This suggests a possible upside of 67.0% from the stock's current price. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. and free of charge. The Motley Fool has a disclosure policy. 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. As a result of the merger, QuantumScape will receive $1 billion in financing, including funding from Volkswagen and the Qatar Investment Authority. Fred is the Editor in Chief and Main Writer at Electrek. Additional information concerning these and other factors that could materially affect QuantumScapes actual results can be found in QuantumScapes periodic filings with the SEC. Chart reflects 100% of factory financials. QuantumScape Announces Timing of Third Quarter 2022 Financial Results and Webcast. Would highly recommend coming here. QuantumScape ($QS). flat storage boxes for under bed menu menu SOURCES Quantumscape, Prologium Moneyball Medium In order to avoid the worst consequences of climate change, we must electrify transportation and turn internal combustion engines into a way of the past. QuantumScape said it has begun shipping "A0" samples of its battery cells to its automaker clients. It intends to accelerate the commercialization of solid-state batteries for e-mobility. QS-0 will be located in "a second. 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. 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. Free-Float. The company has worked for more than 10 years to develop this separator material. However, the industry has several challenges to overcome in order to make solid-state viable, and QuantumScape claims to have solved them all. developments in electric transport For more information, please visit www.quantumscape.com. QuantumScape hopes to provide cells for a few hundred test vehicles each year with it for all manufacturers interested in them. QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. QuantumScape Reports Third Quarter 2022 Business and Financial Results. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. In February 2021, QuantumScape announced a plan for a new pilot production factory ahead of the main factory. 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. ET. 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. 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. 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. Ms. Fong holds a B.S. QuantumScape Publishes Inaugural Environmental, Social and Governance Report . An expansion of capacity by more than double would thus lead to an output of more than 200,000 samples. He is open to public speaking and advising engagements. 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 Management from Stanford Graduate School of Business. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. Our https://www.electrive.com/2021/03/25/quantumscape-to-open-second-pilot-plant/. QuantumScape is funded by 10 investors. 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 . 10/12/2022. How Is That a Good Thing? 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. His blog Nextbigfuture.com is ranked #1 Science News Blog. By Matt - Published on April 16, 2021. Learn More. This will not happen. They were excellent and well made. The company expects to produce cells for use in test cars in 2023. Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. The joint venture between QuantumScape and Volkswagen will be called QS-1. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. 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.. The new campus comprises the current site of QS-0, QuantumScapes pre-pilot production line, and the adjacent three new buildings. Come join us on our mission as we revolutionize energy storage to enable a sustainable future. Latest updates The pilot-line facility, QS-1, will initially be a 1-gigawatt . 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. The departure of its top manufacturing expert is bad news for the battery startup backed by Volkswagen. QuantumScape (QS -1.45%) stock rose recently on the rumors of a potential partnership with Porsche. 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. 570. Their QS share price forecasts range from $4.00 to $27.00. Tesla is refining the production processes for new batteries and the new batteries have been produced in the tens of thousands. Mr. Hettrich holds a B.A. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. FTC: We use income earning auto affiliate links. Also, silicon anodes, by definition cannot produce a denser battery than a solid state battery that uses NO anodes at all. newsletter is published every Please contact the developer of this form processor to improve this message. Our innovative battery cell technology can store energy more efficiently and reliably than todays lithium-ion batteries. Please contact the developer of this form processor to improve this message. The plant will have a limited capacity of 100,000 cells per year: QS-0 is intended to have a continuous flow, high automation line capable of building over 100,000 engineering cell samples per year. Price as of January 18, 2023, 11:16 a.m. The QS-1 will follow QS-0, which is an independent enterprise from QuantumScape. In all, QuantumScape could already be delivering its batteries to auto OEMs successfully three years from now. 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. [6] "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. QuantumScape completed its 2021 milestones as planned. Mr. Singh joined the QuantumScape Board in May 2010. For Investors John Saager, CFA Head of Investor Relations ir@quantumscape.com (adsbygoogle = window.adsbygoogle || []).push({}); Solid-state battery specialist QuantumScape plans to issue 13 million new shares. Expansion to three new facilities to scale advanced manufacturing capabilities. 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. They also announced a plan to bring the product to volume production in partnership with Volkswagen by 2024. it will be decades before solid state will matter at all, if ever. 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. The transaction was completed in November 2020 and raised capital for the series production of batteries. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. insideevs.com,electrek.co,techcrunch.com,ir.quantumscape.com,sec.report. 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. Prologium is another solid-state battery company but they have had a 40MWh/year pilot plant in operation since 2017. 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. Tesla has already spent a few years, billions on acquisitions and R&D on the new batteries and factory technology revealed at battery day. 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 . articles a month for anyone to read, even non-subscribers! 12/8/2022. If batteries cost $50 per kwh in 2024 then selling all of the production at a fully ramped pilot plant would make $50 million per year. Many of these factors are outside QuantumScapes control and are difficult to predict. These are the key requirements to make a lithium-metal anode, which in turn enables high energy density, fast charge, and long life. This should start in the second half of 2024 with the help of Volkswagen. 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. So wh/l is actually volume, like a litre of water (10cm*10cm*10cm)? Canadas Population at 38 Million and Adding 4 Million Immigrants from Now to 2030, How to Keep Your Cryptocurrencies Safe in 2020. The expanded plant would start producing in 2027. Tried the pastor, carnitas and steak tacos. 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. /a > QuantumScape - Resources - Press Business Outlook Data presented vehicles to outperform internal combustion cars located in Jos., QuantumScape, it reflects investors ' QuantumScape has a post-money valuation in the range of $1B to $10B as of Jun 17, 2020 . The pilot line will be based in San Jose and will be called QS0. Down 86% in This Bear Market, Can QuantumScape Stock Recover in 2023? in Business Administration from U.C. All we have mostly in Canton are corporate chain restaurants. The final cells used in vehicles may need several dozen layers in each battery pack. They would then expand the plant for 20 GWh/year plant. It will also provide capacity to makeenough batteries for hundreds of long-range battery electric test vehicles per year. Were on a mission to revolutionize energy storage and power a decarbonized future, and were starting with transportation. Please support local businesses. Let's . Delivery of these cells, referred to as A0 samples, was the company's key public milestone for the year, and achieving this goal represents an important step toward the commercialization of this technology. Let's check out what the solid-state battery company has been up to lately and what its progress means for its stock. I think consumer electronics (like cell phones) developers worry more about Wh/L and electric car developers worry more about Wh/kg. After testing and validating QuantumScape's cells, these companies intend to use them in their vehicles. Invest better with The Motley Fool. While one would be hard-pressed to argue that the nearly 70% premium over today's price. Dr. Holme holds a B.S. 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. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. 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. 10/26/2022. 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. 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 batteries may increase an electric vehicle's range notably for the same battery size. The Companys batteries are designed to enable longer range . [9][10] The battery was claimed to offer an energy density of 1kWh/L or 380-500 Wh/kg. 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