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The Volkswagen Group

The VW Group increases stake in US solid-state battery start-up QuantumScape to $300M

Thu, 06/18/2020 - 11:31 -- Paul Crompton

The Volkswagen Group is increasing its stake in US solid-state battery start-up QuantumScape by up to $200 million as the German OEM looks to future of electric vehicle drivetrains.

The companies formed a joint venture in 2018 to work together on solid-state batteries with Volkswagen investing $100 million at the time to enable industrial-level production of the technology.

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