Volkswagen invests an additional $200 million into QuantumScape

June 19, 2020
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Following its $100 million investment into QuantumScape in 2018, Volkswagen has reinforced its commitment to commercializing a solid-state battery. The new funding will go into further development and support for a pilot production line. Solid-state batteries can offer higher energy densities and improved safety compared to Li-ion batteries with a liquid electrolyte, but they suffer from poor manufacturability, room temperature conductivity, and cycle life. QuantumScape has previously quoted battery performance goals of 400 Wh/kg to 600 Wh/kg with extended cycle life. While Volkswagen has doubled down on its initial investment, it still faces a long and expensive road to commercialization, which we believe won't occur for another 10 years.

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