Volkswagen closes QuantumScape transaction

Volkswagen closes QuantumScape transaction

The Volkswagen Group has concluded the planned increase in its stake in the California technology company QuantumScape. The Committee on Foreign Investment in the United States (CFIUS) had no objection to the transaction. Volkswagen is investing 100 million USD in the battery specialist, thus becoming its largest automotive shareholder. Volkswagen will now take a seat on the board of directors of QuantumScape. Furthermore, Volkswagen and QuantumScape have formed a joint venture to enable an industrial level of production of solid-state batteries.

 

Volkswagen and QuantumScape are combining their strengths in the new joint venture: Volkswagen is contributing its production expertise and know-how in scaling projects, while QuantumScape brings its technology leadership in the field of solid-state batteries to the joint venture. The shared goal is to enable an industrial level of production of solid-state batteries. One target is to establish a production line for these batteries by 2025.

Solid-state battery cell technology is seen as the most promising approach for the next-but-one generation of e-mobility. This battery technology has several advantages over the present lithium-ion technology: higher energy density, enhanced safety, better fast charging capability and a much smaller space requirement.

The Volkswagen Group is substantially expanding its range of electric models and aims to offer an electric version of each of the present 300 models by 2030, so probing this battery technology is an important step. Volkswagen has already tested QuantumScape early-stage solid-state battery sample cells in Germany running at automotive rates of power.

Founded in 2010, QuantumScape is headquartered in San José, California and holds over 200 patents and patent applications for solid-state battery cell technology. Its deep expertise makes the company a leading pioneer in the development of this groundbreaking form of energy storage.

CFIUS (Committee on Foreign Investment in the United States) is an interagency committee authorized to review certain transactions involving foreign investment in the United States.

About Volkswagen Belgium

Press room Volkswagen Import (Belgique) réservée à l'usage des journalistes.

Copyright: textes et photos libres de droits pour utilisation rédactionnelle. Toute autre utilisation des textes et des photos n'est pas autorisée. Les informations relatives aux prix et aux équipements sont données à titre indicatif seulement. Les informations pour le marché belge se retrouvent sur le site:  www.volkswagen.be 


D'Ieteren Group:

Notre mission est de bâtir une famille d’entreprises qui réinventent leur industrie, en recherche d’excellence et d'un impact significatif.

Plus d'informations au sujet du Groupe D'Ieteren:  https://www.dieterengroup.com/...


D'Ieteren :

Moving people forward

D’Ieteren est un acteur clé dans les changements de société liés à votre mobilité. Dans un monde en pleine mutation, nous préparons l’avenir. La mobilité de demain, nous la voulons fluide et durable pour tous.

Depuis 215 ans, D’Ieteren, entreprise familiale et citoyenne s’investit sans cesse dans la recherche et la mise en place de solutions adaptées pour transformer la mobilité de chacun au quotidien.

Plus d'informations au sujet de D'Ieteren Automotive:  https://www.dieteren.be/fr/



Information relative aux données personnelles et à leurs traitements:  www.dieteren.be/fr/privacypolicy