QuantumScape
@QuantumScapeCo
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QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles.
San Jose, California
Joined December 2020
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1a -This morning, a financially-incentivized short seller issued a “report” on QS. This follows a typical pattern: short a stock, follow with a negative “report,” make money on their short position, and quickly cover to lock in their gains. Their own words say it best on Page 2:
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⚡We are extremely proud to share that we achieved our final 2021 technical goal – a 10-layer cell capable of 800 cycles to >80% energy retention under automotive-relevant test conditions: 25°C, 1C-1C, 100% DoD, 3.4 atm⚡
#TheFutureIsSolid
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⚡Our 4-layer cells have now surpassed 800 cycles with >90% energy retention under uncompromised test conditions: 1C-1C, 25°C, 100% DoD, 3.4 atm — exceeding the energy retention spec of 800 cycles to >80% & achieving a major 2021 milestone ⚡
#theFutureIsSolid
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Thrilled to share we have shipped our first 24-layer prototype battery cells to multiple automotive manufacturers for testing. Delivering these first-gen prototype A0 samples was our key goal for 2022 & an important step in commercializing our technology.
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Excited to share that the cells we showed at the Battery Showcase (12/8/2020) continue to cycle and have now exceeded 1,000 cycles (over 1,100)! This corresponds to over 300,000 miles for a 300-mile battery pack and over 500,000 miles for a 500-mile battery pack.
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QuantumScape’s “solid-state cell has significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles.”
@VWGroup
’s PowerCo’s
#TheFutureisSolid
#LiMetal
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We’re proud to share that QuantumScape has signed an agreement with another top-10 global auto manufacturer. Our new partner will purchase 10 MWh of capacity from our pre-pilot line, QS-0, after reaching milestones
#TheFutureisSolid
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Pleased to share we’ve just entered into an agreement with a third top-10 auto manufacturer.
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We just signed our third partnership agreement with a major auto manufacturer. We’re very excited to be working with this global luxury auto company to further the reach of our solid-state lithium-metal battery technology.
#TheFutureIsSolid
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5 -As our public filings have clearly stated, we have work to do, so this will be our last comment on this topic. We will now get back to work and continue to let our execution speak for itself.
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Speaking at
#AABC21
, CTO/Co-founder Tim Holme revealed new data showing QS cells with commercially relevant area surpassing 400 cycles under ZERO EXTERNALLY APPLIED PRESSURE at 25°C, 1C-1C and 100% DoD - a major feat for solid-state battery tech
@ironmantimholme
@AABConference
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We are thrilled to announce a landmark agreement with PowerCo, the
@VWGroup
's battery company, to accelerate the commercialization of QuantumScape’s solid-state lithium-metal battery technology
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"We are excited to announce that we have made and are currently testing our first 10-layer cells…in the commercially relevant 70x85 mm form factor." – $QS Q2 Shareholder Letter
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We are pleased to announce that QuantumScape and Volkswagen have signed an agreement to select a location for our joint-venture solid-state battery pilot-line facility
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QuantumScape Meets Volkswagen Technical Milestone, Clearing Way for $100M Investment
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Today we announced we began customer shipments of our Alpha-2 prototype battery cells, fulfilling a 2024 goal. Alpha-2 prototypes are a significant milestone on the roadmap to deliver QSE-5, QuantumScape’s first planned commercial product
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4 -VW’s actions also speak for themselves. Just last month, VW committed a further $100M investment in the company after confirming that our cells met technical milestones, as measured by VW in their own labs in Germany.
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Customers: We have shipped multiple generations of cells to various customers across automotive and other applications. In Q1, our 10-layer cells were successfully tested by one automotive customer and entered the testing phase with another.
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After 2 million tests, we can say we've pinpointed the right electrolyte materials that have the potential to boost the range of an EV by 80% and can be rapidly recharged within 15 minutes. More in this battery deep-dive with
@techreview
's
@jtemple
:
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QuantumScape is teaming up with
@fluenceenergy
to introduce solid-state lithium-metal battery tech to stationary energy storage applications — opening up a new potential market for QS while advancing our shared mission to enable a lower-carbon future:
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We are happy to announce QS Campus, the future hub of our upcoming manufacturing, in San Jose, CA. The new campus is a key piece of QuantumScape’s strategic growth plan as we advance closer to commercialization. More here:
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With all the excitement in the industry related to solid-state technology, we are pleased to share our paper on the solid-state battery landscape, which includes a summary of major solid-state technology efforts based on publicly available information.
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Yesterday, we published our Q4’22 Shareholder Letter. Through our team’s hard work and determination, we achieved our major 2022 goals — including shipping the first A0 prototype battery cells to multiple customers.
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Excited to announce Dr. Siva Sivaram is joining QS in the newly created role of President. With a robust background in high-volume production and complex tech, he’ll oversee QS tech & manufacturing, reporting to QS CEO Jagdeep Singh. Welcome to the team!
