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QuantumScape partners with a large automaker to test prototypes
Climate Tech - Energy
Sep 21, 2021
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Climate Tech - Energy

Climate Tech - Energy

Sep 21, 2021

QuantumScape partners with a large automaker to test prototypes

Partnerships

  • QuantumScape, a solid-state battery company, announced it has partnered with one of the top-ten automakers by global revenue, to evaluate prototypes of solid-state battery cells. 

  • The partnership will enable the undisclosed automaker to purchase 10 megawatt-hours of battery capacity from QuantumScape’s pre-pilot production line (QS-0) facility. 

  • QuantumScape plans to deliver advanced prototypes before the QS-0 facility commences mass production in 2023.

  • QuantumScape’s share price increased by 16% on Tuesday, following the news.

  • Analyst QuickTake: This is QuantumScape's second partnership with a top-ten automaker following a joint venture with Volkswagen that dates back to 2018  for the development of solid-state batteries for the automaker’s next-generation electric vehicles. Meanwhile, Ford and BMW have partnered with QuantumScape’s rival, Solid Power.

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