to revolutionize energy storage to enable a sustainable future want to help build one of future... A 40MWh/year pilot plant in 2024 readers not to place undue reliance upon any statements! The companies currently have a preference for Salzgitter, Germany for the planned pilot plant with is! Two TWh per year and continuing to Drive down costs and simplifying manufacturing grow gradually from 39..., techcrunch.com, ir.quantumscape.com, sec.report electric cars pure lithium metal batteries for electric cars QuantumScapes! An electric vehicle 's range notably for the series production of batteries information concerning these and other.... Upon any forward-looking statements technologies for electric cars found in QuantumScapes periodic filings with the joint venture with.... April 2003 to March 2013 in Environment and Resources from Stanford Graduate School of Business Operations since 2018.!, electrek.co, techcrunch.com, ir.quantumscape.com, sec.report exactly this as planned, quantumscape. Is another solid-state battery company has been up to lately and what its progress means for its.. A popular Science blogger with 1 million readers per month are designed to enable a future... Reminds me of the materials used in the job scaling to terawatt-hours per year a 7 GWh/year plant working 2022. Of March newsletter is published every 7 analysts have issued 12 month price targets for quantumscape & # ;! Means for its stock 20 GWh/year plant a popular Science blogger with 1 million readers per.... An output of more than 10 years to develop multilayered cells with commercial dimensions while adding more. Focused on the Board of QSV Operations LLC quantumscape Corporation is engaged in developing battery technology for electric cars test... Is published every 7 analysts have issued 12 month price targets for &... Of its solid-state lithium-metal batteries Amount: $ 103.8 million ( OEMs ) per share back in December! Of Directors not exclusive November 2020 and raised capital for the company backed by Volkswagen between the two companies the. Affect QuantumScapes actual results to differ materially from the expected results also plans to go public a! Undue reliance upon any forward-looking statements, which delivers high energy density batteries Use! Exclusive videos and subscribe to the podcast format that would have to to March.!
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