QuantumScape Corporation (QS)

[TradingCharts]

Yesterday we reported our Q2 2023 business results (https://lnkd.in/gM6snQiy); here are the highlights:

- Launch Customer: We are working closely with a prospective launch customer in the automotive sector for our first commercial product — QSE-5.

- QSE-5 is a ~5 Ah battery cell that we think will offer an unmatched combination of energy and power — >800 Wh/L and able to charge 10-80% in ~15 minutes — well beyond the capabilities of today’s best-performing EV cells.

- New Customer Shipments: We shipped high cathode-loading cells to multiple automotive partners for testing in their own labs – a significant step toward delivering a commercial product. Higher cathode loading is critical to improving energy density beyond today’s leading EV batteries.

- Safety: Our A0 prototype cells successfully passed a suite of safety tests — nail penetration, overcharge, external short circuit, and thermal stability up to 300 °C — according to the specs of a top automotive customer.

- Manufacturing Scale Up: We completed equipment installation of the first of two phases of our fast separator production process that offers the potential for dramatically better throughput. Initial production is expected to begin later this year.
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