QuantumScape Corporation (QS)

[WeTheMarket]

QuantumScape and Volkswagen push ahead on plans for battery cell production facility, Posted By Stock Market News on Mai 14, 2021 http://www.tema-livre.com/quantumscape-and-volkswagen-push-ahead-on-plans-for-battery-cell-production-facility/

- QuantumScape (NYSE:QS) and Volkswagen (OTCPK:VLKAF) have agreed to select a location for a battery pilot-line facility by the end of 2021.
The companies are currently contemplating setting up the pilot QS-1 facility in Salzgitter, Germany
- QS-1 will initially be a 1-gigawatt hour 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,” reiterates QuantumScape CEO Jagdeep Singh.
- Shares of QuantumScape are up 4.77% in premarket action to $27.82.
Read more details about plans for the Q1-1 facility.
- Earlier this week, Morgan Stanley defended QuantumScape after its share price stumble.