QuantumScape(QS) - 2024 Q4 - Annual Results

Exhibit 99.1 Q4 fiscal 2024 letter to shareholders February 12, 2025 Dear shareholders, Our baseline currently uses the Raptor separator process for B0 cell production. The baseline has significantly improved yield and reliability as we have learned and refined the various sub-components of the process. Raptor in particular has demonstrated much improved separator quality and process stability, and will serve as the workhorse in separator production while we prepare to transition to Cobra. Cobra represents ...