in Mechanical Engineering, and a Ph.D. in Mechanical Engineering from Stanford University. According to an agreement between the two companies, the location for the planned pilot plant with VW is to be determined this year. My guess is that the ratio between lithium ion and solid state lithium will be a similar story, i.e. QuantumScape is a battery technology company founded in 2010 with the goal of developing scalable, effective solid-state batteries that can (hopefully) reach cost parity with traditional lithium . Ms. Fong holds a B.S. QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. These are the key requirements to make a lithium-metal anode, which in turn enables high energy density, fast charge, and long life. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. Transportation is one of the top contributors to global greenhouse gas emissions, buttodays EVs lack the performance, safety and cost required for mass-market adoption of zero emissions vehicles. The campus is designed to encourage more natural opportunities for employees to collaborate across departments and functions. Berkeley and a M.S. As is the aim for the QS-1 pilot plant, which is still without a location, pilot cells are to be produced first in San Jos and later cells ready for series production. {{#message}}{{{message}}}{{/message}}{{^message}}Your submission failed. 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The company is headquartered in San Jose, California and employs around 400 people. Dr. Holme holds a B.S. in Business Administration from U.C. As a. The company will take possession of the new buildings and begin outfitting the facilities for specific purposes starting in January 2022. And the ceramic separator is non-flammable and noncombustible, making our batteries safer than conventional lithium-ion batteries. across Europe and beyond. It's expected to . https://www.electrive.com/2021/03/25/quantumscape-to-open-second-pilot-plant/. The company did just that on Friday, announcing the departure of Chief Manufacturing Officer Celina Mikolajczak after a year in the job. The batteries may increase an electric vehicle's range notably for the same battery size. Pouch form factor batteries cannot be made into structural parts of the body of the car. Please contact the developer of this form processor to improve this message. Learn More{{/message}}, Quantumscape Plans 1 Gigawatt Hour Battery Plant in 2024. This reminds me of the debate about silicon and gallium arsenide in the chip business. Called QS-0, it will help the company accelerate the development of its solid-state batteries and deliver up to 100,000 engineering cell samples from 2023 on. QuantumScape (NYSE: QS), a startup that is developing solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 45% year-to-date and by about 80% from . Making the world smarter, happier, and richer. QuantumScape is one of dozens of startups trying to reach the "holy grail" of battery innovation: a solid-state battery that can deliver longer range, faster charging times, long cycle life,. QuantumScape Wants To Raise $859 Million To Increase QS-0 Capacity, QuantumScape: Only We Have A Viable Solid-State Lithium Metal Battery, a Scorpion Capital report claimed QuantumScape was a pump-and-dump SPAC scam,, It already houses Volkswagens first recycling plant, which started to operate in January, Jagdeep Singh told Sandy Munro, Volkswagen is pretty aware that the deal with QuantumScape is not exclusive, Heres How Fast An EV Heats Up Compared To An ICE Car, Watch Tesla Model 3 Attempt To Drive Through Deep Water, Carmax Sold Over Half Its Tesla Inventory In 24 Hours, VW ID.4 Is Being Shipped Without A Heat Pump Due To Semiconductor Shortage, Demand For Tesla's EVs Is Ridiculous Thanks To Price Cuts. Fred is the Editor in Chief and Main Writer at Electrek. Dr. Holme has served as QuantumScapes Chief Technology Officer since January 2011. Please support local businesses. Quantumscape plans to go public with a SPAC deal before the end of the year. QuantumScape said it has begun shipping "A0" samples of its battery cells to its automaker clients. The companies plan to begin a joint pilot program by 2023. Ms. Fong holds a B.S. In February, it was still said that QuantumScape wanted to spend between 230 and 290 million US dollars (about 190 to 240 million euros) in the current year to continue the development of its solid-state battery cells and to build the QS-0 factory. There is a 37-page Investor Presentation. QS-1 will follow QS-0, QuantumScapes planned pre-pilot line. With reporting by Cora Werwitzke, France. In February 2021, QuantumScape announced a plan for a new pilot production factory ahead of the main factory. Mr. Hettrich has served as QuantumScapes Chief Financial Officer and head of Business Operations since September 2018. Prior to joining the company, Ms. Fong served as the Vice President of Global Human Resources at PDF Solutions (NASDAQ: PDFS), a semiconductor SAAS company. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by The key to our technology is a patented solid ceramic electrolyte separator, the material that keeps the anode and cathode from touching and moves lithium ions from one side of the battery to the other during charge and discharge. newsletter is published every QuantumScape, so far, has collaborations with four key customers -- three automotive and one stationary energy-storage product manufacturer. In its Q2 2022 Shareholder Letter, the company did not even touch on the subject . Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA 95110info@quantumscape.com. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. Mr. Singh co-founded QuantumScape and has served as its Chief Executive Officer since QuantumScapes incorporation in May 2010. A full-sized plant would also be built and start production in 2027. But this secretive startup is very familiar with failure", "QuantumScape Falls on Scorpion Capital Short Report", "Here we are, here is the battery that lasts as long as a full tank of petrol, and will change the world", "A Revolutionary Solid-State Battery Is Nearly Here, Scientists Say", "First commercially viable lithium metal battery solid state charges in just 15 minutes", https://en.wikipedia.org/w/index.php?title=QuantumScape&oldid=1127867655, This page was last edited on 17 December 2022, at 02:53. (adsbygoogle = window.adsbygoogle || []).push({}); Solid-state battery specialist QuantumScape plans to issue 13 million new shares. QuantumScape Corp. plans to lease 200,000 square feet of space in San Jose for a new manufacturing facility. FTC: We use income earning auto affiliate links. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. An expansion of capacity by more than double would thus lead to an output of more than 200,000 samples. Mr. Hettrich also served as a Business Analyst at McKinsey & Company, a management consulting firm, from September 2004 to July 2007. The factory will make early production versions of the company's advanced electric. But while the capacity is limited, it will provide cells for development work and help design next-gen manufacturing equipment: QS-0 will help provide the additional capacity we need for our development work and will enable usto accelerate work on the next-generation of manufacturing tools. If things go as per QuantumScape's plans, the company will have a huge market for its cells. So wh/l is actually volume, like a litre of water (10cm*10cm*10cm)? [2] In June 2020, Volkswagen made an additional $200 million investment into the company. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 7 analysts have issued 12 month price targets for QuantumScape's stock. Dr. Holme is QuantumScapes Chief Technology Officer. In the last quarter of 2020, QuantumScape briefly surpassed the valuation of Ford Motor Co. without having any commercial product and with zero revenue. You are buying everything these startups are telling you. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. While one would be hard-pressed to argue that the nearly 70% premium over today's price. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Through Zalkon.com, you can check out Freds portfolio and get monthly green stock investment ideas. QuantumScape made the plans for a pilot plant in San Jos public a few weeks ago when it announced its financial results. Its solid-state battery cell technology has an energy density, enhanced safety, fast charging capability, and small size. [1] Investors include Bill Gates and Volkswagen.