VW-backed battery maker QuantumScape to go public at $3.3 billion valuation

Filed under: Earnings/Financials,Green,Volkswagen,Electric

San Jose-based QuantumScape, a 2010 spinout from Stanford University, said it will form a joint venture with VW to produce solid-state battery cells, starting in 2024, for the German automaker's electric vehicles, and eventually for other carmakers. "Our ambition is to be a (battery) supplier to the industry as a whole," QuantumScape founder and CEO Jagdeep Singh said in an interview.

Continue reading VW-backed battery maker QuantumScape to go public at $3.3 billion valuation

VW-backed battery maker QuantumScape to go public at $3.3 billion valuation originally appeared on Autoblog on Thu, 3 Sep 2020 13:00:00 EDT. Please see our terms for use of feeds.

Permalink |  Email this |  Comments

from Autoblog https://ift.tt/3jBcF9U