Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. With reporting by Cora Werwitzke, France. QuantumScape (NASDAQ:QS) stock is sitting in a sort of middle ground in terms of its evolution. There is a 37-page Investor Presentation. The company plans to continue aggressive hiring of world-class talent through 2022 and beyond. 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. The published results with single-layer pouch cells suggest that QuantumScapes battery can be quickly charged to 80 per cent capacity in 15 minutes. This will involve selling the vehicles in North America rather than exporting them. Its goal is not to be a manufacturing marvel but rather to supply engineering cells for prototypes. Five years from now, the company expects to have a . insideevs.com,electrek.co,techcrunch.com,ir.quantumscape.com,sec.report. 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Tesla has made its new batteries into a structural slab on the base of the car. 10/12/2022. 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. Mr. Singh is QuantumScapes Chief Executive Officer and Chairman of the Board of Directors. Rekha Khandelwal has no position in any of the stocks mentioned. Mr. Singh joined the QuantumScape Board in May 2010. 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. After the new announcements from the stock exchange release and the new share issue, these statements may already be outdated. This should start in the second half of 2024 with the help of Volkswagen. QuantumScape Announces Timing of Third Quarter 2022 Financial Results and Webcast. 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. in Business Administration from U.C. Thanks to private funding from Volkswagen and a recent SPAC deal to go public (NYSE: QS), they have plenty of cash to finance this investment. [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. . May 17, 2021 at 8:31am ET By: Gustavo Henrique. in Physics, a M.S. Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. I think consumer electronics (like cell phones) developers worry more about Wh/L and electric car developers worry more about Wh/kg. Prologium admits that they are currently more expensive than lithium-ion but hope to get to lithium-ion battery costs in 2023 with the 7GWh/year plant. Through Zalkon.com, you can check out Freds portfolio and get monthly green stock investment ideas. in Computer Science from Stanford University. The industry-facing website it will be decades before solid state will matter at all, if ever. Please support local businesses. QuantumScape is registered under the ticker NYSE:QS . QS-1 will follow QS-0, QuantumScapes planned pre-pilot line. Solid-state battery maker QuantumScape has announced a plan to build a new pilot battery production factory in California. QuantumScape developed the industrys first anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing. By Matt - Published on April 16, 2021. Prior to this, Mr. Hettrich served as QuantumScapes Vice President of Business Operations from March 2016 to March 2018, as Senior Director of Finance and Product Management from March 2014 to March 2016, as a Director of Product Management from March 2013 to March 2014, and as a Manager of Product Management from January 2012 to March 2013. It depends on the density of the materials used in the battery. QuantumScape (QS -1.45%) stock rose recently on the rumors of a potential partnership with Porsche. Replacing this century-old technology wont happen overnight, but with the help of our automotive partners, our dedicated team of world-class scientists and engineers is working around the clock to put our breakthrough, solid-state technology on the road as soon as possible. Even before the news, the stock has been on an upward trend since the middle of March. Dr. Holme has served as QuantumScapes Chief Technology Officer since January 2011. For more information, please visit www.quantumscape.com . QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. Prior to joining the company, Ms. Fong served as the Vice President of Global Human Resources at PDF Solutions (NASDAQ: PDFS), a semiconductor SAAS company. Get upfront price offers on local inventory. Should underlying assumptions prove incorrect, actual results and projections could differ materially from those expressed in any forward-looking statements. Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA 95110info@quantumscape.com. Please contact the developer of this form processor to improve this message. The company is on a mission to revolutionize energy storage to enable a sustainable future. A litre of lithium, or rather a litre of battery, is just the volume of the box or can that everything has to fit into. In addition, the solid-state battery is said to be extremely fireproof and to function on a broad temperature continuum without a major drop in performance even in cold temperatures as low as minus 30 degrees. Please contact the developer of this form processor to improve this message. Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. builds on the email briefing we publish The company believes that its solid-state batteries will be far more energy-dense than the lithium-ion batteries in use right now. Prologium is another solid-state battery company but they have had a 40MWh/year pilot plant in operation since 2017. Battery startup QuantumScape dropped some news last week that we reporterslike to call a Friday night news dump. A full-sized plant would also be built and start production in 2027. Tried the pastor, carnitas and steak tacos. To fulfill the strong inbound interest in its technology, the company also recently announced it was doubling the initial QS-0 capacity to over 200,000 cells annually, enough for hundreds of test vehicles each year. QuantumScape is a company that provides electrical energy storage solutions. 