QuantumScape Corporation (QS)

[pauly3]

https://cleantechnica.com/2020/12/19/these-kinds-of-opportunities-dont-come-along-very-often-interview-with-quantumscape-ceo-jagdeep-singh/

Jagdeep: Look, I mean, it’s very hard to predict the future because no-one has a crystal ball. But I will say this, there aren’t many times in one’s life where you have an opportunity to work on something this big and disruptive. I mean, the automotive industry is one of the largest industries in the world. In Germany, a big portion of the GDP, if you add up all the different elements, is related to the automotive space, the car companies and the suppliers and the services, and so on. Maybe one in seven jobs might come from that sector in general. So, it’s a very, very important sector. And that’s true for most countries that have an automotive sector – the US, Japan, China, and so on.

The opportunity to transform the power trades of this sector doesn’t come around very often. In fact, this is only the second time in the hundred past years that you have an opportunity to transform. The combustion engine has been around for over a hundred years, and this is a wholesale transformation of this industry. There are a hundred million cars sold every year, roughly speaking, only about two percent of them are electrified today. Which means 98% of the market is still unaddressed. This transformation will take decades, and in the process, whoever is the winner in the battery space is going to be creating a multi hundred billion dollar company. So, it’s a massive opportunity. It’s not the case where you can just say, oh great, we’ll leave this, go find another one and do it again, because these kinds of things don’t come along very often.

The second thing is, if you’re interested, like our team is, in impacting climate, impacting emissions, this is one of the most important opportunities there is to do that, at scale. This is not just a matter of saying small changes like use less disposable plastics and so on, this is pretty central source of carbon emissions, and it needs to be addressed. So, the combination of transforming one of the largest industries in the world, creating a multi hundred billion dollar company, making a really big environmental impact, all at the same time, makes it kind of a unique opportunity and one where I think the whole team here is very, very committed to seeing this all the way.

So, until we have real cars on the road with this technology in them, we’re going to be people on a mission here.

https://cleantechnica.com/2020/12/19/these-kinds-of-opportunities-dont-come-along-very-often-interview-with-quantumscape-ceo-jagdeep-singh/