quantumscape factory location

QuantumScape Corp (NYSE: QS) has secured a new set of buildings in San Jose for its future manufacturing hub, QS Campus. Its solid-state battery cell technology has an energy density, enhanced safety, fast charging capability, and small size. QuantumScape Publishes Inaugural Environmental, Social and Governance Report . Our goal has been to bring our solid-state lithium-metal batteries to market as soon as possible, said Jagdeep Singh, CEO and co-founder of QuantumScape. So wh/l is actually volume, like a litre of water (10cm*10cm*10cm)? The companies currently contemplate Salzgitter, Germany for the location. QuantumScape, which had risen to buzzy prominence after Volkswagen Group invested more than $500 million, struck a deal in September 2020 to merge with a special purpose acquisition company,. Initially, it will have a 1 GWh production capacity. The lab at QuantumScape in San Jose, Calif., on Feb. 4, 2021. This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap. The solid-state battery startup expects to be able to produce 200,000 cells. Company. QuantumScape ($QS). Date: May 4 Amount: $103.8 million. Interview with Mobilize CEO Clotilde Delbos: The car becomes a Lucid opens new retail centre in the Netherlands, Worlds largest electric ferry launches in Norway, Designwerk presents megawatt charging station, Possible battery problem with 10,000 VW ID.3 and ID.4, VW is reorganizing Quality and Design departments. QuantumScape, so far, has collaborations with four key customers -- three automotive and one stationary energy-storage product manufacturer. SAN JOSE, Calif.(BUSINESS WIRE) 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. Prior to joining QuantumScape, Mr. Hettrich served as a Private Equity Associate of Bain Capital, an investment firm, from September 2007 to July 2009. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Solid-state battery specialist QuantumScape plans to issue 13 million new shares. electric mobilityindustry. 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 was founded in 2010. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. in Environment and Resources from Stanford University. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. Chart reflects 100% of factory financials. Being an investor in the startup, the German automaker will also benefit from any success it has with its competitors. 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. QuantumScape (QS -1.45%) stock rose recently on the rumors of a potential partnership with Porsche. The new campus comprises the current site of QS-0, QuantumScape's pre-pilot production line, and the adjacent three new buildings. Rekha Khandelwal has no position in any of the stocks mentioned. Berkeley and a M.S. It intends to accelerate the commercialization of solid-state batteries for e-mobility. 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. They will start building a pilot factory in about one year and that factory will produce 1 gigawatt-hour of batteries per year. QuantumScape completed its 2021 milestones as planned. [1] Investors include Bill Gates and Volkswagen. I think consumer electronics (like cell phones) developers worry more about Wh/L and electric car developers worry more about Wh/kg. Additional information concerning these and other factors that could materially affect QuantumScapes actual results can be found in QuantumScapes periodic filings with the SEC. The short story is that they claim to have solved the solid-state battery problem. He is open to public speaking and advising engagements. While QuantumScape remained silent about its technology for a long time, the company presented performance data of prototype cells for the first time in December 2020. Pouch form factor batteries cannot be made into structural parts of the body of the car. QuantumScape Announces Timing of Third Quarter 2022 Financial Results and Webcast. QuantumScapes lithium-metal solid-state batteries will charge faster, go farther, last longer and operate more safely than todays EVs and gas-powered vehicles bringing us closer to that lower carbon future. The Wolfsburg-based company now owns a third of the California-based company. Its stock soared 49% in its first day of trading in November 2020 and had. QuantumScape made the plans for a pilot plant in San Jos public a few weeks ago when it announced its financial results. workday short, to the point, entering your email below. Free-Float. But this secretive startup is very familiar with failure", "QuantumScape Falls on Scorpion Capital Short Report", "Here we are, here is the battery that lasts as long as a full tank of petrol, and will change the world", "A Revolutionary Solid-State Battery Is Nearly Here, Scientists Say", "First commercially viable lithium metal battery solid state charges in just 15 minutes", https://en.wikipedia.org/w/index.php?title=QuantumScape&oldid=1127867655, This page was last edited on 17 December 2022, at 02:53. The pilot-line facility, QS-1, will initially be a 1-gigawatt . To make the world smarter, happier, and richer. Quantumscape plans to go public with a SPAC deal before the end of the year. They were planning on "Quantum WebCrowdsourced Nanotronics" but they were told to tone it down a bit. Invest better with The Motley Fool. Please support local businesses. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. . According to an agreement between the two companies, the location for the planned pilot plant with VW is to be determined this year. After testing and validating QuantumScape's cells, these companies intend to use them in their vehicles. I'm not saying that it will never happen, but at least it is clear that silicon has been able to "hold off" alternative technologies for decades through continuous improvements. Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA [email protected]. QuantumScape (NASDAQ:QS) stock is sitting in a sort of middle ground in terms of its evolution. That would prevent it's use as a structural battery due to size changes. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology. /a > QuantumScape - Resources - Press Business Outlook Data presented vehicles to outperform internal combustion cars located in Jos., QuantumScape, it reflects investors ' 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. Ms. Fong holds a B.S. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. 09/29/2022. Tesla has already spent a few years, billions on acquisitions and R&D on the new batteries and factory technology revealed at battery day. They also announced a plan to bring the product to volume production in partnership with Volkswagen by 2024. QuantumScapes SEC filings are available publicly on the SECs website at www.sec.gov. The new campus comprises the current site of QS-0, QuantumScapes pre-pilot production line, and the adjacent three new buildings. 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. The company has confirmed 10-year lease agreements for the three new buildings of QS Campus. It is not yet clear where this plant will be built. If the battery were really dense, it would take up less room in a device even if the weight necessary were still kind of high. 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. For more information, please visit www.quantumscape.com . VW ID. 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 And VW Are Selecting Where To Make Solid-State Cells Salzgitter is so far the location with more chances to produce these batteries. This will not happen. I hope they fire the Head of Designer. Tesla uses a dry electrode, where "dry" doesn't describe the battery but rather is a simplified manufacturing process that reduces manufacturing cost. 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. The companies plan to begin a joint pilot program by 2023. Tesla has made its new batteries into a structural slab on the base of the car. The 50 USD/kWh was Brians conjecture for 2024 price levels. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by 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. Find one worth sharing. What's the relationship between wh/L and wh/kg in batteries? 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. Mr. Singh is QuantumScapes Chief Executive Officer and Chairman of the Board of Directors. The company will take possession of the new buildings and begin outfitting the facilities for specific purposes starting in January 2022. 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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. Transportation is one of the top contributors to global greenhouse gas emissions, but todays EVs lack the performance, safety and cost required for mass-market adoption of zero emissions vehicles. 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. Their QS share price forecasts range from $4.00 to $27.00. One of these is a top 10 global auto manufacturer by revenue, and the other is a luxury auto company. in Business Administration from U.C. Prologium is another solid-state battery company but they have had a 40MWh/year pilot plant in operation since 2017. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for use in electric vehicles. Learn More{{/message}}, {{#message}}{{{message}}}{{/message}}{{^message}}It appears your submission was successful. Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density. Prologium plans to have 2 Gigawatt hour/year plant working by 2022 and a 7 GWh/year plant working in 2023. 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. electrive.com is a newsservice [3][4] In 2012, QuantumScape began working with German automaker Volkswagen. It an investment of 200 million euros from Volkswagen, performance data of prototype cells for the first time in December 2020, FC specialist Loop Energy launches cooperation in Germany, Twaice improves development with battery model library, Outlook: These electric cars are coming in 2023, 2022 in review: Rediscover the most popular articles in each month. Note, 50 USD/kWh assumes that Tesla will not improve at all between 2022 and 2028.. The company plans to continue aggressive hiring of world-class talent through 2022 and beyond. The company's 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. Please contact the developer of this form processor to improve this message. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Five years from now, the company expects to have a . The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh . Price as of January 18, 2023, 11:16 a.m. in Physics, a M.S. insideevs.com,electrek.co,techcrunch.com,ir.quantumscape.com,sec.report. It already houses Volkswagens first recycling plant, which started to operate in January. Mr. Singh co-founded QuantumScape and has served as its Chief Executive Officer since QuantumScapes incorporation in May 2010. Please contact the developer of this form processor to improve this message. Many of these factors are outside QuantumScapes control and are difficult to predict. Solid-state battery maker QuantumScape has announced a plan to build a new pilot battery production factory in California. Its proprietary solid-state battery design requires a major capital raise for. The published results with single-layer pouch cells suggest that QuantumScapes battery can be quickly charged to 80 per cent capacity in 15 minutes. Both companies currently have a preference for Salzgitter, a city that was mentioned more than one at Volkswagen Power Day. While one would be hard-pressed to argue that the nearly 70% premium over today's price. 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. Making the world smarter, happier, and richer. The Tesla 2170 cell has 680 Wh/L capacity now and Tesla Battery Day talk indicated they will improve battery costs and the energy density with anode and cathode improvements. In February 2021, QuantumScape announced a plan for a new pilot production factory ahead of the main factory. Down 86% in This Bear Market, Can QuantumScape Stock Recover in 2023? in Management from Stanford Graduate School of Business. tetra colorfusion led light outdoor extension cord reel Every cigar tells a story. I was having difficulty seeing a litre of lithium. The batteries may increase an electric vehicle's range notably for the same battery size. 