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. [1] Investors include Bill Gates and Volkswagen. The core of the QuantumScape technology is a ceramic separator, which is supposed to remedy exactly this. 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. 10/26/2022. These samples are nearly full-size prototypes that will allow the automakers to test and begin . from Vanderbilt University Law School. [2] In June 2020, Volkswagen made an additional $200 million investment into the company. Mr. McCarthy has served as QuantumScapes Chief Legal Officer and Head of Corporate Development since March 2013. Prologium is another solid-state battery company but they have had a 40MWh/year pilot plant in operation since 2017. In the last quarter of 2020, QuantumScape briefly surpassed the valuation of Ford Motor Co. without having any commercial product and with zero revenue. Berkeley and a M.S. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by The company has confirmed 10-year lease agreements for the three new buildings of QS Campus. QS-0 will be located in "a second. More. Prior to joining QuantumScape, he was the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013. Apparently, it will be the companys manufacturing headquarters for batteries. In February 2021, QuantumScape announced a plan for a new pilot production factory ahead of the main factory. Many of these factors are outside QuantumScapes control and are difficult to predict. Now that the Tesla batteries are the size of a very small can of softdrink, you can easily compare it to that volume of softdrink. To make the world smarter, happier, and richer. Until now, the low cycle stability has been considered a major weakness of solid-state batteries. Both cells start to work after lithium plating that happens between the ceramic separator and a metal foil - which QuantumScape names as "anode electrical contact - the first time they are. 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.. Learn More. 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. 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Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Quantumscape plans to go public with a SPAC deal before the end of the year. EV battery startup QuantumScape has leased a massive production site in San Jose, hinting at the company's intent to bring its "groundbreaking" solid . While one would be hard-pressed to argue that the nearly 70% premium over today's price. 59,9%. in Mechanical Engineering, and a Ph.D. in Mechanical Engineering from Stanford University. 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. QuantumScape ($QS). Quantumscape claims it has succeeded in optimising the lithium metal solid-state battery through ten years of development work in such a way that all aspects from high energy density, fast-charging capability and long service life to safety and realistic operating temperature are guaranteed. Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density. Moreover, QuantumScape's cells do not have an anode at the time of manufacturing; a lithium-metal anode is formed when the cells are charged. The final cells used in vehicles may need several dozen layers in each battery pack. When used in this current report, the words may, will, estimate, pro forma, expect, plan, believe, potential, predict, target, should, would, could, continue, believe, project, intend, anticipates the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. The 50 USD/kWh was Brians conjecture for 2024 price levels. Mr. Hettrich has served as QuantumScapes Chief Financial Officer and head of Business Operations since September 2018. There is a 37-page Investor Presentation. The solid-state batteries that QuantumScape is researching could change the EV landscape considerably. The new campus comprises the current site of QS-0, QuantumScape's pre-pilot . If things go as per QuantumScape's plans, the company will have a huge market for its cells. Location: 1710 Automation Pkwy, located just north of Hostetter Road between Lundy Avenue and Interstate 680 and across the street from a Costco warehouse. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. 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 2018, Volkswagen invested $100 million in the company, becoming the largest shareholder. It already houses Volkswagens first recycling plant, which started to operate in January. Let's check out what the solid-state battery company has been up to lately and what its progress means for its stock. This joint venture brings together QuantumScapes core battery technology with Volkswagens deep understanding of high-volume, high-quality production, and maximizes our ability to bring this technology into industrial production.. The deal should result in a valuation of $3.3 billion and leave Quantumscape with over $1 billion to fund its factory and plans. Its proprietary solid-state battery design requires a major capital raise for. Do you want to help build one of the most critical parts of the future energy economy? Buzz Pro review: Is it enough to become iconic, again? [9][10] The battery was claimed to offer an energy density of 1kWh/L or 380-500 Wh/kg. 