QuantumScape Achieves Final 2021 Goal Ahead of Schedule
SAN JOSE, Calif., November 16, 2021–QuantumScape Corporation (NYSE: QS) today released 10-layer battery cell testing data showing 800 cycles at better than one-hour charge rates at 25 °C, achieving the goal it had laid out for 2021.
Similarly, Will QuantumScape stock recover?
As the company progresses further on its plans, its stock price should recover. The stock is trading 72% below its high price this year, offering an attractive entry point for long-term investors. Notably, QuantumScape stock entails significant risks and is suitable only for investors with a high appetite for risk.
Is Bill Gates involved with QuantumScape? QantumScape was founded in 2010 by Singh and backed early by Microsoft founder Bill Gates and auto giant Volkswagen. Both continue to be investors in QuantumScape. In early December, Singh publicly revealed test results for QuantumScape’s solid state battery.
Thereof, Is QuantumScape a Buy Sell or Hold?
QuantumScape has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Who is the CEO of QuantumScape?
Chairman/Pres/CEO/Co-Founder, Quantumscape Corp.
Is QuantumScape battery real?
Quantumscape has shared new data showcasing further development of its solid-state batteries, whose cells have completed 400 consecutive 15-minute fast-charge cycles, replenishing from 10% to 80% capacity while still retaining over 80% of the initial energy.
Who is QuantumScape merging with?
QuantumScape announced in September, just four months after that extra $200 million in VW investment, that it had agreed to merge with Kensington Capital Acquisition Corp. QuantumScape announced in 2021 plans to expand its manufacturing capacity by adding a 200,000 square foot pre-pilot line facility in California.
Who started QuantumScape?
When QuantumScape was founded? Jagdeep Singh was the founder and CEO of Infinera from 2001 to 2009. After this, QuantumScape was founded in 2010 by Jagdeep Singh, Tim Home, and Professor Fritz Prinz of Stanford University.
How much of QuantumScape does Volkswagen own?
Volkswagen and QuantumScape have been working together since 2012; prior to a 100-million dollar investment in 2018, VW already held five per cent of QuantumScape.
Does QuantumScape have a future?
QuantumScape expects to produce cells for car testing next year and could enter full-scale commercialization by 2024. QS stock has had a rough 12 months, shedding over 61% of its value. The stock seems significantly less frothy than in the past and is far more attractive considering the risks involved.
Why is QuantumScape dropping?
The decline comes as Toyota, the world’s largest automaker, indicated that it was looking to invest over $13.5 billion by 2030 to develop battery technologies, focusing on not just the next generation of lithium-ion batteries, but also on solid-state batteries, which QuantumScape specializes in.
Who is behind QuantumScape?
QuantumScape
| Type | Public company |
|---|---|
| Founders | Jagdeep Singh Tim Holme Fritz Prinz |
| Headquarters | San Jose, California, U.S. |
| Key people | Jagdeep Singh (CEO) |
| Number of employees | 400 (2021) |
Is QuantumScape public?
QuantumScape (NYSE:QS), a startup developing solid-state lithium-ion batteries for electric vehicles, went public last November, after completing a merger with a special purpose acquisition company (SPAC).
How did QuantumScape go public?
It has been widely reported that QuantumScape last raised $200 million in June 2020 at a post-money valuation of $2.3 billion. QuantumScape became a publicly listed company on November 22, 2020 after completing a business combination with Kensington Capital Acquisition, a publicly traded SPAC.
Does QuantumScape have sales?
QuantumScape (ticker: QS) made money—a surprise for a company with no sales. But investors should remember, results just don’t matter. QuantumScape is a pre-sales technology startup, and technical progress is the name of the game.
Is QuantumScape battery better than Tesla?
In volumetric terms, the new battery can store 1 kWh/l, about four times what the current Tesla Model 3 battery stores. By weight, it offers between 380-500 Wh/kg, as compared to 260 Wh/kg in packages currently used by Tesla. The QuantumScape battery charges at blazing speeds, allowing a 0-80% charge in 15 minutes.
What kind of company is QuantumScape?
QuantumScape is a renewable energy company that develops solid-state battery technology to increase the range of electric cars. lithium batteries aimed to accelerate the commercialization of solid-state batteries. Jagdeep Singh founded the company in San Jose, California in 2010.
What company owns the Jesus battery?
This year, QuantumScape did announce it’s one step closer to battery technology’s Holy Grail with a successful density increase from one to four cell layers. However, the test results are still multiples removed from real-world applications and the breakthrough coincided with 2021’s broader U-turn out of SPACs.
Who are the major investors in QuantumScape?
Top 10 Owners of Quantumscape Corp
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 5.12% | 341,986,141 |
| BlackRock Fund Advisors | 2.47% | 164,908,185 |
| Global X Management Co. LLC | 1.36% | 90,634,020 |
| SSgA Funds Management, Inc. | 0.90% | 60,122,144 |
How far is QuantumScape from production?
It is no longer the controversial special purpose acquisition company (SPAC) electric vehicle battery firm making headlines for all the wrong reasons. The firm seems to have passed that stage. However, they remain years away from commercial production, which is slated for a 2024 – 2025 time frame.
Who invested in QuantumScape?
QuantumScape is backed by Volkswagen, which has also invested $200 million in the battery company so far. In 2021, QuantumScape collaborated with another automaker who is among the top ten by revenue globally.
Who has QuantumScape partnered with?
QuantumScape claimed in 2020 to have made key breakthroughs in the technology and further advancements in 2021. Its partners include automaker Volkswagen, which has worked with the battery company since 2012 and has invested US$300 million into it to date.
What does Bill Gates say about QuantumScape?
Gates, an early backer of QuantumScape (NYSE:QS) and QS stock, suggested that people do what he’s doing and only get involved with quality SPACs. The assumption here is that QuantumScape is such a company.
Is QuantumScape technology real?
QuantumScape is on a mission to transform energy storage. Our solid-state lithium-metal battery technology is designed to deliver efficient, reliable, safe and cost-effective energy storage to support the transition away from legacy energy sources toward a lower carbon future.
What battery company did Bill Gates invest in?
Why Bill Gates invested in this tiny start-up that helps turn lithium into batteries. Breakthrough Energy Ventures has recently invested in a very small lithium processing start-up, Mangrove Lithium, which hasn’t made any money yet. Mangrove claims its electrochemical process can dramatically improve yields.
Join TheMoney.co community and don’t forget to share this post !