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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.85 | 0.72% | 118.40 | 118.20 | 118.45 | 118.50 | 117.20 | 117.55 | 87,202 | 20:59:30 |
From May 2021 to May 2024
By Michael Dabaie
QuantumScape Corp. said Friday it signed an agreement with Volkswagen Group of America Inc. to select the location of their joint-venture solid-state battery pilot-line facility by the end of 2021.
QuantumScape, which is developing lithium-metal batteries for use in electric vehicles, said the companies currently contemplate Salzgitter, Germany, for the location.
The pilot-line facility, QS-1, will initially be a 1-gigawatt hour battery cell commercial production plant for electric vehicle batteries. QuantumScape and Volkswagen plan to expand production capacity by a further 20 GWh at the same location, the company said.
In late March, QuantumScape announced an additional $100 million in funding from Volkswagen after Volkswagen confirmed through tests at its labs in Germany that QuantumScape cells met the established technical milestone.
QuantumScape shares were up 5%, to $27.80, premarket.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 14, 2021 09:17 ET (13:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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