QuantumScape developed the industrys first anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing. This suggests a possible upside of 67.0% from the stock's current price. 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. 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. The core of the QuantumScape technology is a ceramic separator, which is supposed to remedy exactly this. 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. tetra colorfusion led light outdoor extension cord reel Every cigar tells a story. The luxury auto company could possibly be Porsche. Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density. 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. [5], On September 3, 2020, QuantumScape announced a merger with the special-purpose acquisition company Kensington Capital Acquisition. Canadas Population at 38 Million and Adding 4 Million Immigrants from Now to 2030, How to Keep Your Cryptocurrencies Safe in 2020. 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. With 24 layers, each comprising . This helps increase the volumetric density of the cell. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. QuantumScape is registered under the ticker NYSE:QS . The company has confirmed 10-year lease agreements for the three new buildings of QS Campus. All we have mostly in Canton are corporate chain restaurants. Even though the server responded OK, it is possible the submission was not processed. VW ID. Buzz Pro review: Is it enough to become iconic, again? [3][4] In 2012, QuantumScape began working with German automaker Volkswagen. from Vanderbilt University Law School. QuantumScape made the plans for a pilot plant in San Jos public a few weeks ago when it announced its financial results. and free of charge. Even if they execute flawlessly, they will have too little capacity to matter and the prices will be too high. fordecision makersin the It depends on the density of the materials used in the battery. It is not yet clear where this plant will be built. Apparently, it will be the companys manufacturing headquarters for batteries. Finally a legit, authentic taco restaurant in Canton. 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% . QuantumScape Corp. ( QS) stock's 93% plunge makes it a vulnerable acquisition target if shares fail to recover soon. Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. 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. Being an investor in the startup, the German automaker will also benefit from any success it has with its competitors. Berkeley and a M.S. The expected proceeds of $859 million are to be invested in the companys planned pilot plant and in the joint venture with Volkswagen. "Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density.". This should start in the second half of 2024 with the help of Volkswagen. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. 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. Battery startup QuantumScape dropped some news last week that we reporterslike to call a Friday night news dump. 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. Price as of January 18, 2023, 11:16 a.m. The plant, called QS-0, will be able to produce more than 100,000 samples of solid-state cells per year, the announcement said. Apart from Volkswagen (VWAGY -0.29%), QuantumScape is collaborating with two other auto original equipment manufacturers (OEMs). 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. QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. The campus is designed to encourage more natural opportunities for employees to collaborate across departments and functions. As Jagdeep Singh told Sandy Munro, Volkswagen is pretty aware that the deal with QuantumScape is not exclusive. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Invest better with The Motley Fool. 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. 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 is an American company that develops solid state lithium metal batteries for electric cars. QuantumScape And VW Are Selecting Where To Make Solid-State Cells Salzgitter is so far the location with more chances to produce these batteries. The factory will make early production versions of the company's advanced electric. Is the quantumscape battery as shown in the slide suggesting that it physically expands when charged? 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. 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. 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. QuantumScape is funded by 10 investors. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. 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 company is headquartered in San Jose, California and employs around 400 people. 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. He is open to public speaking and advising engagements. Ms. Fong holds a B.S. May 17, 2021 at 8:31am ET By: Gustavo Henrique. Berkeley and a M.S. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. QuantumScape Publishes Inaugural Environmental, Social and Governance Report . 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,. For more information, please visit www.quantumscape.com. Prior to joining QuantumScape, he was a Research Associate at Stanford University from June 2008 to January 2011. QuantumScape hasn't disclosed the names of these two auto companies. 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. The company plans to continue aggressive hiring of world-class talent through 2022 and beyond. 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. That would prevent it's use as a structural battery due to size changes. QuantumScape Corporation (NYSE:QS) today announced it has shipped its first 24-layer prototype lithium-metal battery cells to automotive OEMs for testing. The companies plan to begin a joint pilot program by 2023. Prior to joining QuantumScape, he was the founder and Chief Executive Officer at Infinera Corporation (NASDAQ: INFN), a telecommunications company, from 2001 to 2009. Mr. Hettrich also served as a Business Analyst at McKinsey & Company, a management consulting firm, from September 2004 to July 2007. 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. By Matt - Published on April 16, 2021. 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They were planning on "Quantum WebCrowdsourced Nanotronics" but they were told to tone it down a bit. Tesla has already spent a few years, billions on acquisitions and R&D on the new batteries and factory technology revealed at battery day. Heres QuantumScape Q4 2020 shareholder letter for all the details: [scribd id=494805848 key=key-8c6c3fDY9zSZljWZMpfd mode=scroll]. Their financials show they expect to make about $70/kwh from the batteries they make in 2028. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. The Wolfsburg company will then have the right to become the first customer for the new batteries based on solid-state technology. Our 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. Making the world smarter, happier, and richer. QuantumScape's cells use a solid-state separator in place of the porous separators used in conventional lithium-ion batteries. 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. 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. They were excellent and well made. Were on a mission to revolutionize energy storage and power a decarbonized future, and were starting with transportation. QuantumScape Corp. plans to lease 200,000 square feet of space in San Jose for a new manufacturing facility. in Business Administration from U.C. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. 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.. in Business Administration from U.C. in Management from Stanford Graduate School of Business. electrive.com is a newsservice EV battery startup QuantumScape has leased a massive production site in San Jose, hinting at the company's intent to bring its "groundbreaking" solid . The companies currently contemplate Salzgitter, Germany for the location. In its Q1 Shareholder Letter, QuantumScape highlighted progress on that front as well, securing a facility in San Jose to house the QS-0 line. 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. 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.. It already houses Volkswagens first recycling plant, which started to operate in January. The companies currently contemplate Salzgitter, Germany for the location. 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. Mr. McCarthy has served as QuantumScapes Chief Legal Officer and Head of Corporate Development since March 2013. Berkeley and a M.S. The transaction was completed in November 2020 and raised capital for the series production of batteries. The Company is focused on the development and commercialization of its solid-state lithium-metal batteries. QuantumScape ( NYSE: QS) has fallen pretty far from its high of over $130 per share back in late December. QuantumScape Reports Third Quarter 2022 Business and Financial Results. The Motley Fool has a disclosure policy. QuantumScape plans to spend between $230 million and $290 million this year to continue the development of its battery cells and build the QS-0 factory. 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. It's a bad sign for the company backed by Volkswagen. 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. 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