- Companies join forces to advance world-leading lithium-metal technology toward mass-manufacturing for passenger electric vehicles.
- The agreement supersedes an earlier joint venture between the Volkswagen Group and QuantumScape to co-manufacture batteries.
- Frank Blome, CEO of PowerCo: “We want to redefine the future of battery technology, bringing the most sustainable and cutting-edge battery cells to our customers.”
San Jose, United States/Salzgitter, Germany. Volkswagen Group’s battery company PowerCo and QuantumScape (NYSE: QS) today announced they have entered into a groundbreaking agreement to industrialize QuantumScape’s 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 QuantumScape’s technology platform.