PowerCo, the battery division of Volkswagen Group, and QuantumScape Corp. (NYSE: QS) have inked a partnership that will see the lithium-based, solid-state batteries developed by QuantumScape mass produced by Volkswagen Group’s battery production arm. This strategic collaboration is intended to bolster EV battery safety and performance by quickly bringing to market the novel solid-state batteries.
Through this partnership, QuantumScape agreed to give PowerCo a license to manufacture EV batteries based on QuantumScape’s cutting-edge battery technology. PowerCo has been permitted to make approximately 40GWh of these battery cells each year, and the company will be at liberty to ramp up its…
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