Companies join forces to advance world-leading lithium-metal technology toward mass-manufacturing for passenger electric vehicles
SALZGITTER, Germany & SAN JOSE, Calif.--(BUSINESS WIRE)--The Volkswagen Group’s PowerCo and QuantumScape enter groundbreaking agreement to industrialize QuantumScape’s 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.
Under the non-exclusive license, PowerCo can manufacture up to 40 gigawatt-hours (GWh) per year using QuantumScape’s technology with the option to expand up to 80 GWh annually, enough to outfit approximately one million vehicles per year. The companies believe this high-touch engagement represents the fastest way to achieve gigawatt-hour-scale production of solid-state technology to meet the growing global demand for better electric vehicle batteries. The agreement supersedes an earlier joint venture between the Volkswagen Group and QuantumScape to co-manufacture batteries....
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