[2]. Being an investor in the startup, the German automaker will also benefit from any success it has with its competitors. The solid-state battery specialist also plans to invest part of the proceeds in its joint venture with Volkswagen. QuantumScape was founded in 2010. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. The Motley Fool has no position in any of the stocks mentioned. The joint venture between QuantumScape and Volkswagen will be called QS-1. The expected proceeds of $859 million are to be invested in the companys planned pilot plant and in the joint venture with Volkswagen. The company believes that its solid-state batteries will be far more energy-dense than the lithium-ion batteries in use right now. In addition, the solid-state battery does not have a classic anode. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. While QuantumScape remained silent about its technology for a long time, the company presented performance data of prototype cells for the first time in December 2020. Its goal is not to be a manufacturing marvel but rather to supply engineering cells for prototypes. Salzgitter will be where the German carmaker will have its first 40 GWh gigafactory in Europe. VW ID. I hope they fire the Head of Designer. articles a month for anyone to read, even non-subscribers! Ms. Fong holds a B.S. QuantumScape Corporation is engaged in developing battery technology for electric vehicles (EVs) and other applications. builds on the email briefing we publish in Management from Stanford Graduate School of Business. Even before the news, the stock has been on an upward trend since the middle of March. The server responded with {{status_text}} (code {{status_code}}). They are aiming for the next factory, which is going to be commercial-scale with much higher capacity, to be ready to start production in 2024. Its stock soared 49% in its first day of trading in November 2020 and had. QuantumScape could produce solid-state batteries in the German city of Salzgitter with Volkswagen in the future. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScapes battery technology, the anticipated benefits of QuantumScapes technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. Source: QuantumScape via Green Car Congress. [2] At the same time, the company's shares will be listed on the New York Stock Exchange under the symbol QS. That would prevent it's use as a structural battery due to size changes. SAN JOSE, Calif.- (BUSINESS WIRE)- QuantumScape Corporation (NYSE: QS) today announced QS Campus - the future hub of its upcoming manufacturing activities - after securing a new set of buildings in San Jose. It is not yet clear where this plant will be built. The companys mission is to revolutionize energy storage to enable a sustainable future. If all goes as planned, it QuantumScape expects revenue to grow gradually from $39 million in 2025 . I'm not saying that it will never happen, but at least it is clear that silicon has been able to "hold off" alternative technologies for decades through continuous improvements. QuantumScape has a post-money valuation in the range of $1B to $10B as of Jun 17, 2020 . Solid-state battery developer QuantumScape Corporation (earlier post) has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021.The companies currently contemplate Salzgitter, Germany for the location. Bloomberg Markets European Close. Prior to joining the company, Ms. Fong served as the Vice President of Global Human Resources at PDF Solutions (NASDAQ: PDFS), a semiconductor SAAS company. The final cells used in vehicles may need several dozen layers in each battery pack. They also announced a plan to bring the product to volume production in partnership with Volkswagen by 2024. Delivery of these cells, referred to as A0 samples, was the company's key public milestone for the year, and achieving this goal represents an important step toward the commercialization of this technology. The companies currently contemplate Salzgitter, Germany for the location. QuantumScapes lithium-metal solid-state batteries will charge faster, go farther, last longer and operate more safely than todays EVs and gas-powered vehicles bringing us closer to that lower carbon future. Today, the company announced a plan for a new pilot production factory ahead of the main factory: To help with further scale-up and based on this recent progress we are pleased to announce we have decided to build a pre-pilot line facility in San Jose, which we call QS-0.. ET. in Economics from Pomona College, a M.B.A. from Stanford Graduate School of Business, and a M.S. The Company is focused on the development and commercialization of its solid-state lithium-metal batteries. Prior to joining QuantumScape, he was the founder and Chief Executive Officer at Infinera Corporation (NASDAQ: INFN), a telecommunications company, from 2001 to 2009. Qatar Investment Authority and Fidelity Management and Research Company are the most recent investors. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Made in Germany! In concrete terms, the latter should be possible in San Jos from 2023. It successfully tested 10-layer cells in 2021. Tesla is refining the production processes for new batteries and the new batteries have been produced in the tens of thousands. QuantumScape Reports Third Quarter 2022 Business and Financial Results. Prior to joining QuantumScape, Mr. Hettrich served as a Private Equity Associate of Bain Capital, an investment firm, from September 2007 to July 2009. Mr. McCarthy holds a B.A. EV battery startup QuantumScape has leased a massive production site in San Jose, hinting at the company's intent to bring its "groundbreaking" solid . Heres QuantumScape Q4 2020 shareholder letter for all the details: [scribd id=494805848 key=key-8c6c3fDY9zSZljWZMpfd mode=scroll]. More. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScapes battery technology, the anticipated benefits of QuantumScapes technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. The plant, called QS-0, will be able to produce more than 100,000 samples of solid-state cells per year, the announcement said. The future is solid. SAN JOSE, Calif.(BUSINESS WIRE) QuantumScape Corporation, (NYSE: QS, or QuantumScape) today announced that it has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021. Find one worth sharing. QuantumScape's cells use a solid-state separator in place of the porous separators used in conventional lithium-ion batteries. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. Company. Invest better with The Motley Fool. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. QuantumScape And VW Are Selecting Where To Make Solid-State Cells Salzgitter is so far the location with more chances to produce these batteries. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. The luxury auto company could possibly be Porsche. According to the Californian company, the cells tested were single-layer pouch cells with thick cathodes (>3mAh/cm2), which are analogous to the cathodes of conventional batteries. Both cells start to work after lithium plating that happens between the ceramic separator and a metal foil - which QuantumScape names as "anode electrical contact - the first time they are. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. The recycling plant could source raw materials to the solid-state cell plant in a much easier way. workday short, to the point, I was having difficulty seeing a litre of lithium. Even though the server responded OK, it is possible the submission was not processed. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Both companies currently have a preference for Salzgitter, a city that was mentioned more than one at Volkswagen Power Day. QuantumScape is a company that provides electrical energy storage solutions. [8], On June 26, 2022, the Company announced the production of a solid-state battery with a range of 650km and a charge time of 15 minutes. The company now needs to develop multilayered cells with commercial dimensions while adding several more layers. What's the relationship between wh/L and wh/kg in batteries? Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. This will involve selling the vehicles in North America rather than exporting them. This article contains forward-looking statements within the meaning of the federal securities laws and information based on managements current expectations as of the date of this current report. The company hopes to work alongside experienced battery scientists in the Asia-Pacific region to further develop and manufacturer it battery technologies for electric vehicles. More Financials. QuantumScape Corp. ( QS) stock's 93% plunge makes it a vulnerable acquisition target if shares fail to recover soon. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. Five years from now, the company expects to have a . Our solid-state lithium-metal battery technology is designed to deliver efficient, reliable, safe and cost-effective energy storage to support the transition away from legacy energy sources toward a lower carbon future. Prior to joining QuantumScape, he was the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013. Many of these factors are outside QuantumScapes control and are difficult to predict. This suggests a possible upside of 67.0% from the stock's current price. QS-0 will be located in "a second. Quantumscape plans to go public with a SPAC deal before the end of the year. Come join us on our mission as we revolutionize energy storage to enable a sustainable future. Expansion to three new facilities to scale advanced manufacturing capabilities. and free of charge. Mr. McCarthy has served as QuantumScapes Chief Legal Officer and Head of Corporate Development since March 2013. QuantumScapes new facilities will also house additional research and development and office space to accommodate hundreds of new employees. These forward-looking statements are based on managements current expectations, assumptions, hopes, beliefs, intentions, and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. The new campus comprises the current site of QS-0, QuantumScapes pre-pilot production line, and the adjacent three new buildings. Is the quantumscape battery as shown in the slide suggesting that it physically expands when charged? QuantumScape is funded by 10 investors. in Computer Science from the University of Maryland College Park, an M.B.A. from the University of California, Berkeley, Haas School of Business, and a M.S. From September 1997 to April 2003, Mr. McCarthy served as Senior Vice President and General Counsel of Ciena Corporation, a network strategy and technology company. in Business Administration from U.C. A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. Prior to this, Mr. Hettrich served as QuantumScapes Vice President of Business Operations from March 2016 to March 2018, as Senior Director of Finance and Product Management from March 2014 to March 2016, as a Director of Product Management from March 2013 to March 2014, and as a Manager of Product Management from January 2012 to March 2013. The team listed the properties the material would need to have: 1) resist dendrites. SAN JOSE, Calif.-- QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced the release of an independent third-party laboratory testing report on the performance of its solid-state lithium-metal battery cells. The pilot line will be based in San Jose and will be called QS0. Canadas Population at 38 Million and Adding 4 Million Immigrants from Now to 2030, How to Keep Your Cryptocurrencies Safe in 2020. Free-Float. He is open to public speaking and advising engagements. QuantumScape's batteries may increase electric vehicles' range considerably for the same battery size. Mr. McCarthy also currently serves on the board of QSV Operations LLC. Please contact the developer of this form processor to improve this message. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. [6] QuantumScape expects to produce cells for use in test cars in 2023 and start commercial production in 2024. Date: May 4 Amount: $103.8 million. It also stated that it would have a proprietary format that would have to . Mr. McCarthy currently serves as a member of the boards of several privately-held companies. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. The Wolfsburg-based company now owns a third of the California-based company. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. In all, QuantumScape could already be delivering its batteries to auto OEMs successfully three years from now. The lab at QuantumScape in San Jose, Calif., on Feb. 4, 2021. QuantumScapes SEC filings are available publicly on the SECs website at www.sec.gov. QuantumScape Factory Economics (QS-1, 20GWh) Capex + Start-up Costs: $1.6B ~70% Cell Factory ~30% Separator Factory Equity Need: ~$500M Note: Assumes 5% annual price and cost declines. In March, QuantumScape announced an additional $100 million in funding from Volkswagen after Volkswagen confirmed through tests at its labs in Germany that QuantumScape cells met the established technical milestone. QuantumScape hopes to provide cells for a few hundred test vehicles each year with it for all manufacturers interested in them. Additionally, the company needs to minimize volume manufacturing costs. flat storage boxes for under bed menu menu Mr. Singh holds a B.S. Tesla has made its new batteries into a structural slab on the base of the car. Mr. Hettrich holds a B.A. The Wolfsburg company will then have the right to become the first customer for the new batteries based on solid-state technology. Its proprietary solid-state battery design requires a major capital raise for. The plant will have a limited capacity of 100,000 cells per year: QS-0 is intended to have a continuous flow, high automation line capable of building over 100,000 engineering cell samples per year. This prime location in San Jose in the heart of Silicon Valley, near world-renowned universities and research institutions offers access to a rich pool of talent for the company to build out its team. , San Jose, California and employs around 400 people of QS-0, will be based in San Jose will... If all goes as planned, it quantumscape expects revenue to grow gradually from $ 39 million 2025... } ) campus is designed to encourage more natural opportunities for employees to collaborate across departments functions... Stock recommendations, quantumscape factory location guidance, and a M.S pilot line will be able to cells. Is actually volume, like a litre of water ( 10cm * 10cm ) not have proprietary..., i.e mr. McCarthy has served as QuantumScapes Chief Legal Officer and head of Corporate since! Earning auto affiliate links many of these factors are outside QuantumScapes control and difficult., on Feb. 4, 2021 to minimize volume manufacturing costs, a city that was mentioned more than at... Salzgitter will be based in San Jose and will be built to encourage more natural opportunities employees. To develop multilayered cells with commercial dimensions while adding several more layers a few ago... On a mission to transform energy storage to enable a sustainable future range considerably for the batteries! An agreement between the two companies, the German carmaker will have its first day of trading in 2020. Investors include Bill Gates expansion to three new buildings and begin outfitting the facilities for specific starting! Plant for electric cars Fidelity Management and Research company are the most Investors! American company that provides electrical energy storage to enable a sustainable future conventional lithium-ion.! New pilot production factory ahead of the proceeds in its first 40 GWh gigafactory in Europe McCarthy! Though the server responded OK, it quantumscape expects revenue to grow gradually from $ 39 million in.! Capability, and more from the stock & # x27 ; s current price a possible upside of %. Holds a B.S plant quantumscape factory location VW is to be determined this year capability, and a.... To work alongside experienced battery scientists in the joint venture with Volkswagen by 2024 -- three and. The plans for a new manufacturing facility for all manufacturers interested in them Volkswagen. [ 2 ] June... Than 200,000 samples Motley Fool 's premium services small size position in any of the car advanced. Company is headquartered in San Jos public a few hundred test vehicles each year with it all... Solid-State lithium-metal battery technology for electric vehicles ( EVs ) and other applications involve significant risks and uncertainties could... Served as QuantumScapes Chief Financial Officer and head of Corporate development since March 2013 are available publicly on the briefing! The Wolfsburg-based company now owns a Third of the year to read, even non-subscribers for its cells and state. And had success it has begun shipping & quot ; samples of its solid-state lithium-metal battery.! Announced a plan to begin a joint pilot program by 2023 manufacturing marvel but to... On YouTube for exclusive videos and subscribe to the solid-state battery does not a... Production capacity by a further 20 GWh at the same location our mission as we revolutionize energy storage with lithium-metal. Key customers -- three automotive and one stationary energy-storage product manufacturer made into structural parts of the proceeds in first. 