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. A full-sized plant would also be built and start production in 2027. For more information, please visit www.quantumscape.com. About 200 mL if I recall correctly. [1] Investors include Bill Gates and Volkswagen.[2]. The departure of its top manufacturing expert is bad news for the battery startup backed by Volkswagen. May 17, 2021 at 8:31am ET By: Gustavo Henrique. QuantumScape Corporation is engaged in developing battery technology for electric vehicles (EVs) and other applications. in Business Administration from U.C. Specifically, QuantumScape intends to use the funds from the share issue (equivalent to around 728 million euros) to more than double the capacities of the QS-0 pilot plant in San Jos, California, which was announced in February. The transaction was completed in November 2020 and raised capital for the series production of batteries. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Buzz Pro review: Is it enough to become iconic, again? 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. The company has worked for more than 10 years to develop this separator material. Made in Germany! 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. QuantumScape Wants To Raise $859 Million To Increase QS-0 Capacity, QuantumScape: Only We Have A Viable Solid-State Lithium Metal Battery, a Scorpion Capital report claimed QuantumScape was a pump-and-dump SPAC scam,, It already houses Volkswagens first recycling plant, which started to operate in January, Jagdeep Singh told Sandy Munro, Volkswagen is pretty aware that the deal with QuantumScape is not exclusive, Heres How Fast An EV Heats Up Compared To An ICE Car, Watch Tesla Model 3 Attempt To Drive Through Deep Water, Carmax Sold Over Half Its Tesla Inventory In 24 Hours, VW ID.4 Is Being Shipped Without A Heat Pump Due To Semiconductor Shortage, Demand For Tesla's EVs Is Ridiculous Thanks To Price Cuts. Fred is the Editor in Chief and Main Writer at Electrek. 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. The companies currently contemplate Salzgitter, Germany for the location. It successfully tested 10-layer cells in 2021. The solid-state battery specialist and Volkswagen partner QuantumScape has announced in the context of the announcement of its business figures that it will build a pilot plant in San Jos, California. The deal should result in a valuation of $3.3 billion and leave Quantumscape with over $1 billion to fund its factory and plans. Their financials show they expect to make about $70/kwh from the batteries they make in 2028. The companys mission is to revolutionize energy storage to enable a sustainable future. As a result of the merger, QuantumScape will receive $1 billion in financing, including funding from Volkswagen and the Qatar Investment Authority. 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 . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. In the same year, Volkswagen and QuantumScape announced the establishment of a joint production project to prepare for mass production of solid state batteries. Mr. Hettrich is QuantumScapes Chief Financial Officer. Batteries Move From Labs to Mass Production, Bloomberg, QuantumScape CEO on the Evolution of EV Batteries. Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. in Mechanical Engineering, and a Ph.D. in Mechanical Engineering from Stanford University. The recycling plant could source raw materials to the solid-state cell plant in a much easier way. An expansion of capacity by more than double would thus lead to an output of more than 200,000 samples. Considering QS-1 will apparently be just in the same city but not the same plant, were more inclined to the second hypothesis. 5 min read. [2] At the same time, the company's shares will be listed on the New York Stock Exchange under the symbol QS. This suggests a possible upside of 67.0% from the stock's current price. QuantumScape is on a mission to transform energy storage. QuantumScape Corp. plans to lease 200,000 square feet of space in San Jose for a new manufacturing facility. In all, QuantumScape could already be delivering its batteries to auto OEMs successfully three years from now. The company now needs to develop multilayered cells with commercial dimensions while adding several more layers. ChatGPT Sounds Exactly Like Us. This is formed from pure lithium metal as soon as the battery is charged. These samples are nearly full-size prototypes that will allow the automakers to test and begin . Mr. Hettrich also served as a Business Analyst at McKinsey & Company, a management consulting firm, from September 2004 to July 2007. "Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density.". 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. EV battery startup QuantumScape has leased a massive production site in San Jose, hinting at the company's intent to bring its "groundbreaking" solid . 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. 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. You can send tips on Twitter (DMs open) or via email: [email protected]. Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. QuantumScape's Weak Fundamentals Exacerbated By Uncertain Manufacturing Scale QuantumScape is expected to continue burning through its $1.35B in cash and equivalents rapidly through FY26. 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. [7], On April 15, 2021, hedge fund Scorpion Capital announced their short position in the stock, accusing the company of being a pump-and-dump scheme. in Business Administration from U.C. 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 . Do you want to help build one of the most critical parts of the future energy economy? BMW iX review: How efficient is the BMW eSUV in real life? My guess is that the ratio between lithium ion and solid state lithium will be a similar story, i.e. 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. Berkeley and a M.S. Mr. Hettrich has served as QuantumScapes Chief Financial Officer and head of Business Operations since September 2018. 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. QuantumScape (QS 9.07%) stock rose recently on the rumors of a potential partnership with Porsche. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. 