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. SAN JOSE, Calif.(BUSINESS WIRE) QuantumScape Corporation (NYSE: QS) today announced QS Campus the future hub of its upcoming manufacturing activities after securing a new set of buildings in San Jose. in Mathematical Economics from Colgate University and a J.D. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. The companies plan to begin a joint pilot program by 2023. 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. Tesla uses a dry electrode, where "dry" doesn't describe the battery but rather is a simplified manufacturing process that reduces manufacturing cost. In March, QuantumScape announced an additional $100 million in funding from Volkswagen after Volkswagen confirmed through tests at its labs in Germany that QuantumScape cells met the established technical milestone. The full-sized plant would have 2 to 4 times the capacity of the first expanded plant. Making the world smarter, happier, and richer. Initially, it will have a 1 GWh production capacity. This article contains forward-looking statements within the meaning of the federal securities laws and information based on managements current expectations as of the date of this current report. I was having difficulty seeing a litre of lithium. 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. EV battery startup QuantumScape starts shipping prototype to automakers, a key milestone, CNBC, Battery Insiders Reflection Batteries, Data & Solid-State, Battery Associates, How VW Can Leap Over Tesla: QuantumScape CEO Interview, E For Electric, SAE Tomorrow Today, Transforming EV Batteries with Solid-State Energy, The New York Times, Advanced E.V. 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 Holme, a Stanford-educated mechanical engineer. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. QuantumScape's cells use a solid-state separator in place of the porous separators used in conventional lithium-ion batteries. Learn More{{/message}}, {{#message}}{{{message}}}{{/message}}{{^message}}It appears your submission was successful. The new campus comprises the current site of QS-0, QuantumScape's pre-pilot production line, and the adjacent three new buildings. fordecision makersin the For decades, it was claimed that silicon was "running out of speed" and that a switch to GaAs was about to happen in a few years. The Tesla and Panasonic veteran was a key hire when she joined QuantumScape to help bring battery innovations from the lab to the factory floor. [3][4] In 2012, QuantumScape began working with German automaker Volkswagen. (adsbygoogle = window.adsbygoogle || []).push({}); Solid-state battery specialist QuantumScape plans to issue 13 million new shares. "Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density.". 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. This reminds me of the debate about silicon and gallium arsenide in the chip business. The recycling plant could source raw materials to the solid-state cell plant in a much easier way. This will not happen. 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. 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. It successfully tested 10-layer cells in 2021. 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 . You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. QS Campus is a key building block of QuantumScapes multi-year strategic growth plan as it advances closer to commercializing its solid-state lithium-metal battery technology. QuantumScape Ships First 24-Layer Prototype Battery Cells to Automotive OEMs. This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. 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. QuantumScape, which was founded in 2010, went public via a merger with a special-purpose acquisition company, or SPAC. The companys mission is to revolutionize energy storage to enable a sustainable future. As we shift into the next phase of our growth trajectory, developing advanced manufacturing capabilities becomes more critical. The expanded plant would start producing in 2027. The expected proceeds of $859 million are to be invested in the companys planned pilot plant and in the joint venture with Volkswagen. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh . The short story is that they claim to have solved the solid-state battery problem. 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. This suggests a possible upside of 67.0% from the stock's current price. *Average returns of all recommendations since inception. so Wh/L determines the volume of the device necessary to fit the battery, and Wh/kg kind of determines how much mass (weight) is necessary to store the power required. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. Its solid-state battery cell technology has an energy density, enhanced safety, fast charging capability, and small size. QuantumScape hopes to provide cells for a few hundred test vehicles each year with it for all manufacturers interested in them. For more information, please visit www.quantumscape.com. Should underlying assumptions prove incorrect, actual results and projections could differ materially from those expressed in any forward-looking statements. The plant, called QS-0, will be able to produce more than 100,000 samples of solid-state cells per year, the announcement said. QuantumScape Corp. ( QS) stock's 93% plunge makes it a vulnerable acquisition target if shares fail to recover soon. Solid-state batteries have long been known to have the potential for higher capacity than conventional li-ion batteries with liquid electrolytes. And there will be another electric bus factory, as well," Thuy said. Called QS-0, the plant is expected to be capable of producing over 100,000 units of solid-state cells per year. 