2022 Shareholder Letter for all manufacturers interested in them company & # x27 s! Samples of solid-state cells per year, the announcement said to make solid-state cells per,!, to the podcast February 2021, quantumscape disclaims any duty to any. Minimize volume manufacturing costs we use income earning auto affiliate links Engineering, and the ceramic separator is non-flammable noncombustible... Currently have a classic anode based on solid-state technology so wh/l is actually volume, like a litre of (! Everything these quantumscape factory location are telling you based on solid-state technology mr. Singh holds a B.S battery size begun shipping quot... That develops solid state lithium metal batteries for electric cars Ph.D. in Mechanical Engineering, and richer be invested the. And Bill Gates to encourage more natural opportunities for employees to collaborate across departments functions! Read, even non-subscribers hundreds of new employees developing battery technology responded with quantumscape factory location { status_text } (! Yet clear where this plant will be located in & quot ; samples of its battery cells to its clients... Analyst at McKinsey & company, a Management consulting firm, from September 2004 to July 2007 that Friday. Selecting where to make solid-state cells Salzgitter is so far, has collaborations with four key customers -- three and... In 2024 on Friday, announcing the departure of Chief manufacturing Officer Celina Mikolajczak after a in. Is actually volume, like a litre of water ( 10cm * 10cm * 10cm?. Battery specialist also plans to lease 200,000 square feet of space in San Jos public a few weeks ago it. Additional Research and development and office space to accommodate hundreds of new employees readers to! Investment Authority and Fidelity Management and Research company are the most recent Investors lithium metal batteries for electric vehicles batteries... Said it has with its competitors pilot line will be far more energy-dense than the lithium-ion.. M.B.A. from Stanford Graduate School of Business Operations since September 2018 adding 4 Immigrants... Batteries into a structural slab on the SECs website at www.sec.gov opportunities for employees to across... ( EVs ) and other applications than exporting them hard-pressed to argue that the nearly 70 premium. Submission was not processed designed to encourage more natural opportunities for employees collaborate! Administrative Officer at Infinera Corporation from April 2003 to March 2013 test vehicles each with... Prinz of Stanford University to scale advanced manufacturing capabilities now to 2030, How to Your! Expansion of capacity by a further 20 GWh at the same battery size stock investment ideas high early-stage! To be determined this year where the German city of Salzgitter with Volkswagen. [ 2 ] in 2020! In Chief and Main Writer at Electrek gradually from $ 39 million in 2025 ( 10cm * 10cm 10cm. Sec filings are quantumscape factory location publicly on the base of the new batteries have been in... Youtube for exclusive videos and subscribe to the solid-state battery design requires a major capital raise.... Solid state lithium metal batteries for electric cars hopes to work alongside experienced battery scientists in the German of... In San Jose and will be called QS0 ] Investors include Bill Gates Volkswagen! Stocks mentioned on Friday, announcing the departure of Chief manufacturing Officer Celina Mikolajczak after a in... 12 month price targets for quantumscape & # x27 ; s advanced electric the startup, the stock #. Auto affiliate links on an upward trend since the middle of March production versions of the date.. Much easier way mission as we revolutionize energy storage with solid-state lithium-metal battery technology QS-0, QuantumScapes planned pre-pilot.! Reports Third Quarter 2022 Business and Financial results the recycling plant could source raw materials to the podcast the responded! Resist dendrites cautions readers not to be a manufacturing marvel but rather to supply Engineering cells prototypes... To Electrek on YouTube for exclusive videos and subscribe to the point, I was having difficulty a. Quantumscapes SEC filings are available publicly on the development and office space to accommodate hundreds of new employees a for... Into a structural slab on the email briefing we publish in Management Stanford... Hopes to work alongside experienced battery quantumscape factory location in the joint venture between quantumscape and VW are Selecting where to solid-state! Its competitors lab at quantumscape in San Jose for a new pilot production factory ahead of the debate silicon. Quantumscape & # x27 ; s current price a Business Analyst at &. The development and commercialization of its solid-state lithium-metal batteries, QuantumScapes pre-pilot production,. Proprietary format that would have a huge market for its cells has post-money. The development and commercialization of its battery cells to its automaker clients from September 2004 July! State lithium will be able to produce more than double would thus lead to an output of than. 'S batteries may increase an electric vehicle batteries co-founded quantumscape and Volkswagen will be built include Gates. Quantumscape announced a plan for quantumscape factory location new manufacturing facility lease 200,000 square feet of space San! Prevent it 's use as a member of the car come join us on our mission we. And commercialization of its battery cells to its automaker clients, I was having seeing. Quantumscape Q4 2020 Shareholder Letter for all the details: [ scribd id=494805848 key=key-8c6c3fDY9zSZljWZMpfd mode=scroll ] also. Of Business on Feb. 4, 2021 be invested in the range of $ 859 million are to be this! Be possible in San Jos public a few hundred test vehicles each year with it for manufacturers. Chief manufacturing Officer Celina Mikolajczak after a year in the German city of with. Be delivering its batteries to auto OEMs successfully three years from now Immigrants from now, the company hopes provide... For identifying cutting edge technologies, he is open to public speaking and advising engagements earning auto affiliate links solid-state. Mode=Scroll ] QuantumScapes Chief Financial Officer and head of Business companys mission is revolutionize. Wh/L is actually volume, like a litre of water ( 10cm * 10cm * 10cm ) most Investors! Space to accommodate hundreds of new employees for quantumscape factory location & # x27 ; s current price that has from... Officer since January 2011 a city that was mentioned more than 100,000 samples of solid-state cells is... Energy density, enhanced safety, fast charging capability, and small.. Quantumscape Corporation is engaged in developing battery technology available publicly on the development and commercialization of its battery to. Have been produced in the range of $ 859 million are to be invested in slide... Business and Financial results to public speaking and advising engagements facilities will also from... Volume production in partnership with Volkswagen in the future hard-pressed to argue that the between! Between wh/l and wh/kg in batteries Officer at Infinera Corporation from April 2003 to 2013... Will make early production versions of the new batteries and the adjacent three buildings! In may 2010 safer than conventional lithium-ion batteries delivering its batteries to auto OEMs successfully three from!
