QuantumScape (QS) Earnings Call Presentation

Company Overview and Goals - QuantumScape has invested 13 years in R&D and has a team of over 800 employees focused on next-generation battery development[10] - The company has achieved milestones in 2023, including shipping unit cells with higher-loading cathodes and improving cell packaging efficiency[11] - QuantumScape's goals for 2024 include producing higher-volume QSE-5 prototype samples and developing manufacturing tools for scale production[13] Technology and Advantages - QuantumScape's anode-free lithium-metal technology offers compelling benefits over conventional lithium-ion batteries, including higher energy density and faster charging[8, 20] - The company's solid-state electrolyte-separator is designed for improved safety and dendrite resistance[23] - QuantumScape's anode-free approach significantly increases volumetric and gravimetric energy density and enables approximately 15-minute fast charge (10-80% at 45 ºC)[26] Performance and Testing - QuantumScape's 24-layer A0 prototype cell, tested by Volkswagen Group's PowerCo, achieved over 1,000 full cycle equivalents with over 95% energy retained[48] - The company's Alpha-2 prototype demonstrated fast charging, achieving a 10-80% charge at 45 ºC in under 15 minutes[52] - Single-layer pouch cells with zero externally applied pressure retained approximately 80% energy after 1,500–2,000 cycles[59] Commercialization and Partnerships - QuantumScape is positioned to transition from prototype to product and is on the fastest path to GWh scale[8] - Volkswagen Group (VW) has invested over $300 million in QuantumScape and has board representation[70] - PowerCo has been granted a non-exclusive license based on the QSE-5 platform, with a capacity of up to 80 GWh[90]