Volkswagen invests extra US$200 million in US battery company QuantumScape

Volkswagen is increasing its stake in U.S. company QuantumScape by up to US$200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the German carmaker said https://bit.ly/2BcvqPY on Tuesday.

FILE PHOTO: A general view of the Volkswagen construction plant which reopened after closing down last month due to the coronavirus disease outbreak in Bratislava, Slovakia April 28, 2020. REUTERS/Radovan StoklasaBERLIN: Volkswagen is increasing its stake in U.S. company QuantumScape by up to US$200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the German carmaker said https://bit.

Volkswagen added that plans for a pilot plant were expected to be firmed up in the course of this year.

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