QuantumScape Corporation (QS)

[WeTheMarket]

Repost from Reddit Did SAIC Motor, China's leading car maker, test QS battery cell successfully and plan to launch large-scale commercial operation in 2025? Extremely possible

First, SAIC Motor is actually an early investor of QS, Here's the link that proves it (SAIC Motor is like China's Volkswagen):
Our team is redefining the frontier of battery technology - QuantumScape

Find this:



2) Next, SAIC Motor posted its 2025 milestone of production of solid state battery.

QS CEO Jagdeep has said that some potential customers had tested its battery cells. And it's up to them that if they will reveal the outcome. I would say every customer tends to keep its supplier secret. SAIC will not tell the public about the result either for sure.

But Let us see what happened to SAIC recently, On June 15th, SAIC Motor posted this on Weibo (China's Twitter): https://weibo.com/2690303253/KkgHOvqbZ

Find this:

In the future, SAIC will make every effort to tackle the serialized "three-electric system"(means: Battery, Electric Motor, Electric Control System, or EIC System) with long endurance, multiple energy gradients, and multiple drive systems, and strive to strengthen a new generation of electric vehicle platforms that can be upgraded, expanded, and quickly changed. In 2025, SAIC will officially launch a solid-state lithium battery with high safety, high energy density, and commercial applications, leading the world in technology.

Look, exactly the date that QS will go commercial with its battery and same with VW? SAIC future electric system will support solid-state battery technology.

There's also an English report for this event:

After the bid swap, the stock price soars solid-state batteries, smart driving, and the spin-off and listing of SAIC Motor Group is brewing big moves-Finance News – Breaking Latest News

There's also an English news on SAIC Motor official website:

Find this: "By 2025, SAIC Motor plans to launch a solid-state lithium battery with high levels of safety and high energy density for commercial applications"

http://www.saicgroup.com/english/latest_news/saic_motor/55702.shtml

or Chinese news: http://www.saicgroup.com/chinese/xwzx/xwk/2021/55671.shtml

3) SAIC Motor CEO Chen Hong mentioned at its 2020 Annual General Meeting that SAIC is exploring with QuantumScape to build solid-state battery production lines in a 50%-to-50% equity joint venture in China before 2025, and carry out large-scale and commercial operations.

I can't find the complete text of this meeting, but only part of it. Here's the link for it.

https://www.sohu.com/a/475040931_430289

Participating shareholders asked the CEO: Does SAIC independently develop and manufacture electric vehicle batteries?

CEO Answered:

.... In the new generation of battery technology, SAIC has invested in QuantumScape, a US solid-state battery head company. Soon after it went public, its market value has increased by 5 times. We are discussing with QuantumScape to build a production line in China in a 50%-to-50% joint venture before 2025, and start large-scale and commercial operations.

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So here's my guess: As an early investor of QS, SAIC Motor knows the progress of QS battery all the time. SAIC Motor very likely will test the cells in the first time(Extremely impossible that SAIC decides not to test QS cells). After SAIC successfully tested or is testing the cells with very pleasant outcome , SAIC Motor became very confident and published the above ambitious production milestone in June 15th. The time is also good for my point. Because on June 15, SAIC should have tested the cells for 1-2 months?

Disclaimer: I am long and holding QS stocks. So my point on QS might be biased and I can't assure you 100% accuracy of the mentioned articles. Please make your own judgement and make your own decision on investment.