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Volkswagen Invests Extra $200 Million In U.S. Battery Company QuantumScape

Volkswagen is increasing its stake in U.S. company QuantumScape by up to $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.
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By car&bike Team

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1 mins read

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Published on June 17, 2020

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    Volkswagen is increasing its stake in U.S. company QuantumScape by up to $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 on Tuesday.

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

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    Last Updated on June 17, 2020

    # Volkswagen# Volkswagen US# Volkswagen Electric Vehicle# Quantumspace# Electric Mobility# Auto Industry# Electric Cars
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