PowerCo and QuantumScape Announce Landmark Agreement to Industrialize Solid-State Batteries
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July 11, 2024 10:40 AM EDT
QuantumScape (NYSE: QS) shares soared by as much as 35% on Thursday following the announcement of a strategic partnership with PowerCo, Volkswagen Groups battery company.
The collaboration aims to industrialize QuantumScapes next-generation solid-state lithium-metal battery technology.
Under the agreement, QuantumScape will grant PowerCo a license to mass-produce battery cells based on its innovative technology platform, contingent upon satisfactory technical progress and royalty payments.
PowerCo will have the capacity to manufacture up to 40 gigawatt-hours... More
July 11, 2024 7:12 AM EDT
(Updated - July 11, 2024 7:12 AM EDT)
QuantumScape (NYSE: QS) climbs 18% following pact with Volkswagen Groups battery company PowerCo
Volkswagen Groups battery company PowerCo and QuantumScape (NYSE:
QS) today announced they have entered into a groundbreaking agreement to industrialize QuantumScapes...
More