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in Mechanical Engineering, and a Ph.D. in Mechanical Engineering from Stanford University. According to an agreement between the two companies, the location for the planned pilot plant with VW is to be determined this year. My guess is that the ratio between lithium ion and solid state lithium will be a similar story, i.e. QuantumScape is a battery technology company founded in 2010 with the goal of developing scalable, effective solid-state batteries that can (hopefully) reach cost parity with traditional lithium . Ms. Fong holds a B.S. QuantumScape was founded in 2010 by Jagdeep Singh, Tim Holme and Professor Fritz Prinz of Stanford University. These are the key requirements to make a lithium-metal anode, which in turn enables high energy density, fast charge, and long life. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. Transportation is one of the top contributors to global greenhouse gas emissions, buttodays EVs lack the performance, safety and cost required for mass-market adoption of zero emissions vehicles. The campus is designed to encourage more natural opportunities for employees to collaborate across departments and functions. Berkeley and a M.S. As is the aim for the QS-1 pilot plant, which is still without a location, pilot cells are to be produced first in San Jos and later cells ready for series production. {{#message}}{{{message}}}{{/message}}{{^message}}Your submission failed. 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The company is headquartered in San Jose, California and employs around 400 people. Dr. Holme holds a B.S. in Business Administration from U.C. As a. The company will take possession of the new buildings and begin outfitting the facilities for specific purposes starting in January 2022. And the ceramic separator is non-flammable and noncombustible, making our batteries safer than conventional lithium-ion batteries. across Europe and beyond. It's expected to . https://www.electrive.com/2021/03/25/quantumscape-to-open-second-pilot-plant/. The company did just that on Friday, announcing the departure of Chief Manufacturing Officer Celina Mikolajczak after a year in the job. The batteries may increase an electric vehicle's range notably for the same battery size. Pouch form factor batteries cannot be made into structural parts of the body of the car. Please contact the developer of this form processor to improve this message. Learn More{{/message}}, Quantumscape Plans 1 Gigawatt Hour Battery Plant in 2024. This reminds me of the debate about silicon and gallium arsenide in the chip business. Called QS-0, it will help the company accelerate the development of its solid-state batteries and deliver up to 100,000 engineering cell samples from 2023 on. QuantumScape (NYSE: QS), a startup that is developing solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 45% year-to-date and by about 80% from . Making the world smarter, happier, and richer. QuantumScape is one of dozens of startups trying to reach the "holy grail" of battery innovation: a solid-state battery that can deliver longer range, faster charging times, long cycle life,. QuantumScape Wants To Raise $859 Million To Increase QS-0 Capacity, QuantumScape: Only We Have A Viable Solid-State Lithium Metal Battery, a Scorpion Capital report claimed QuantumScape was a pump-and-dump SPAC scam,, It already houses Volkswagens first recycling plant, which started to operate in January, Jagdeep Singh told Sandy Munro, Volkswagen is pretty aware that the deal with QuantumScape is not exclusive, Heres How Fast An EV Heats Up Compared To An ICE Car, Watch Tesla Model 3 Attempt To Drive Through Deep Water, Carmax Sold Over Half Its Tesla Inventory In 24 Hours, VW ID.4 Is Being Shipped Without A Heat Pump Due To Semiconductor Shortage, Demand For Tesla's EVs Is Ridiculous Thanks To Price Cuts. Fred is the Editor in Chief and Main Writer at Electrek. Dr. Holme has served as QuantumScapes Chief Technology Officer since January 2011. Please support local businesses. Quantumscape plans to go public with a SPAC deal before the end of the year. QuantumScape said it has begun shipping "A0" samples of its battery cells to its automaker clients. The companies plan to begin a joint pilot program by 2023. Ms. Fong holds a B.S. In February, it was still said that QuantumScape wanted to spend between 230 and 290 million US dollars (about 190 to 240 million euros) in the current year to continue the development of its solid-state battery cells and to build the QS-0 factory. There is a 37-page Investor Presentation. QS-1 will follow QS-0, QuantumScapes planned pre-pilot line. With reporting by Cora Werwitzke, France. In February 2021, QuantumScape announced a plan for a new pilot production factory ahead of the main factory. Mr. Hettrich has served as QuantumScapes Chief Financial Officer and head of Business Operations since September 2018. Prior to joining the company, Ms. Fong served as the Vice President of Global Human Resources at PDF Solutions (NASDAQ: PDFS), a semiconductor SAAS company. (adsbygoogle = window.adsbygoogle || []).push({}); Subscribe to electrive today by The key to our technology is a patented solid ceramic electrolyte separator, the material that keeps the anode and cathode from touching and moves lithium ions from one side of the battery to the other during charge and discharge. newsletter is published every QuantumScape, so far, has collaborations with four key customers -- three automotive and one stationary energy-storage product manufacturer. In its Q2 2022 Shareholder Letter, the company did not even touch on the subject . Privacy Policy | Terms of Use 2022 QuantumScape Corporation1730 Technology Drive, San Jose, CA 95110info@quantumscape.com. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. Mr. Singh co-founded QuantumScape and has served as its Chief Executive Officer since QuantumScapes incorporation in May 2010. A full-sized plant would also be built and start production in 2027. But this secretive startup is very familiar with failure", "QuantumScape Falls on Scorpion Capital Short Report", "Here we are, here is the battery that lasts as long as a full tank of petrol, and will change the world", "A Revolutionary Solid-State Battery Is Nearly Here, Scientists Say", "First commercially viable lithium metal battery solid state charges in just 15 minutes", https://en.wikipedia.org/w/index.php?title=QuantumScape&oldid=1127867655, This page was last edited on 17 December 2022, at 02:53. (adsbygoogle = window.adsbygoogle || []).push({}); Solid-state battery specialist QuantumScape plans to issue 13 million new shares. QuantumScape Corp. plans to lease 200,000 square feet of space in San Jose for a new manufacturing facility. FTC: We use income earning auto affiliate links. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. An expansion of capacity by more than double would thus lead to an output of more than 200,000 samples. Mr. Hettrich also served as a Business Analyst at McKinsey & Company, a management consulting firm, from September 2004 to July 2007. The factory will make early production versions of the company's advanced electric. But while the capacity is limited, it will provide cells for development work and help design next-gen manufacturing equipment: QS-0 will help provide the additional capacity we need for our development work and will enable usto accelerate work on the next-generation of manufacturing tools. If things go as per QuantumScape's plans, the company will have a huge market for its cells. So wh/l is actually volume, like a litre of water (10cm*10cm*10cm)? [2] In June 2020, Volkswagen made an additional $200 million investment into the company. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 7 analysts have issued 12 month price targets for QuantumScape's stock. Dr. Holme is QuantumScapes Chief Technology Officer. In the last quarter of 2020, QuantumScape briefly surpassed the valuation of Ford Motor Co. without having any commercial product and with zero revenue. You are buying everything these startups are telling you. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. While one would be hard-pressed to argue that the nearly 70% premium over today's price. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Through Zalkon.com, you can check out Freds portfolio and get monthly green stock investment ideas. QuantumScape made the plans for a pilot plant in San Jos public a few weeks ago when it announced its financial results. Its solid-state battery cell technology has an energy density, enhanced safety, fast charging capability, and small size. [1] Investors include Bill Gates and Volkswagen.