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We are so proud of the team for this accomplishment. Now, it’s back to work!
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LFP could be key to the mass-market adoption of EVs. Combined with a lithium-metal anode, LFP-based solid-state batteries may offer the range, cost and safety needed to compete with ICEs. Read more in our new white paper:
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In light of recent events, we'd like to note that QuantumScape has very limited exposure to Silicon Valley Bank, with only a low single-digit percentage exposure relative to both our total liquidity and total assets.
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Our six-layer Alpha-2 prototype battery cell is an important step toward our first commercial product, QSE-5. In this video, QS VP of Product, Will Hudson, explains Alpha-2's performance capabilities and the significance of starting customer shipments.
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We designed FlexFrame, a new cell format, to address the uniaxial expansion of lithium metal during the charging cycle. Watch our new video about our pouch/prismatic hybrid solution w/
@venkatvis
and QS' Chris Dekmezian & Daniel Braithwaite:
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Welcome to QS Campus – the future hub of upcoming manufacturing. Catch a sneak peek of our process from CMO (Manufacturing) Celina Mikolajczak & CMO (Marketing) Asim Hussain as we work toward manufacturing at scale:
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Yesterday we reported our Q2 2023 business results; here are the highlights:
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Congrats
@VWGroup
on your
#NEWAUTO
event! | Thomas Schmall: "Solid state will be the game changer... Our partner QuantumScape has reached the agreed technical milestones, and we already tested the cells at our new labs in Salzgitter."
#TheFutureisSolid
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Sulfide-based solid separators have challenges - dendrite formation, chemical instability and safety. Read about why we moved away from this approach in our new article -
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QS today released the results from third party tests that replicate and validate the impressive performance shown in our internal testing, first disclosed in our 2020 Battery Showcase. Explore test results below, and more details about the testing here:
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On Tuesday we announced a critical breakthrough: multilayer battery cells. While there is still much work to be done, CEO
@startupjag
said, "this is an incredibly important result, and we are excited to have this so early in the year." More via
@Bloomberg
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We’re excited to announce a new QuantumScape R&D center in Kyoto, Japan! Our APAC footprint will also support several core functions, including materials and equipment evaluation and improving collaboration with regional partners.
Learn more:
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2 -QS stands by its data, which speaks for itself. We have provided higher transparency than any other solid-state battery effort we are aware of, with details on current density, temp, cycle life, cathode thickness, depth of discharge, cell area, pressure
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Evaluating the performance of a new technology can be challenging. We're trying to change that for solid-state batteries with a simplified framework to evaluate performance. Learn more from
@ironmantimholme
:
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Thank you Congressional Reps
@TedLieu
,
@RepJudyChu
and
@RepMarkTakano
for visiting QS today! With your support and commitment to climate technologies we can further drive EV adoption and support the transition to a lower carbon future.
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ICYMI: We recently released results from independent lab tests that highlight QS battery technology's impressive performance in the most automotive-relevant conditions. Review the data below and read the full report here:
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We are thrilled to announce two new leaders on the QuantumScape team—Celina Mikolajczak, VP of Manufacturing Engineering and Clayton Patch, VP of Manufacturing. Welcome!
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Highlights from Q1 Earnings Call:
-Successful 4-layer cells in large form factor(70x85)
-Cells at zero-applied pressure successfully tested
-CEO
@startupjag
commits to not sell any shares until prototype delivered to VW
Read more in the Shareholder Letter:
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Tomorrow, we celebrate
#NationalBatteryDay
. Batteries have transformed our world since Alessandro Volta’s first battery in 1800, & we are continuing to advance their potential. Thank you to the scientists, engineers and innovators who are leading the charge!
#TheFutureIsSolid
🔋⚡
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This makes clear we can make multilayer cells without adversely impacting cycling behavior or capacity retention.
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It's an incredible honor to have our solid-state lithium-metal battery named alongside the mRNA vaccine and GPT-3 as one of MIT
@techreview
's top 10 breakthrough technologies of the year! Read more here:
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“Energy” and “capacity” are sometimes confused in battery reporting, but capacity alone doesn’t tell us the amount of energy it can deliver to keep an EV going. Learn more about the distinction in our new blog:
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Today and every day, we are proud and deeply appreciative of QuantumScape's world-class engineers who are working tirelessly to build a better battery that will power a lower-carbon future. Happy
#EngineersWeek
!
#TheFutureIsSolid
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EV batteries must be able to operate under real-world conditions, including low temperatures. But battery test results can be misinterpreted if the temps aren't right, hiding actual viability. Explore the impacts of temps on battery performance on our blog
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3a -The data shows single layer cells have simultaneously met >1000 cycles, 1hour charge and discharge, >3mAh/cm2 cathode loading, 30°C operation, 100% DoD, 70x85mm separator area, and ~3.4atm of pressure. We are not aware of any other player who has achieved this performance.
