Shares of QuantumScape (NYSE:QS) stock are spiking higher following an announcement from Volkswagen (OTCMKTS:VWAGY) battery subsidiary PowerCo. Back in 2018, Volkswagen agreed to invest $100 million into QuantumScape in order to take advantage of the company’s solid-state battery (SSB) potential. The two companies have a long history dating back to 2012.PowerCo recently announced the results of its A-sample endurance test for QuantumScape’s 24-layer SSB. The battery performed better than expected by complet ...

QuantumScape (QS 26.09%) stock roared higher in Thursday morning's trading. The battery technology specialist's share price was up 25.3% as of 10:50 a.m. ET, according to data from S&P Global Market Intelligence.Volkswagen's PowerCo subsidiary announced that it had completed a test of QuantumScape's solid-state lithium battery for electric vehicles (EVs), and the results were encouraging. The test found that the technology could be used to power up to 500,000 kilometers of travel in an EV with barely any lo ...

QuantumScape (NYSE:QS) has been teasing investors with the promise of solid-state batteries for years.The San Jose company said it was close to production last year. Then CEO Jagdeep Singh said improvements would be needed first.That message brought investors to QuantumScape from its founding in 2010. At one point, it was worth more than Ford Motor (NYSE:F) despite having no revenue. Both Volkswagen (OTCMKTS:VWAGY) and Qatar have invested in it.But promises won’t work anymore.The Posse Is ComingBesides the ...

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the three main ways QuantumScape (QS -3.54%) could bring its batteries out of the lab and start commercial operations. One is very high risk but also high reward, while the other two offer varying ways to reduce the risk, but also reduce the potential profits. Stocks discussed include Volkswagen (VWAGY -0.61%), Toyota (TM -1.29%), Tesla (TSLA -0.77%), and Panasonic (PCRFY 0.72%).*Stock prices used were from the morning of Dec. 19, ...

There was plenty of euphoric excitement over all things electric vehicle (EV) a few years ago. Every investor wanted to find the next Tesla. One way to play that was to invest in a company that would support the overall growth of EVs, rather than trying to pick the next successful EV maker.That's why shares of solid-state EV battery company QuantumScape (QS -3.54%) soared in late 2020 after the company went public. But much of that excitement was premature as the adoption of EVs and the development of new t ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2023 WASHINGTON, DC 20549 FORM 10-Q OR (Mark One) For the transition period from to ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39345 QUANTUMSCAPE CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 85-0796578 | | --- | --- | ...

Financial Data and Key Metrics Changes - For the full year 2023, the company maintains guidance on cash operating expenses of $225 million to $275 million and revises CapEx guidance to $75 million to $100 million, with approximately one-third of the reduction in expected CapEx due to realized savings [7][81] - The company ended Q3 with over $1.1 billion in liquidity, extending the forecasted cash runway into 2026 [109] Business Line Data and Key Metrics Changes - The QSE-5 cell format has been developed, demonstrating key aspects such as 24 layers, higher cathode loading, and improved packaging efficiency [3][40] - The company has achieved a significant milestone with the A0 prototype cell, which achieved over 1,000 cycles with over 95% capacity retention, setting a high-water mark for cycle life in automotive-format solid-state lithium-metal batteries [72][104] Market Data and Key Metrics Changes - The company is engaged with prospective customers in the consumer electronics sector and has entered into a technology evaluation agreement with a leading global player [4] - The automotive market remains the primary focus, with ongoing collaborations with a prospective launch customer for the QSE-5 cell [105][121] Company Strategy and Development Direction - The company aims to transition from prototype to product, focusing on the QSE-5 cell as its first commercial product [110] - The strategic outlook includes a commitment to scaling manufacturing processes and enhancing product reliability, with a focus on defect reduction and process automation [6][80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term market opportunity for their technology platform, potentially worth hundreds of billions of dollars annually [9] - The company acknowledges the challenges in scaling production but remains optimistic about the transformative potential of its technology and product roadmap [73][84] Other Important Information - The company has made significant progress in the Raptor process, which is designed to deliver up to three times the throughput of previous processes [5][19] - The newly hired President, Dr. Siva Sivaram, brings extensive experience in high-volume manufacturing, which is expected to bolster the company's capabilities [64][66] Q&A Session Summary Question: What are the expectations for the newly hired President, Dr. Siva Sivaram? - Management highlighted the importance of Siva's high-volume production experience and expertise in sophisticated manufacturing processes, which are crucial for the company's development stage [10] Question: Can you provide context on the $300 million follow-on offering closed in August? - The offering was timed based on product momentum and customer traction, aimed at supporting product development and manufacturing processes [100] Question: How is the company tracking against its 2023 goals? - Management confirmed that the company is on track to meet its goals, focusing on product development and manufacturing maturity [90] Question: What challenges are being faced in combining high cathode-loading with efficient packaging? - The company is focused on addressing these challenges through ongoing process enhancements and reliability improvements [96] Question: How does the company view the competitive landscape, particularly with Toyota's recent announcements? - Management acknowledged Toyota's endorsement of solid-state batteries but emphasized the unique challenges associated with sulfide-based approaches, which the company has also explored [121]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39345 QUANTUMSCAPE CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 85-0796578 | | --- | --- | | (S ...

QuantumScape Corporation (NYSE:QS) Q2 2023 Earnings Conference Call July 26, 2023 5:00 PM ET Company Participants John Saager - Investor Relations Jagdeep Singh - Co-Founder, Chief Executive Officer and Chairman Kevin Hettrich - Chief Financial Officer Conference Call Participants Winnie Dong - Deutsche Bank Chris Snyder - UBS Ben Kallo - Baird Jordan Levy - Truist Securities Operator Good day and welcome to QuantumScape's Second Quarter 2023 Earnings Conference Call. John Saager, QuantumScape's Vice Presid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39345 QUANTUMSCAPE CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 85-0796578 | | --- | --- | | ( ...