Can Shares of QuantumScape Hit $15 Again?

Can Shares of QuantumScape Hit $15 Again?

Key Points The company just announced it expanded its existing collaboration and licensing agreement with Volkswagen Group’s battery maker, PowerCo. The company ended its second quarter with $797.5 million in cash and extended its cash runway into 2029. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must…

QuantumScape burns cash as it ramps up VW solid state battery

Solid state battery maker QuantumScape is set to receive the first payments in a new deal with Volkswagen as it burns cash in the development of its lithium metal battery cells. QS has also signed another deal with an unnamed global automotive AOEM for the technology. The second quarter saw $123m in outgoings at QuantumScape […] The post QuantumScape burns cash as it ramps up VW solid state battery appeared first on eeNews Europe.