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New QuantumScape data shows 15-minute fast charging for 400 consecutive cycles — an industry first for lithium-metal battery technology. ⚡ Learn more about our new testing results during our live webinar starting at 9:30 am PT —
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Calling all undergrad, grad & PhD students interested in next-gen battery tech: QS is seeking summer interns in engineering, R&D, manufacturing & more to work onsite in San Jose! Apply here:
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Thank you for your visit and taking the time to learn about our battery technology Congressman Khanna
@RoKhanna
!
It was great to tour the QuantumScape headquarters in San Jose. Their groundbreaking work on solid-state lithium metal batteries for electric vehicles is important for the future of clean transportation and clean energy
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Meet Dr. Siva Sivaram, QuantumScape’s new President. CEO
@startupjag
recently sat down with Siva to talk about his outlook for the company, how his experience will help us further our goals, and why he adamantly supports the company’s solid-state vision .
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To drive mainstream adoption, EVs will need to charge quickly without damaging the battery's lifespan. Our latest blog explains charge rates (C-rates) and how to understand quality C-rate performance data:
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With the surge in interest in solid-state batteries since our showcase event, we are pleased to share a detailed discussion of our performance data by our Founder and CTO, Tim Holme.
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Thank you to
@EU_Commission
VP
@MarosSefcovic
and his delegation for visiting QS Campus last week! It was great to discuss next-gen battery innovation and development with others who share our enthusiasm and vision for a clean energy future.
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“The solid-state approach changes the rules of the battery game” — QS CEO
@startupjag
at today's
#BloombergGreen
Summit. Check out his conversation with
@AkshatRathi
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Millions of lab tests later, we're continuing to work toward our goal of reshaping EVs and enabling a lower-carbon future. Explore the four major challenges behind our breakthrough solid-state battery technology in this video:
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Happy
#EarthDay
from QuantumScape! Every day is Earth Day for us as we continue on our mission to power a lower-carbon future. Of course, our efforts are stronger together! Reply below & tell us how you’re celebrating the planet today.
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Save the Date: Join our CTO and co-founder Tim Holme, alongside Venkat Viswanathan and
@samjaffe
, for their upcoming webinar "Lithium Iron Phosphate + Lithium-Metal Anode" on Thursday, Sept. 9th at 10 a.m. PT. Agenda and streaming details coming soon.
@ironmantimholme
@venkvis
0
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Join us on Jan 27 for an expert panel discussion on one of the most important features for mass-market adoption of EVs – repeated 4C (15-min) fast charging – and a reveal of the latest QS fast-charging data toward this goal!
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Today we announced the appointment of Dr. Siva Sivaram as the new CEO of QuantumScape!
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Technical progress: We have demonstrated over 500 charge/discharge cycles with 16-layers under our gold-standard test conditions, with energy retention and cycling behavior similar to our single-, 4-, and 10-layer cells
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It was a pleasure hosting Quebec's Minister of Economy & Innovation
@MinFitzgibbon
and the
@InvestQuebec
delegation at our San Jose HQ – thanks for taking the time to connect and tour our facility!
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OEMs must often choose between energy cells (lower power, higher energy) & power cells (higher power, lower energy). The core value proposition of QS solid-state lithium-metal technology is the potential to shift the performance frontier on energy & charging speed simultaneously.
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QS CTO
@ironmantimholme
and CMO
@HussainAsim
discuss the history of QS, how recent technical updates fit into our product roadmap, & manufacturing progress on our path toward commercialization
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QS head of manufacturing Celina Mikolajczak led an interesting panel discussion this afternoon at the International Battery Seminar about building gigafactories. Most important element to consider? People.
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Coulombic efficiency is an important metric when it comes to evaluating an EV battery’s performance and potential lifespan. Recently, we adopted new tools to improve the precision of our measurements, and last week at
#AABC22
, we shared new data on our Coulombic efficiency.
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Batteries are all about tradeoffs. There are many factors to consider when evaluating a battery’s energy density, some of which are not obvious. The first blog in our series on energy density explains what energy density is and why it matters:
#battchat
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3b -We have further shown four-layer multilayer cells can achieve similar performance.