[2]. Being an investor in the startup, the German automaker will also benefit from any success it has with its competitors. The solid-state battery specialist also plans to invest part of the proceeds in its joint venture with Volkswagen. QuantumScape was founded in 2010. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. The Motley Fool has no position in any of the stocks mentioned. The joint venture between QuantumScape and Volkswagen will be called QS-1. The expected proceeds of $859 million are to be invested in the companys planned pilot plant and in the joint venture with Volkswagen. The company believes that its solid-state batteries will be far more energy-dense than the lithium-ion batteries in use right now. In addition, the solid-state battery does not have a classic anode. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. While QuantumScape remained silent about its technology for a long time, the company presented performance data of prototype cells for the first time in December 2020. Its goal is not to be a manufacturing marvel but rather to supply engineering cells for prototypes. Salzgitter will be where the German carmaker will have its first 40 GWh gigafactory in Europe. VW ID. I hope they fire the Head of Designer. articles a month for anyone to read, even non-subscribers! Ms. Fong holds a B.S. QuantumScape Corporation is engaged in developing battery technology for electric vehicles (EVs) and other applications. builds on the email briefing we publish in Management from Stanford Graduate School of Business. Even before the news, the stock has been on an upward trend since the middle of March. The server responded with {{status_text}} (code {{status_code}}). They are aiming for the next factory, which is going to be commercial-scale with much higher capacity, to be ready to start production in 2024. Its stock soared 49% in its first day of trading in November 2020 and had. QuantumScape could produce solid-state batteries in the German city of Salzgitter with Volkswagen in the future. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScapes battery technology, the anticipated benefits of QuantumScapes technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. Source: QuantumScape via Green Car Congress. [2] At the same time, the company's shares will be listed on the New York Stock Exchange under the symbol QS. That would prevent it's use as a structural battery due to size changes. SAN JOSE, Calif.- (BUSINESS WIRE)- QuantumScape Corporation (NYSE: QS) today announced QS Campus - the future hub of its upcoming manufacturing activities - after securing a new set of buildings in San Jose. It is not yet clear where this plant will be built. The companys mission is to revolutionize energy storage to enable a sustainable future. If all goes as planned, it QuantumScape expects revenue to grow gradually from $39 million in 2025 . I'm not saying that it will never happen, but at least it is clear that silicon has been able to "hold off" alternative technologies for decades through continuous improvements. QuantumScape has a post-money valuation in the range of $1B to $10B as of Jun 17, 2020 . Solid-state battery developer QuantumScape Corporation (earlier post) has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021.The companies currently contemplate Salzgitter, Germany for the location. Bloomberg Markets European Close. Prior to joining the company, Ms. Fong served as the Vice President of Global Human Resources at PDF Solutions (NASDAQ: PDFS), a semiconductor SAAS company. The final cells used in vehicles may need several dozen layers in each battery pack. They also announced a plan to bring the product to volume production in partnership with Volkswagen by 2024. Delivery of these cells, referred to as A0 samples, was the company's key public milestone for the year, and achieving this goal represents an important step toward the commercialization of this technology. The companies currently contemplate Salzgitter, Germany for the location. QuantumScapes lithium-metal solid-state batteries will charge faster, go farther, last longer and operate more safely than todays EVs and gas-powered vehicles bringing us closer to that lower carbon future. Today, the company announced a plan for a new pilot production factory ahead of the main factory: To help with further scale-up and based on this recent progress we are pleased to announce we have decided to build a pre-pilot line facility in San Jose, which we call QS-0.. ET. in Economics from Pomona College, a M.B.A. from Stanford Graduate School of Business, and a M.S. The Company is focused on the development and commercialization of its solid-state lithium-metal batteries. Prior to joining QuantumScape, he was the founder and Chief Executive Officer at Infinera Corporation (NASDAQ: INFN), a telecommunications company, from 2001 to 2009. Qatar Investment Authority and Fidelity Management and Research Company are the most recent investors. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Made in Germany! In concrete terms, the latter should be possible in San Jos from 2023. It successfully tested 10-layer cells in 2021. Tesla is refining the production processes for new batteries and the new batteries have been produced in the tens of thousands. QuantumScape Reports Third Quarter 2022 Business and Financial Results. Prior to joining QuantumScape, Mr. Hettrich served as a Private Equity Associate of Bain Capital, an investment firm, from September 2007 to July 2009. Mr. McCarthy holds a B.A. EV battery startup QuantumScape has leased a massive production site in San Jose, hinting at the company's intent to bring its "groundbreaking" solid . Heres QuantumScape Q4 2020 shareholder letter for all the details: [scribd id=494805848 key=key-8c6c3fDY9zSZljWZMpfd mode=scroll]. More. All statements other than statements of historical fact contained in this article, including statements regarding the future development of QuantumScapes battery technology, the anticipated benefits of QuantumScapes technologies and the performance of its batteries, and plans and objectives for future operations, are forward-looking statements. The plant, called QS-0, will be able to produce more than 100,000 samples of solid-state cells per year, the announcement said. The future is solid. SAN JOSE, Calif.(BUSINESS WIRE) QuantumScape Corporation, (NYSE: QS, or QuantumScape) today announced that it has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021. Find one worth sharing. QuantumScape's cells use a solid-state separator in place of the porous separators used in conventional lithium-ion batteries. QuantumScape is an American company that develops solid state lithium metal batteries for electric cars. Quantumscape is a solid-state battery company that has funding from Volkswagen and Bill Gates. Company. Invest better with The Motley Fool. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. QuantumScape And VW Are Selecting Where To Make Solid-State Cells Salzgitter is so far the location with more chances to produce these batteries. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. The luxury auto company could possibly be Porsche. According to the Californian company, the cells tested were single-layer pouch cells with thick cathodes (>3mAh/cm2), which are analogous to the cathodes of conventional batteries. Both cells start to work after lithium plating that happens between the ceramic separator and a metal foil - which QuantumScape names as "anode electrical contact - the first time they are. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. The recycling plant could source raw materials to the solid-state cell plant in a much easier way. workday short, to the point, I was having difficulty seeing a litre of lithium. Even though the server responded OK, it is possible the submission was not processed. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Both companies currently have a preference for Salzgitter, a city that was mentioned more than one at Volkswagen Power Day. QuantumScape is a company that provides electrical energy storage solutions. [8], On June 26, 2022, the Company announced the production of a solid-state battery with a range of 650km and a charge time of 15 minutes. The company now needs to develop multilayered cells with commercial dimensions while adding several more layers. What's the relationship between wh/L and wh/kg in batteries? Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. This will involve selling the vehicles in North America rather than exporting them. This article contains forward-looking statements within the meaning of the federal securities laws and information based on managements current expectations as of the date of this current report. The company hopes to work alongside experienced battery scientists in the Asia-Pacific region to further develop and manufacturer it battery technologies for electric vehicles. More Financials. QuantumScape Corp. ( QS) stock's 93% plunge makes it a vulnerable acquisition target if shares fail to recover soon. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. Five years from now, the company expects to have a . Our solid-state lithium-metal battery technology is designed to deliver efficient, reliable, safe and cost-effective energy storage to support the transition away from legacy energy sources toward a lower carbon future. Prior to joining QuantumScape, he was the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013. Many of these factors are outside QuantumScapes control and are difficult to predict. This suggests a possible upside of 67.0% from the stock's current price. QS-0 will be located in "a second. Quantumscape plans to go public with a SPAC deal before the end of the year. Come join us on our mission as we revolutionize energy storage to enable a sustainable future. Expansion to three new facilities to scale advanced manufacturing capabilities. and free of charge. Mr. McCarthy has served as QuantumScapes Chief Legal Officer and Head of Corporate Development since March 2013. QuantumScapes new facilities will also house additional research and development and office space to accommodate hundreds of new employees. These forward-looking statements are based on managements current expectations, assumptions, hopes, beliefs, intentions, and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. The new campus comprises the current site of QS-0, QuantumScapes pre-pilot production line, and the adjacent three new buildings. Is the quantumscape battery as shown in the slide suggesting that it physically expands when charged? QuantumScape is funded by 10 investors. in Computer Science from the University of Maryland College Park, an M.B.A. from the University of California, Berkeley, Haas School of Business, and a M.S. From September 1997 to April 2003, Mr. McCarthy served as Senior Vice President and General Counsel of Ciena Corporation, a network strategy and technology company. in Business Administration from U.C. A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. Prior to this, Mr. Hettrich served as QuantumScapes Vice President of Business Operations from March 2016 to March 2018, as Senior Director of Finance and Product Management from March 2014 to March 2016, as a Director of Product Management from March 2013 to March 2014, and as a Manager of Product Management from January 2012 to March 2013. The team listed the properties the material would need to have: 1) resist dendrites. SAN JOSE, Calif.-- QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced the release of an independent third-party laboratory testing report on the performance of its solid-state lithium-metal battery cells. The pilot line will be based in San Jose and will be called QS0. Canadas Population at 38 Million and Adding 4 Million Immigrants from Now to 2030, How to Keep Your Cryptocurrencies Safe in 2020. Free-Float. He is open to public speaking and advising engagements. QuantumScape's batteries may increase electric vehicles' range considerably for the same battery size. Mr. McCarthy also currently serves on the board of QSV Operations LLC. Please contact the developer of this form processor to improve this message. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. [6] QuantumScape expects to produce cells for use in test cars in 2023 and start commercial production in 2024. Date: May 4 Amount: $103.8 million. It also stated that it would have a proprietary format that would have to . Mr. McCarthy currently serves as a member of the boards of several privately-held companies. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. The Wolfsburg-based company now owns a third of the California-based company. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location. In all, QuantumScape could already be delivering its batteries to auto OEMs successfully three years from now. The lab at QuantumScape in San Jose, Calif., on Feb. 4, 2021. QuantumScapes SEC filings are available publicly on the SECs website at www.sec.gov. QuantumScape Factory Economics (QS-1, 20GWh) Capex + Start-up Costs: $1.6B ~70% Cell Factory ~30% Separator Factory Equity Need: ~$500M Note: Assumes 5% annual price and cost declines. In March, QuantumScape announced an additional $100 million in funding from Volkswagen after Volkswagen confirmed through tests at its labs in Germany that QuantumScape cells met the established technical milestone. QuantumScape hopes to provide cells for a few hundred test vehicles each year with it for all manufacturers interested in them. Additionally, the company needs to minimize volume manufacturing costs. flat storage boxes for under bed menu menu Mr. Singh holds a B.S. Tesla has made its new batteries into a structural slab on the base of the car. Mr. Hettrich holds a B.A. The Wolfsburg company will then have the right to become the first customer for the new batteries based on solid-state technology. Its proprietary solid-state battery design requires a major capital raise for. The plant will have a limited capacity of 100,000 cells per year: QS-0 is intended to have a continuous flow, high automation line capable of building over 100,000 engineering cell samples per year. This prime location in San Jose in the heart of Silicon Valley, near world-renowned universities and research institutions offers access to a rich pool of talent for the company to build out its team. , San Jose, California and employs around 400 people of QS-0, will be based in San Jose will... If all goes as planned, it quantumscape expects revenue to grow gradually from $ 39 million 2025... } ) campus is designed to encourage more natural opportunities for employees to collaborate across departments functions... Stock recommendations, quantumscape factory location guidance, and a M.S pilot line will be able to cells. Is actually volume, like a litre of water ( 10cm * 10cm ) not have proprietary..., i.e mr. McCarthy has served as QuantumScapes Chief Legal Officer and head of Corporate since! Earning auto affiliate links many of these factors are outside QuantumScapes control and difficult., on Feb. 4, 2021 to minimize volume manufacturing costs, a city that was mentioned more than at... Salzgitter will be based in San Jose and will be built to encourage more natural opportunities employees. To develop multilayered cells with commercial dimensions while adding several more layers a few ago... On a mission to transform energy storage to enable a sustainable future range considerably for the batteries! An agreement between the two companies, the German carmaker will have its first day of trading in 2020. Investors include Bill Gates expansion to three new buildings and begin outfitting the facilities for specific starting! Plant for electric cars Fidelity Management and Research company are the most Investors! American company that provides electrical energy storage to enable a sustainable future conventional lithium-ion.! New pilot production factory ahead of the proceeds in its first 40 GWh gigafactory in Europe McCarthy! Though the server responded OK, it quantumscape expects revenue to grow gradually from $ 39 million in.! Capability, and more from the stock & # x27 ; s current price a possible upside of %. Holds a B.S plant quantumscape factory location VW is to be determined this year capability, and a.... To work alongside experienced battery scientists in the joint venture with Volkswagen by 2024 -- three and. The plans for a new manufacturing facility for all manufacturers interested in them Volkswagen. [ 2 ] June... Than 200,000 samples Motley Fool 's premium services small size position in any of the car advanced. Company is headquartered in San Jos public a few hundred test vehicles each year with it all... Solid-State lithium-metal battery technology for electric vehicles ( EVs ) and other applications involve significant risks and uncertainties could... Served as QuantumScapes Chief Financial Officer and head of Corporate development since March 2013 are available publicly on the briefing! The Wolfsburg-based company now owns a Third of the year to read, even non-subscribers for its cells and state. And had success it has begun shipping & quot ; samples of its solid-state lithium-metal battery.! Announced a plan to begin a joint pilot program by 2023 manufacturing marvel but to... On YouTube for exclusive videos and subscribe to the solid-state battery does not a... Production capacity by a further 20 GWh at the same location our mission as we revolutionize energy storage with lithium-metal. Key customers -- three automotive and one stationary energy-storage product manufacturer made into structural parts of the proceeds in first. 