TUK020 wrote:BobbyD wrote:They've been working with VW for around a decade, VW have tested their products, had access to all their data, deemed them interesting and bought a significant stake in the company*. So whilst we can't see a lot, an experienced engineering firm with one of the biggest R&D budgets on the planet has, and liked what they saw. This gives me some confidence that there is something there which actually has a good chance of making it to market. It's no guarantee, and it won't be the only development if it does, I don't subscribe to the one winner theory, especially since their product is (assuming it can be commercialised) so versatile.
QS has secured more space in San Jose with an eye to production, and their JV with VW is probably going to settle on Salzgitter which is turning in to the hub of VW's battery division. I don't expect to see anything on the market tomorrow, I'd hope they'd have an established presence in 5 years time. So somewhere between those 2 dates...
* Worth noting VW paid a rounding error on their annual profits for it, however QS are firmly entrenched in their plans for electrification.
super helpful insight.
thank you
From a QS 8-K filing:
Item 8.01. Other Events
QuantumScape Corporation (the “Company”) recently signed an agreement with a fourth automotive original equipment manufacturer (“OEM”), a top tenautomaker by global revenues.
1 The companies agreed to collaborate on the validation and testing of Company’s solid-state battery cells with the goal of providingsuch cells to the OEM for inclusion into pre-production prototype vehicles and ultimately into serial production vehicles. The agreement follows testing of theCompany’s early-stage cells by the OEM in its labs.
Subject to satisfactory validation of certain milestones, the Company will reserve at least five MWh of capacity from the Company’s QS-0 pre-pilot production linefacility for this OEM.
In addition, if the milestones are met and the parties mutually agree, they will work together to establish a joint venture with the objective of building and operatinga U.S.-based facility to produce solid-state batteries of up to 50 gigawatt hours (GWh) in capacity for use in the OEM’s serial production vehicles.
https://sec.report/Document/0000950170-22-002391/
VW is the first. The second is also an unknown top 1o manufacturer, the third a global luxury OEM rumoured, believably or not, to be Tesla.
The top 10 list linked to is:
1. Volkswagen – $290.2 billion
2. Toyota – $272.3 Billion
3. Daimler – $193.3 Billion
4. Ford – $156 Billion
5. Honda – $137.3 Billion
6. General Motors – $137.2 Billion
7. Mitsubishi – $135.9 Billion
8. SAIC Motor – $122 Billion
9. BMW – $116.6 Billion
10. Nissan – $90.8 Billion
- https://www.globalcarsbrands.com/car-br ... e-in-2021/