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QuantumScape And VW Are Selecting Where To Make Solid-State Cells
May 17, 2021 at 8:31am ET ++ Salzgitter is so far the location with more chances to produce these batteries.
After a Scorpion Capital report claimed QuantumScape was a “pump-and-dump SPAC scam,” the solid-state battery startup could not seem to care less. It released on May 14 that it is in the process of selecting where it will produce solid-state batteries with Volkswagen. Both companies currently have a preference for Salzgitter, a city that was mentioned more than one at Volkswagen Power Day.
Salzgitter will be where the German carmaker will have its first 40 GWh gigafactory in Europe. It already houses Volkswagen’s first recycling plant, which started to operate in January. Apparently, it will be the company’s manufacturing headquarters for batteries. The recycling plant could source raw materials to the solid-state cell plant in a much easier way.
GermanyGermanJagdeep-singhSandy-munroVolkswagenScorpion-capitalVolkswagen-powerஜெர்மனிஜெர்மன்ஜகதீப்-சிங்மணல்-மன்ரோவோக்ஸ்வாகன்QuantumScape and Volkswagen to select location for solid-state battery JV pilot-line facility; 1GWh to start
Solid-state battery developer QuantumScape Corporation (earlier post) 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. The companies currently contemplate Salzgitter, Germany for the location.
The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. QuantumScape and Volkswagen intend to expand production capacity by a further 20 GWh at the same location.
Our goal has been to bring our solid-state lithium-metal batteries to market as soon as possible. This joint venture brings together QuantumScape’s core battery technology with Volkswagen’s deep understanding of high-volume, high-quality production, and maximizes our ability to bring this technology into industrial production.
GermanyUnited-statesAmericaJagdeep-singhQuantumscape-corporationVolkswagen-group-of-america-incVolkswagenVolkswagen-groupSan-joseஜெர்மனிஒன்றுபட்டது-மாநிலங்களில்அமெரிக்காQuantumScape CEO Talks About Competitors, Short Sellers And SSBs
May 14, 2021 at 2:06pm ET ++ He did that in an interview with Sandy Munro.
QuantumScape was attacked by Scorpion Capital with a report that said that the company was a “pump-and-dump SPAC scam.” Jagdeep Singh’s first interview after that would be one worth watching, and it was Sandy Munro who did it. If that is not enough for you to spend a little more than one hour with this video, do that for all the content it offers.
The QuantumScape CEO did more than just address what he believes that the Scorpion Capital report was. He also clarified why he believes his company will soon succeed in the race for solid-state batteries. According to what he said to Munro, that’s because it already has.
GermanyGermanJagdeep-singhElon-muskSandy-munroHindenburg-researchVolkswagenPanasonicScorpion-capitalSolid-powerSeeking-alphaஜெர்மனி