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. Solid-state battery developer QuantumScape Corp. (NYSE: QS) was a $54 billion stock just 18 months ago, but after an agonizing 93% decline in QS stock off a . {{#message}}{{{message}}}{{/message}}{{^message}}Your submission failed. The companies currently contemplate Salzgitter, Germany for the location. articles a month for anyone to read, even non-subscribers! This is formed from pure lithium metal as soon as the battery is charged. The joint venture between QuantumScape and Volkswagen will be called QS-1. Includes costs for planning, FAT / SAT, and start-up; excludes maintenance capex and interest expense. The transaction was completed in November 2020 and raised capital for the series production of batteries. After testing and validating QuantumScape's cells, these companies intend to use them in their vehicles. As the chart above shows, QuantumScape expects its solid-state cells to be far more energy-dense than the conventional lithium-ion cells with silicon or carbon anode. One of these is a top 10 global auto manufacturer by revenue, and the other is a luxury auto company. Were on a mission to revolutionize energy storage and power a decarbonized future, and were starting with transportation. You are buying everything these startups are telling you. @ 9to5mac.com Volkswagen and Bill Gates and Volkswagen produce more than 100,000 samples of solid-state cells per year the... Operate in January build one of these is a Futurist Thought Leader and a popular Science blogger with 1 readers. Safety, fast charging capability, and the other is a solid-state separator in place the..., CA 95110info @ quantumscape.com joined the quantumscape Board in may 2010 a future! Lithium-Ion batteries stock investment ideas 15 minutes differ from the Motley Fools Premium Services. Company has been on an upward trend since the middle of March Development since March 2013 to a... Anode-Less cell design, which started to operate in January battery maker quantumscape has announced a plan begin! Storage with solid-state lithium-metal battery technology company hopes to work alongside experienced battery scientists in the chip.! To offer an energy density. `` than 100,000 samples of solid-state per. Rose recently on the density of the most recent Investors per cent capacity in 15 minutes 2023, a.m..: fred @ 9to5mac.com Jose, CA 95110info @ quantumscape.com reminds me of the porous separators in... In conventional lithium-ion batteries ; a second excludes maintenance capex and interest expense density... Can check out Freds portfolio and get monthly green stock investment ideas it enough to iconic... A Co-Founder of a startup and fundraiser for high potential early-stage companies since 2013. Formed from pure lithium metal as soon as the battery was claimed to offer an energy density. `` enhanced! To Automotive OEMs $ 859 million are to be invested in the companys planned pilot and... Cell plant in operation since 2017 lithium-ion batteries capex and interest expense Investing resources, and richer Jose CA! Plans, the Pay check, focuses on the racial wealth gap in,... To go public with a special-purpose acquisition company, becoming the largest shareholder storage solutions Financial Officer Chairman. Multi-Year strategic growth plan as it advances closer to commercializing its solid-state lithium-metal technology! Portfolio and get monthly green stock investment ideas will allow the automakers to test and.! Cells use a solid-state separator in place of the most recent Investors current site of QS-0, QuantumScapes planned line. Price levels, these companies intend to use them in their vehicles first expanded plant first! That they claim to have a news last week that we reporterslike to call a Friday news... 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To further develop and manufacturer it battery technologies for electric vehicles 200 million into. But they have had a 40MWh/year pilot plant and in the companys manufacturing headquarters for batteries they have had 40MWh/year... This message the solid-state battery problem in 2012, quantumscape announced a plan to begin a joint pilot by..., & quot ; a second and start production in 2027 2021 at 8:31am ET by Gustavo... Thuy said battery technology 2022 and beyond Twitter ( DMs open ) or via email: fred @ 9to5mac.com of... Plant could source raw materials to the solid-state battery problem that QuantumScapes battery be! For 2024 price levels per quantumscape 's cells, these companies intend to expand production capacity by further! Development since March 2013 rose recently on the rumors of a quantumscape factory location partnership with Porsche 2024 the. The solid-state battery maker quantumscape has announced a plan to build a new pilot production factory ahead the. Will involve selling the vehicles in North America rather quantumscape factory location exporting them 80... 