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We can all play a role in reducing our impact on the environment. QuantumScape is proudly committed to doing its part by building better batteries to help accelerate the transition to cleaner energy sources. Happy
#EarthDay
🌍
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Production scale up: We recorded average weekly starts of over 3,700 exiting Q1 2022; up from <2,000 exiting the previous quarter (Q4 2021). This increase was made possible by new, higher-throughput continuous-flow separator production tooling
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LFP could play a critical role in the mass-market adoption of EVs, as LFP-based solid-state batteries may offer the range, cost & safety needed to compete with internal combustion engines. Read more about the promise of this material in our white paper:
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14
71
Researchers have intensely studied lithium metal as a potential anode material for decades, but what makes it so attractive for rechargeable batteries? In our new blog, we try to shed light on the excitement around lithium-metal anodes
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Next week, Nov. 18 @ 10am PT, join QS CTO/Co-Founder Tim Holme and battery expert Venkat Viswanathan for a live webinar on the details and significance of our recently released third-party lab test results. Register for free here:
@ironmantimholme
@venkvis
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In order to support the transition to sustainable transportation, EV batteries must be able to operate under real-world conditions including a wide range of temperatures. Explore the impacts of temperature on battery performance on our blog:
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Upon satisfactory technical progress and a $130M prepayment of royalties to QS, QS will grant PowerCo a non-exclusive license to mass produce batteries based on its platform – up to 40 GWh per year, expandable to 80 GWh
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72
In case you missed it,
#QuantumScape
founder & CTO, Tim Holme elaborates on the performance data we revealed at our Battery Showcase last month. We aim to start series production of our battery cells in 2024.
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12
67
Coulombic efficiency is an important measurement when it comes to evaluating an EV battery’s performance and potential lifespan. Check out our new blog to learn about CE and what to look out for in battery testing data:
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Why has it taken so long to develop solid-state batteries for commercialization? Watch this video that describes the four main challenges and how QuantumScape's solid-state technology addresses each, enabling the next generation of EVs:
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@VWGroup
“We are convinced of the solid-state cell and are continuing to work at full speed with our partner QuantumScape towards series production," PowerCo CEO Frank Blome.
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Higher energy density is one of the most desired features for batteries. In our newest blog, we explain how reducing inactive materials and enhancing packaging efficiency can contribute to better energy density.
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We are proud to announce Jeneanne Hanley, Gena Lovett and Susan Huppertz have joined the QS Board of Directors. Their extensive leadership experience in mass manufacturing and the automotive industry will add valuable depth to our world-class board.
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Paired with lithium-metal anodes, liquid & solid polymer electrolytes face many problems, including dendrite formation, poor safety and low charge rates. Learn more in our new article:
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Our new VP of Manufacturing Engineering, Celina Mikolajczak, has spent her entire career commercializing battery technology for leading companies. Read more about her plans to bring QuantumScape's technology to scale in
@BusinessInsider
:
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“The future at QS is brilliant. We’ve come a long way in the development of [our battery tech], & [I believe] the impact it’s going to have is phenomenal.” Learn about our tech’s potential in this employee spotlight with VP of EHSS & Training Kiran Joshi:
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As we conclude our first quarter as a publicly traded company, we’re pleased to share our first shareholder letter, summarizing Q4 and FY20 results. To read the letter in its entirety, please visit:
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Congratulations to our partner
@VWGroup
on a successful
#VWPowerDay
- we look forward to leading the
#SolidState
battery revolution and powering the next generation of VW's electric vehicles.
#VWPowerDay
| Welcome on stage Frank Blome! He heads
#VWGroup
’s Center of Excellence for Battery Cells and will give us an overview about where we stand and where we want to go in cell chemistry. 🔋🧪
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As a company backed by Breakthrough Energy Ventures (
@Breakthrough
), it's great to see BEV and
@BillGates
doubling its
#cleantech
fund by adding another $1 billion to invest in an additional 40+ startups.
via
@business
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We’re excited for next week’s International Battery Seminar! Chief Manufacturing Officer Celina Mikolajczak will lead a discussion on the role
#gigafactories
will play in ramping up battery pack production and putting more
#EVs
on the road.
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9
65
In case you missed it last week,
@AkshatRathi
of
@business
reported on the history and evolution of lithium ion batteries and discussed why solid-state battery technology is the next necessary step for widespread clean energy adoption. Read more:
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9
65
In our Q3 Shareholder Letter, we shared third-party test results that replicate the performance shown in our internal testing. Tim Holme will discuss this data & AI in battery development w/
@AndrewYNg
&
@SteveLeVine
tomorrow at 11:30am PT
@ironmantimholme
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TOMORROW, 11/18, at 10am PT: Want to know more about the results of our recent independent lab tests? Join a live webinar to hear from QS CTO and Co-Founder
@ironmantimholme
& battery expert Venkat Viswanathan
@venkvis
. Sign up for the free event here:
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For years, studies have shown
#EVs
are cheaper mile-for-mile than their gas-powered counterparts.
@John__Rosevear
broke down the financial benefits of charging up vs. fueling up in this piece for
@CNBC
:
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Tomorrow, May 12, QuantumScape Chief Manufacturing Officer Celina Mikolajczak will join the
@FT
Future of the Car Summit. She’ll participate on a panel discussing progress in solid-state battery development. Learn more:
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