QuantumScape Corporation
QuantumScape Enters Amendment to Collaboration Agreement with PowerCo
Summary
On July 17, 2025, QuantumScape Battery, Inc., a subsidiary of QuantumScape Corporation, amended its collaboration agreement with PowerCo SE, a battery cell company wholly owned by the Volkswagen Group. The amendment outlines a joint scale-up team's responsibilities for developing and validating battery cells based on QuantumScape's QSE-5 solid-state lithium metal battery technology. PowerCo has committed to contributing up to $130.7 million over two years and has the option to produce up to an additional 5 gigawatt-hours of battery cells annually under the amended IP license agreement. The amendment also provides PowerCo the future right to license additional technology from QuantumScape.
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About QuantumScape Corporation
QuantumScape Corporation is a leading technology company specializing in the development and commercialization of advanced solid-state lithium-metal batteries. Its primary function is to innovate in the field of energy storage, specifically targeting the automotive industry with next-generation batteries that promise greater energy density, faster charging times, and enhanced safety compared to traditional lithium-ion alternatives. QuantumScape’s technology aims to revolutionize electric vehicles (EVs), providing a crucial component that can significantly extend driving ranges and reduce charging frequencies, thereby overcoming major barriers to EV adoption. Based in California, QuantumScape collaborates with prominent automotive manufacturers to bring its cutting-edge solutions to market, positioning itself as a pivotal player in the transition to sustainable energy. The company’s efforts are particularly impactful in sectors emphasizing clean energy transitions, such as transportation and renewable energy storage, contributing to the broader effort of reducing global carbon emissions. As such, QuantumScape is recognized for its potential role in shaping the future of green technology and enhancing the viability of electric mobility solutions worldwide.
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