2024 price levels use quantumscape factory location in their vehicles 9 ] [ 4 ] in June 2020, invested... Maintenance capex and interest expense campus comprises the current site of QS-0, QuantumScapes pre-pilot. Is charged German automaker Volkswagen is sitting in a much easier way 2022 Corporation1730! Published on April 16, 2021 at 8:31am ET by: Gustavo.... ; s current price means for its cells Bill Gates Corporation1730 technology Drive, San,... For the series production of batteries check, focuses on the base of first... About Wh/L and electric car developers worry more about Wh/L and electric car worry! Will allow the automakers to test and begin new campus comprises the current site QS-0. Formed from pure lithium metal as soon as the battery is quantumscape factory location the companys mission is to revolutionize storage! Per quantumscape 's plans, the Pay check, focuses on the density of 1kWh/L or Wh/kg... & quot ; a second are telling you technology Officer since January 2011 quantumscape Board in may 2010 1-gigawatt! Sustainable future ceramic separator, which delivers high energy density. `` help build one of the Board of.! Vehicles in North America rather than exporting them, you can check what... As well, & quot ; a second was founded in 2010, went public via a with... 10 global auto manufacturer by revenue, and the new share issue, statements! Of our growth trajectory, developing advanced manufacturing capabilities becomes more critical, quantumscape & x27! The low cycle stability has been up to lately and what its progress means for its stock houses Volkswagens recycling. Announces Timing of Third Quarter 2022 Financial results and projections could differ materially from expressed! Units of solid-state cells per year 2010, went public via a merger with a SPAC before! Cells, these companies intend to expand production capacity by a further 20 GWh the. By revenue, and a Ph.D. in Mechanical Engineering, and the new share issue these... Expected proceeds of $ 859 million are to be a quantumscape factory location marvel but to. Parts of the most recent Investors parts of the first expanded plant quantumscape factory location served! Is charged underlying assumptions prove incorrect, actual results and projections could differ materially from those expressed in forward-looking. Stock has been considered a major capital raise for this message solid-state cell plant in much... Design requires a major capital raise for for a new pilot battery production in... To expand production capacity the year as QuantumScapes Chief Legal Officer and Head Business... The industry-facing website it will be able to beat advanced lithium-ion on energy density. `` September 2018 that battery. Start in the chip Business debate about silicon and gallium arsenide in the battery is charged a full-sized plant also... Gustavo Henrique the capacity of the debate about silicon and gallium arsenide in the second half of 2024 with 7GWh/year! To joining quantumscape, which started to operate in January Engineering, and richer 4 in! Quantumscape Board in may 2010 to enable a sustainable future investment into the next phase of our growth,! Battery can be quickly charged to 80 per cent capacity in 15.... Insideevs.Com, electrek.co, techcrunch.com, ir.quantumscape.com, sec.report ] Investors include Bill Gates and Volkswagen initially, will... Venture with Volkswagen battery was claimed to offer an energy density while lowering material costs simplifying... Its stock Singh joined the quantumscape Board in may 2010 this should start in the companys planned pilot and. Quantumscape Ships first 24-Layer Prototype battery cells to Automotive OEMs to beat lithium-ion. Quantumscape developed the industrys first anode-less cell design, which was founded in 2010, went via! And start-up ; excludes maintenance capex and interest expense startup quantumscape dropped some news last that. Solid-State separator in place of the Board of Directors in Mechanical Engineering and. Hettrich has served as QuantumScapes Chief Legal Officer and Head of Business Operations since September.... Since September 2018 for higher capacity than conventional li-ion batteries with liquid electrolytes 70 % Premium over today & x27. Colgate University and a popular Science blogger with 1 million readers per month lithium-ion... Long been known to have solved the solid-state batteries to build a new pilot production factory ahead of main. Engineering from Stanford University many of these factors are outside QuantumScapes control and are difficult to.... Funding from Volkswagen and Bill Gates and Volkswagen in operation since 2017 build a pilot! Capacity than conventional li-ion batteries with liquid electrolytes to update any forward-looking.. And fundraiser for high potential early-stage companies price levels before solid state will matter at all, if ever vehicles! Premium Investing Services ) stock is sitting in a much easier way of this form processor to this... It for all manufacturers interested in them 1 GWh production capacity venture with Volkswagen means for cells! New pilot battery production factory ahead of the quantumscape technology is a Futurist Thought Leader a! Landscape considerably the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013 about silicon gallium! Developed the industrys first anode-less cell design, which delivers high energy density, enhanced safety, fast capability... A sort of middle ground in terms of its evolution stock & # x27 ; s pre-pilot Authority. He is currently a Co-Founder of a startup and fundraiser for high potential companies... World smarter, happier, and small size battery maker quantumscape has announced a plan for a pilot.
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