VW whips out its wallet, makes it rain on solid-state battery tech

Roadshow | 6/21/2018 | Kyle Hyatt
ziggy1023 (Posted by) Level 3
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Most of the major players in the electric vehicle game are in a race to develop solid-state battery technology, since it will give the victor a massive advantage in weight and power density. We're seeing companies throw lavish amounts of money at the nascent technology, either through partnerships or acquisitions. The latest to do this is Volkswagen with a huge $100 million investment in California company called QuantumScape.

QuantumScape comes out of Stanford and currently holds more than 200 patents for solid-state battery technologies. Together with Volkswagen, which also secured a seat on QuantumScape's board of directors, the company wants to have a production-ready solid-state battery by 2025.

Volkswagen - Investment - QuantumScape - Fruition - Range

Volkswagen's investment in QuantumScape, if it comes to fruition, could double the range of a car like the e-Golf.

"Volkswagen is the world's largest automotive manufacturer and leads the industry in its commitment to electrification of its fleet," says Jagdeep Singh, CEO of QuantumScape. "We are...
(Excerpt) Read more at: Roadshow
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