Tesla uses a dry electrode, where "dry" doesn't describe the battery but rather is a simplified manufacturing process that reduces manufacturing cost. QuantumScape said it has begun shipping "A0" samples of its battery cells to its automaker clients. Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. entering your email below. It is not yet clear where this plant will be built. QuantumScape hasn't disclosed the names of these two auto companies. They were excellent and well made. QuantumScape is a battery technology company founded in 2010 with the goal of developing scalable, effective solid-state batteries that can (hopefully) reach cost parity with traditional lithium . Ms. Fong holds a B.S. QuantumScape is on a mission to transform energy storage. in Management from Stanford Graduate School of Business. As the chart above shows, QuantumScape expects its solid-state cells to be far more energy-dense than the conventional lithium-ion cells with silicon or carbon anode. Please support local businesses. What's the relationship between wh/L and wh/kg in batteries? Five years from now, the company expects to have a . It's a bad sign for the company backed by Volkswagen. The Technology Drive location, which totals 87,100. QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. electrive.com is a newsservice Mr. McCarthy also currently serves on the board of QSV Operations LLC. 59,9%. Both cells start to work after lithium plating that happens between the ceramic separator and a metal foil - which QuantumScape names as "anode electrical contact - the first time they are. Prior to joining QuantumScape, he was the Chief Administrative Officer at Infinera Corporation from April 2003 to March 2013. developments in electric transport Before that, she served in several HR leadership roles at Foxconn Interconnect Technology, Inc., a multinational electronics manufacturer, and NUMMI, an automotive manufacturing joint venture between Toyota and General Motors. 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[9][10] The battery was claimed to offer an energy density of 1kWh/L or 380-500 Wh/kg. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels. Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper, Apple Delays AR Glasses, Plans Cheaper Mixed-Reality Headset, Stocks Turn Lower as Growth in Focus; Dow Falls: Markets Wrap, Saudi Arabia Says Open to Settling Trade in Other Currencies, Amazon Kicks Off Round of Job Cuts Affecting 18,000 People. Mr. McCarthy holds a B.A. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Prior to joining QuantumScape, he was the founder and Chief Executive Officer at Infinera Corporation (NASDAQ: INFN), a telecommunications company, from 2001 to 2009. The factory will make early production versions of the company's advanced electric. I think consumer electronics (like cell phones) developers worry more about Wh/L and electric car developers worry more about Wh/kg. These samples are nearly full-size prototypes that will allow the automakers to test and begin . Additionally, the company needs to minimize volume manufacturing costs. Includes costs for planning, FAT / SAT, and start-up; excludes maintenance capex and interest expense. Please contact the developer of this form processor to improve this message. QuantumScape, which had risen to buzzy prominence after Volkswagen Group invested more than $500 million, struck a deal in September 2020 to merge with a special purpose acquisition company,. Berkeley and a M.S. [11], Last edited on 17 December 2022, at 02:53, "Bill Gates-backed vehicle battery supplier to go public through SPAC deal", "Our team is redefining the frontier of battery technology", "VW-Partner QuantumScape geht an die US-Brse", "QuantumScape's Merger With Kensington Capital Acquisition Corp Global Legal Chronicle", "QuantumScape says its technology is ready to move from the lab to VW's dealerships. They were planning on "Quantum WebCrowdsourced Nanotronics" but they were told to tone it down a bit. Pouch form factor batteries cannot be made into structural parts of the body of the car. QuantumScape (NYSE: QS), a startup that is working on solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 9% over the last week (five trading . in Physics, a M.S. Made in Germany! Anthony P. Plymouth Township, MI. QuantumScape cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. But while the capacity is limited, it will provide cells for development work and help design next-gen manufacturing equipment: QS-0 will help provide the additional capacity we need for our development work and will enable usto accelerate work on the next-generation of manufacturing tools. Is the quantumscape battery as shown in the slide suggesting that it physically expands when charged? In order to avoid the worst consequences of climate change, we must electrify transportation and turn internal combustion engines into a way of the past. The new campus comprises the current site of QS-0, QuantumScape's pre-pilot . QuantumScape Corp (NYSE: QS) has secured a new set of buildings in San Jose for its future manufacturing hub, QS Campus. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. Ms. Fong holds a B.S. This prime location in San Jose in the heart of Silicon Valley, near world-renowned universities and research institutions offers access to a rich pool of talent for the company to build out its team. QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for use in electric vehicles. and free of charge. If batteries cost $50 per kwh in 2024 then selling all of the production at a fully ramped pilot plant would make $50 million per year. If all goes as planned, it QuantumScape expects revenue to grow gradually from $39 million in 2025 . Quantumscape has shared new data showcasing further development of its solid-state batteries, whose cells have completed 400 consecutive 15-minute fast-charge cycles, replenishing from 10% to 80% . QuantumScape Corporation , (NYSE: QS, or "QuantumScape") today announced that it has entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021. QuantumScape is on a mission to transform energy storage with solid-state lithium-metal battery technology. Our technology creates the lithium anode in situ during the first charge, an innovation that dramatically simplifies battery design and makes it fundamentally cheaper to manufacture. Mr. Singh joined the QuantumScape Board in May 2010. May 17, 2021 at 8:31am ET By: Gustavo Henrique. Our It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology. The departure of its top manufacturing expert is bad news for the battery startup backed by Volkswagen. QuantumScape Publishes Inaugural Environmental, Social and Governance Report . And the ceramic separator is non-flammable and noncombustible, making our batteries safer than conventional lithium-ion batteries. in Environment and Resources from Stanford University. In this context, the US-Americans are aiming for another pilot plant called QS-1 with a capacity of 1 GWh, which will later be successively expanded to a total capacity of 21 GWh for series production. Were on a mission to revolutionize energy storage and power a decarbonized future, and were starting with transportation. Buzz Pro review: Is it enough to become iconic, again? The companies currently contemplate Salzgitter, Germany for the location. As the capital of Silicon Valley, San Jose continues to welcome the growth of innovative tech leaders like QuantumScape, said San Jose Mayor Sam Liccardo. articles a month for anyone to read, even non-subscribers! Tesla has already spent a few years, billions on acquisitions and R&D on the new batteries and factory technology revealed at battery day. This helps increase the volumetric density of the cell. "Tesla dry cells and silicon anodes mean that solid-state batteries will not be able to beat advanced lithium-ion on energy density.". QuantumScape's Weak Fundamentals Exacerbated By Uncertain Manufacturing Scale QuantumScape is expected to continue burning through its $1.35B in cash and equivalents rapidly through FY26. Down 86% in This Bear Market, Can QuantumScape Stock Recover in 2023? It intends to accelerate the commercialization of solid-state batteries for e-mobility. QuantumScape Corp. ( QS) stock's 93% plunge makes it a vulnerable acquisition target if shares fail to recover soon. Date: May 4 Amount: $103.8 million. Delivery of these cells, referred to as A0 samples, was the company's key public milestone for the year, and achieving this goal represents an important step toward the commercialization of this technology. Our goal has been to bring our solid-state lithium-metal batteries to market as soon as possible, said Jagdeep Singh, CEO and co-founder of QuantumScape. In concrete terms, the latter should be possible in San Jos from 2023. QuantumScape ($QS). QuantumScape has a post-money valuation in the range of $1B to $10B as of Jun 17, 2020 . He is open to public speaking and advising engagements. Would highly recommend coming here. These forward-looking statements are based on managements current expectations, assumptions, hopes, beliefs, intentions, and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. Mr. McCarthy currently serves as a member of the boards of several privately-held companies. BMW iX review: How efficient is the BMW eSUV in real life? The key to our technology is a patented solid ceramic electrolyte separator, the material that keeps the anode and cathode from touching and moves lithium ions from one side of the battery to the other during charge and discharge. The company hopes to work alongside experienced battery scientists in the Asia-Pacific region to further develop and manufacturer it battery technologies for electric vehicles. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. The core of the QuantumScape technology is a ceramic separator, which is supposed to remedy exactly this. This suggests a possible upside of 67.0% from the stock's current price. Let's . It does NOT increase energy density. Berkeley and a M.S. flat storage boxes for under bed menu menu Its proprietary solid-state battery design requires a major capital raise for. Tesla is on the fourth iteration of Maxwell Technology drycell production processes and they are iterating every 3-4 months. QuantumScape Factory Economics (QS-1, 20GWh) Capex + Start-up Costs: $1.6B ~70% Cell Factory ~30% Separator Factory Equity Need: ~$500M Note: Assumes 5% annual price and cost declines. Apart from Volkswagen (VWAGY -0.29%), QuantumScape is collaborating with two other auto original equipment manufacturers (OEMs). QuantumScape is registered under the ticker NYSE:QS . QuantumScape made the plans for a pilot plant in San Jos public a few weeks ago when it announced its financial results. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. In February, it was still said that QuantumScape wanted to spend between 230 and 290 million US dollars (about 190 to 240 million euros) in the current year to continue the development of its solid-state battery cells and to build the QS-0 factory. That would prevent it's use as a structural battery due to size changes. This is formed from pure lithium metal as soon as the battery is charged. How cost reduction of 17% will bring batteries cost $50 per kwh in 2024 would and then will allow them to make about $70/kwh from the batteries. QuantumScape (QS 9.07%) stock rose recently on the rumors of a potential partnership with Porsche. Mr. Singh holds a B.S. electric mobilityindustry. Pamela Fong is QuantumScapes Chief of Human Resources Operations, leading people strategy and operations, including talent acquisition, organizational development and employee engagement. Needs to minimize volume manufacturing costs hour ( GWh ) battery cell commercial production plant electric. 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