QuantumScape Corporation (QS)

[TradingCharts]

QuantumScape Will Now Sell Its Solid-State Batteries to a Fourth Carmaker
Published: 2 Mar 2022,
https://www.autoevolution.com/news/quantumscape-will-now-sell-its-solid-state-batteries-to-a-fourth-carmaker-182980.html

In a Form 8-K submitted to the U.S. SEC (Securities and Exchange Commission), the startup said that it “recently signed an agreement with a fourth automotive original equipment manufacturer (“OEM”), a top-ten automaker by global revenues.” It then provided the list that contains those automakers.

Volkswagen tops the index, followed by Toyota, Daimler, Ford, Honda, General Motors, Mitsubishi, SAIC Motors, BMW, and Nissan. Stellantis would appear right behind Toyota if it was included in the list and not only received an honorable mention. Thankfully, the Form 8-K in question brings way more information to help us point to the right company. If only that were enough…

Apart from mentioning that QuantumScape and this new automaker will “collaborate on the validation and testing of Company’s solid-state battery cells,” the form states that this mysterious OEM only decided to sign this agreement after testing QuantuScape’s cells in its own labs.