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VW ups Quantumscape investment for solid-state batteries

Mon, 06/25/2018 - 11:11 -- John Shepherd
VW ups Quantumscape investment for solid-state batteries

Volkswagen is investing $100 million to increase its stake in US battery start-up Quantumscape and “accelerate” commercialisation of innovative solid-state battery technology.

VW said the deal, which is subject to regulatory approvals, will make it Quantumscape’s largest automotive shareholder and will give the car giant a seat on the board.

 

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