QuantumScape

We were honored to host the Mayor of Kyoto, Koji Matsui, and Director General of Ministry of Economy, Trade and Industry (METI), Satoshi Nohara, at our Solid-State Batteries Symposium in Kyoto yesterday. Industry leaders, including battery equipment and materials suppliers, and automotive customers, gathered for substantive dialogue on how the many players in the Japanese battery ecosystem can work together to drive next-generation battery development and support the transition toward a lower-carbon future. Their insights on revolutionizing energy storage in Japan and globally reinforce our belief that the future is solid! https://lnkd.in/gzWY3ubC

This is an excellent report from the Carnegie Endowment for International Peace about the challenges and opportunities for the U.S. to strengthen domestic next-generation battery production and lead in the global energy transition — https://lnkd.in/e9eArm-j 🔋🌎

Today, we published our Q3 2024 business results. We are excited to share that we have started producing and shipping low-volume B samples of our QSE-5 product. The cell features energy density over 800 Wh/L and is capable of fast charging from 10-80% in less than 15 min. This is a proud moment for the entire QS team! https://lnkd.in/gVuZbbZf Other highlights include:  — We kicked off the collaboration phase of our agreement with PowerCo in Q3 — Raptor, the first implementation of our disruptively fast separator production process, is now our baseline for separator production — We welcomed two new board members: Mr. Dennis Segers and Dr. Günther Mendl — You can read the full shareholder letter here: https://lnkd.in/gDmHWmr8 

🔋 “EVs are safer than gas cars, but there’s still room for improvement,” writes our President & CEO, Dr. Siva Sivaram. In his recent op-ed for Automotive News, Siva explores how next-generation solid-state batteries can enhance EV safety and performance.   Learn more about the future of EV technology and why strategic investment is crucial for the U.S. to lead in global battery innovation: https://lnkd.in/eqGvvFcc #EVSafety #BatteryTech

What a race! Thanks to everyone on Team QS who came out and participated in the JPMC Corporate Challenge with us last night!! 🔋🏃⚡

QS CEO Siva Sivaram and CFO Kevin Hettrich sat down with Evercore ISI's Chris McNally to discuss the significance of our landmark agreement with PowerCo and the major drivers of our 18-month cash runway extension https://lnkd.in/emwY7Fz3

Thank you Rep. Ted Lieu, Rep. Judy Chu, and Rep. Mark Takano for visiting QS today! With your support and commitment to climate technologies we can further drive EV adoption and support the transition to a lower carbon future.

Yesterday we published our Q2 2024 business results (https://lnkd.in/gaMRHQ6D). The highlights include: - Our landmark agreement with PowerCo is an opportunity to quickly and efficiently get our battery technology into series production EVs. We now forecast this capital-light licensing arrangement extends our cash runway into 2028, an 18 month extension from previous guidance.  - Production: We’re on track to complete the ramp up of Raptor separator production, one of our key goals for the year. Raptor continues to show encouraging benefits for separator quality and has demonstrated the capability to produce the best-performing separators we’ve ever made. - Safety: Our prototype ~5 amp-hour cells based on our Alpha-2 design have demonstrated a promising safety profile; including thermal stability >300°C vs conventional li-ion cells we tested at ~185°C https://lnkd.in/gcuFmjdY

We are thrilled to announce a landmark agreement with PowerCo to accelerate the commercialization of QuantumScape’s solid-state lithium-metal battery technology https://lnkd.in/gqHf25qx. The highly collaborative partnership brings together QuantumScape’s industry-leading tech with PowerCo’s industrialization expertise and manufacturing facilities https://lnkd.in/gaR_WrFw. Upon satisfactory technical progress and a $130M prepayment of royalties to QuantumScape, QuantumScape will grant PowerCo a license to mass produce batteries based on its platform. “This agreement is a major step in our long-term global scale-up strategy to bring QuantumScape’s solid-state lithium-metal battery technology to market. Combining our cutting-edge technology with PowerCo’s expertise in manufacturing and industrialization, this deal establishes a blueprint for a capital-light business approach and positions us at the forefront of energy storage innovation. Working closely with PowerCo as our first customer will help us accelerate commercialization and adoption of these game-changing batteries together.”       – Dr. Siva Sivaram, CEO and president of QuantumScape

Safety is one of the most critical performance capabilities of any battery – and we believe QuantumScape’s solid-state lithium-metal battery technology has the potential to simultaneously offer an improved safety profile as well as enable better energy, power, fast-charging, and cycle life than existing high-energy EV batteries. Check out our new blogs and video featuring QS’ Daniel Braithwaite and Giovanni Flores to learn more about our safety testing protocols and prototype cell safety performance. Video: https://lnkd.in/eczMkxam Blogs: Understanding Battery Safety — https://lnkd.in/e2vJ7Stu Interpreting QuantumScape’s Safety Test Results — https://lnkd.in/eMAP-MqR