The big question will be whether the company can prove that batteries it manufactures in large quantities will live up to the promise they have shown in the lab. QuantumScape is building a pre-pilot manufacturing line in San Jose where it plans to make batteries by 2024 that automakers can use to test how they perform under the varying conditions that motor vehicles face.
While primarily focused on making batteries for EVs, QuantumScape is also partnering with Virginia-based Fluence Energy Inc. on using its solid state tech for stationary batteries used to store energy from wind and solar devices. QuantumScape went public in a merger with a blank check company in November 2020, before the wind went out of such deals. It was valued at around $54 billion shortly after going public. That's down to around $5 billion today, which still makes it one of the most highly valued upstarts in the battery business.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Battery technology in Silicon Valley: EnerVenue Inc. - Silicon Valley Business JournalBuilding better batteries: EnerVenue's battery cells look like metal water bottles that can be packed in large quantities in units that are the size of 20-foot shipping containers.
Source: svbizjournal - 🏆 334. / 59 Read more »
California moves closer towards the ban of new gasoline car sales - Silicon Valley Business JournalCalifornia's plan to ban the sale of all new gasoline-powered passenger cars and trucks sold within the state after 2035 is expected to become official Thursday.
Source: svbizjournal - 🏆 334. / 59 Read more »
California moves closer towards the ban of new gasoline car sales - Silicon Valley Business JournalCalifornia's plan to ban the sale of all new gasoline-powered passenger cars and trucks sold within the state after 2035 is expected to become official Thursday.
Source: svbizjournal - 🏆 334. / 59 Read more »
Sharks Sports & Entertainment opens Tech CU Arena in San Jose - Silicon Valley Business JournalThe San Jose Barracuda has a new home ice rink with the official opening of the Tech CU Arena. Take a peek inside during its grand opening.
Source: svbizjournal - 🏆 334. / 59 Read more »
Construction costs may escalate 14.1% this year, CBRE report says - Silicon Valley Business JournalSince the onset of the Covid-19 pandemic, record-high construction costs and delays have plagued the development and homebuilding industries — and while pricing has recently started to moderate, relief likely won't be felt until next year.
Source: svbizjournal - 🏆 334. / 59 Read more »