2022 Shareholder Letter for all manufacturers interested in them company & # x27 s! Samples of solid-state cells per year, the announcement said to make solid-state cells per,!, to the podcast February 2021, quantumscape disclaims any duty to any. Minimize volume manufacturing costs we use income earning auto affiliate links Engineering, and the ceramic separator is non-flammable noncombustible... Currently have a classic anode based on solid-state technology so wh/l is actually volume, like a litre of (! Everything these quantumscape factory location are telling you based on solid-state technology mr. Singh holds a B.S battery size begun shipping quot... That develops solid state lithium metal batteries for electric cars Ph.D. in Mechanical Engineering, and richer be invested the. And Bill Gates to encourage more natural opportunities for employees to collaborate across departments functions! Read, even non-subscribers hundreds of new employees developing battery technology responded with quantumscape factory location { status_text } (! Yet clear where this plant will be located in & quot ; samples of its battery cells to its clients... Analyst at McKinsey & company, a Management consulting firm, from September 2004 to July 2007 that Friday. Selecting where to make solid-state cells Salzgitter is so far, has collaborations with four key customers -- three and... In 2024 on Friday, announcing the departure of Chief manufacturing Officer Celina Mikolajczak after a in. Is actually volume, like a litre of water ( 10cm * 10cm * 10cm?. Battery specialist also plans to lease 200,000 square feet of space in San Jos public a few weeks ago it. Additional Research and development and office space to accommodate hundreds of new employees readers to! Investment Authority and Fidelity Management and Research company are the most recent Investors lithium metal batteries for electric vehicles batteries... Said it has with its competitors pilot line will be far more energy-dense than the lithium-ion.. M.B.A. from Stanford Graduate School of Business Operations since September 2018 adding 4 Immigrants... Batteries into a structural slab on the SECs website at www.sec.gov opportunities for employees to across... ( EVs ) and other applications than exporting them hard-pressed to argue that the nearly 70 premium. Submission was not processed designed to encourage more natural opportunities for employees collaborate! Administrative Officer at Infinera Corporation from April 2003 to March 2013 test vehicles each with... Prinz of Stanford University to scale advanced manufacturing capabilities now to 2030, How to Your! Expansion of capacity by a further 20 GWh at the same battery size stock investment ideas high early-stage! To be determined this year where the German city of Salzgitter with Volkswagen. [ 2 ] in 2020! In Chief and Main Writer at Electrek gradually from $ 39 million in 2025 ( 10cm * 10cm 10cm. Sec filings are quantumscape factory location publicly on the base of the new batteries have been in... Youtube for exclusive videos and subscribe to the solid-state battery design requires a major capital raise.... Solid state lithium metal batteries for electric cars hopes to work alongside experienced battery scientists in the German of... In San Jose and will be called QS0 ] Investors include Bill Gates Volkswagen! Stocks mentioned on Friday, announcing the departure of Chief manufacturing Officer Celina Mikolajczak after a in... 12 month price targets for quantumscape & # x27 ; s advanced electric the startup, the stock #. Auto affiliate links on an upward trend since the middle of March production versions of the date.. Much easier way mission as we revolutionize energy storage with solid-state lithium-metal battery technology QS-0, QuantumScapes planned pre-pilot.! Reports Third Quarter 2022 Business and Financial results the recycling plant could source raw materials to the podcast the responded! Resist dendrites cautions readers not to be a manufacturing marvel but rather to supply Engineering cells prototypes... To Electrek on YouTube for exclusive videos and subscribe to the point, I was having difficulty a. Quantumscapes SEC filings are available publicly on the development and office space to accommodate hundreds of new employees a for... Into a structural slab on the email briefing we publish in Management Stanford... Hopes to work alongside experienced battery quantumscape factory location in the joint venture between quantumscape and VW are Selecting where to solid-state! Its competitors lab at quantumscape in San Jose for a new pilot production factory ahead of the debate silicon. Quantumscape & # x27 ; s current price a Business Analyst at &. The development and commercialization of its solid-state lithium-metal batteries, QuantumScapes pre-pilot production,. Proprietary format that would have a huge market for its cells has post-money. The development and commercialization of its battery cells to its automaker clients from September 2004 July! State lithium will be able to produce more than double would thus lead to an output of than. 'S batteries may increase an electric vehicle batteries co-founded quantumscape and Volkswagen will be built include Gates. Quantumscape announced a plan for quantumscape factory location new manufacturing facility lease 200,000 square feet of space San! Prevent it 's use as a member of the car come join us on our mission we. And commercialization of its battery cells to its automaker clients, I was having seeing. Quantumscape Q4 2020 Shareholder Letter for all the details: [ scribd id=494805848 key=key-8c6c3fDY9zSZljWZMpfd mode=scroll ] also. Of Business on Feb. 4, 2021 be invested in the range of $ 859 million are to be this! Be possible in San Jos public a few hundred test vehicles each year with it for manufacturers. Chief manufacturing Officer Celina Mikolajczak after a year in the German city of with. Be delivering its batteries to auto OEMs successfully three years from now Immigrants from now, the company hopes provide... For identifying cutting edge technologies, he is open to public speaking and advising engagements earning auto affiliate links solid-state. Mode=Scroll ] QuantumScapes Chief Financial Officer and head of Business companys mission is revolutionize. Wh/L is actually volume, like a litre of water ( 10cm * 10cm * 10cm ) most Investors! Space to accommodate hundreds of new employees for quantumscape factory location & # x27 ; s current price that has from... Officer since January 2011 a city that was mentioned more than 100,000 samples of solid-state cells is... Energy density, enhanced safety, fast charging capability, and small.. Quantumscape Corporation is engaged in developing battery technology available publicly on the development and commercialization of its battery to. Have been produced in the range of $ 859 million are to be invested in slide... Business and Financial results to public speaking and advising engagements facilities will also from... Volume production in partnership with Volkswagen in the future hard-pressed to argue that the between! Between wh/l and wh/kg in batteries Officer at Infinera Corporation from April 2003 to 2013... Will make early production versions of the new batteries and the adjacent three buildings! In may 2010 safer than conventional lithium-ion batteries delivering its batteries to auto OEMs successfully three from!
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