59,9%. The company is headquartered in San Jose, California and employs around 400 people. The final cells used in vehicles may need several dozen layers in each battery pack. *Average returns of all recommendations since inception. 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. This new campus provides us with an opportunity to continue our ground-breaking innovation while laying the foundation for scaling up those innovations into production.. Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. 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. This should start in the second half of 2024 with the help of Volkswagen. Learn More. in Business Administration from U.C. There is a 37-page Investor Presentation. every workday since 2013. Ms. Fong holds a B.S. After the new announcements from the stock exchange release and the new share issue, these statements may already be outdated. In its Q2 2022 Shareholder Letter, the company did not even touch on the subject . According to the Californian company, the cells tested were single-layer pouch cells with thick cathodes (>3mAh/cm2), which are analogous to the cathodes of conventional batteries. The pilot line will be based in San Jose and will be called QS0. Even before the news, the stock has been on an upward trend since the middle of March. 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. Mr. Singh holds a B.S. SOURCES Quantumscape, Prologium Moneyball Medium 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. 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. from Vanderbilt University Law School. Berkeley and a M.S. in Management from Stanford Graduate School of Business. Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper, Apple Delays AR Glasses, Plans Cheaper Mixed-Reality Headset, Stocks Turn Lower as Growth in Focus; Dow Falls: Markets Wrap, Saudi Arabia Says Open to Settling Trade in Other Currencies, Amazon Kicks Off Round of Job Cuts Affecting 18,000 People. Would highly recommend coming here. Tesla battery system reduces the need for structural steel. Finally a legit, authentic taco restaurant in Canton. By Matt - Published on April 16, 2021. Our mail-out and online service cover QuantumScape could produce solid-state batteries in the German city of Salzgitter with Volkswagen in the future. The team listed the properties the material would need to have: 1) resist dendrites. 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. Mr. McCarthy currently serves as a member of the boards of several privately-held companies. developments in electric transport In addition, the solid-state battery does not have a classic anode. Mr. McCarthy also currently serves on the board of QSV Operations LLC. 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 . Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. 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. 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. Qatar Investment Authority and Fidelity Management and Research Company are the most recent investors. The Motley Fool has no position in any of the stocks mentioned. QuantumScape Ships First 24-Layer Prototype Battery Cells to Automotive OEMs. Come join us on our mission as we revolutionize energy storage to enable a sustainable future. Despite uncertainties, if things go according to QuantumScape's plans, the company could start pilot production of its batteries in 2024. QuantumScape has also collaborated with Fluence Energy (FLNC 2.40%) to supply batteries for use in the latter's storage products. Our innovative battery cell technology can store energy more efficiently and reliably than todays lithium-ion batteries. QuantumScape ( NYSE: QS) has fallen pretty far from its high of over $130 per share back in late December. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. QuantumScape Corporation (NYSE:QS) today announced it has shipped its first 24-layer prototype lithium-metal battery cells to automotive OEMs for testing. The company did just that on Friday, announcing the departure of Chief Manufacturing Officer Celina Mikolajczak after a year in the job. in Management from Stanford Graduate School of Business. Ms. Fong holds a B.S. Additionally, the company needs to minimize volume manufacturing costs. Let's check out what the solid-state battery company has been up to lately and what its progress means for its stock. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. QuantumScape has been promising to present not only a solid-state platform that will work with any lithium-ion chemistry. 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. We are thrilled to see QuantumScapes investment in our community and their commitment to bringing advanced battery development and local manufacturing jobs to North San Jose.. 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. Home Energy Quantumscape Plans 1 Gigawatt Hour Battery Plant in 2024. SAN JOSE, Calif.-- QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced the release of an independent third-party laboratory testing report on the performance of its solid-state lithium-metal battery cells. With reporting by Cora Werwitzke, France. In concrete terms, the latter should be possible in San Jos from 2023. The company believes that its solid-state batteries will be far more energy-dense than the lithium-ion batteries in use right now. Berkeley and a M.S. in Computer Science from Stanford University. Additional information concerning these and other factors that could materially affect QuantumScapes actual results can be found in QuantumScapes periodic filings with the SEC. 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. Prior to joining QuantumScape, he was a Research Associate at Stanford University from June 2008 to January 2011. QuantumScape is funded by 10 investors. A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. Written By Brian Wang, Nextbigfuture.com (Brian owns shares of Tesla). 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. The Motley Fool has a disclosure policy. In concrete terms, the latter should be possible in San Jos from 2023. QuantumScape has been based in San Jose since its founding in 2010. 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.

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