Volkswagen invests $100M in solid-state battery startup QuantumScape
German automaker Volkswagen has revealed in a recent announcement that it is investing $100 million in solid-state battery startup QuantumScape, a startup that recently spun out of Stanford. The investment makes Volkswagen the latest automaker to have invested in solid-state batteries for electric cars.
Solid-state batteries are considered by many to represent the next advancement in energy storage, though there is no specific timeline for their commercialization as yet. Nonetheless, these batteries are believed to be comparatively much safer than the common li-ion cells, and may also have a greater potential for higher energy density.
Volkswagen has been in collaboration with QuantumScape for the past few years. Its recently-announced $100 million investment in the startup apparently indicates that the automaker is now making a more serious commitment to bring the solid-state battery technology developed by the startup to the market.
As a result of Volkswagen’s investment, VW Group Research head Dr. Axel Heinrich will become a member of the QuantumScape board of directors.
Describing the investment in QuantumScape as Volkswagen’s latest step “toward a sustainable, zero emission mobility for our customers in the future,” Heinrich said that Volkswagen wants to “accelerate the commercialization of QuantumScape’s solid-state batteries.” He also added that the investment will pave the way for the two companies to “combine forces to leverage Volkswagen’s experience as a production specialist and QuantumScape technology leadership.”
Electric vehicle maker Tesla Motors has recently released a new image of its forthcoming Model Y all-electric compact SUV. The image, in the form of a design sketch, was released by the automaker at its shareholder meeting held recently.
In an indication that Tesla’s Model S and Model X high-end electric luxury cars may soon be challenged by a potential competitor, Porsche has announced its first purely-electric sports car --- the ‘Taycan.’
In a recent disclosure by Nissan hinting at a high demand for its new LEAF electric vehicle (EV), the Japanese automaker has revealed that the orders for the new LEAF in Europe have reached 37,000 units.
Tesla CEO Elon Musk has recently confirmed the timing for the launch of the electric vehicle manufacturer’s powerful new fast charger, the Supercharger V3.
US electric vehicle maker Tesla Motors CEO Elon Musk shared some interesting information about the automaker’s upcoming products last week, saying that the pickup truck is his ‘favorite next Tesla product.’ The statement was made by Musk during Te
In a move which marks a notable new milestone for The Netherlands-based electric car leasing company Mister Green EV, the company now has 1,000 units of Tesla’s electric vehicles (EVs) in its fleet.