QuantumScape (QS) and PowerCo Enter Agreement to Industrialize Solid-State Batteries
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PowerCo and QuantumScape Announce Landmark Agreement to Industrialize Solid-State Batteries
July 11, 2024 6:50 AM EDTCompanies join forces to advance world-leading lithium-metal technology toward mass-manufacturing for passenger electric vehicles
SALZGITTER, Germany & SAN JOSE, Calif.--(BUSINESS WIRE)-- Volkswagen Groups battery company PowerCo and QuantumScape (NYSE: QS) today announced they have entered into a groundbreaking agreement to industrialize QuantumScapes next-generation solid-state lithium-metal battery technology. Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScapes technology platform.
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