TradingCharts
3 days ago
QuantumScape Announces Timing of First Quarter 2024 Business Results and Webcast
April 10, 2024 04:15 PM Eastern Daylight Time
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release its 2024 first-quarter business results after market close on Wednesday, April 24, 2024. This will be followed by a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.
https://www.businesswire.com/news/home/20240410265865/en/
You in or out on QS?
I do both, this week I am in.
Oleblue
4 weeks ago
QuantumScape Is Starting to Deliver on Its Lofty 2024 Goals
Howard Smith, The Motley Fool
Wed, Mar 27, 2024, 3:07 PM EDT
QuantumScape (NYSE: QS) wants to revolutionize the electric vehicle (EV) battery charging experience. 2024 has marked a slowdown in the pace of growth for EV sales. Many consumers are hesitant to transition to electric cars due to charging concerns.
But QuantumScape's solid-state battery technology could address range anxiety and reinvigorate interest in EVs. Today, the company's stock jumped as much as 10% after it announced another step toward commercializing its batteries.
QuantumScape predicts a transformative year
QuantumScape is working to address what has become a big source of hesitancy from potential EV buyers. Currently, lithium-ion batteries used for EVs use graphite anodes. While that works for the use case, it also has the limitation of low energy density, which limits the battery range.
The company is working to commercialize a higher energy density EV battery that would likely go a long way toward addressing range anxiety. Today, QuantumScape said it has begun to ship the initial trial version of a prototype battery cell to customers. That was one major goal the company had set for 2024. Another is to begin low volume production of its first full commercial product, the QSE-5 battery cell.
QuantumScape has been working to integrate improvements to its solid-state technology since it began the qualification process with potential automotive customers more than one year ago. The company says the newest iteration now being shipped provides "an opportunity for customers to test key performance parameters and prototype-level reliability."
For investors comfortable speculating on its ultimate success, today's news was another welcome milestone. This year could be a transformative one for the company and its goals. But investors should still allocate funds realizing there remains plenty of risk that it won't ultimately succeed or be the first to market.
Should you invest $1,000 in QuantumScape right now?
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https://finance.yahoo.com/news/quantumscape-starting-deliver-lofty-2024-190728750.html
TradingCharts
3 months ago
QuantumScape Announces Timing of Fourth Quarter 2023 Business Results and Webcast
January 31, 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release its 2023 fourth-quarter business results after market close on Wednesday, February 14, 2024. This will be followed by a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). Jagdeep Singh, co-founder and chief executive officer, Kevin Hettrich, chief financial officer, and Siva Sivaram, president, will participate on the call.
https://www.businesswire.com/news/home/20240131138285/en/
TradingCharts
3 months ago
QuantumScape Will Now Sell Its Solid-State Batteries to a Fourth Carmaker
Published: 2 Mar 2022,
https://www.autoevolution.com/news/quantumscape-will-now-sell-its-solid-state-batteries-to-a-fourth-carmaker-182980.html
In a Form 8-K submitted to the U.S. SEC (Securities and Exchange Commission), the startup said that it “recently signed an agreement with a fourth automotive original equipment manufacturer (“OEM”), a top-ten automaker by global revenues.” It then provided the list that contains those automakers.
Volkswagen tops the index, followed by Toyota, Daimler, Ford, Honda, General Motors, Mitsubishi, SAIC Motors, BMW, and Nissan. Stellantis would appear right behind Toyota if it was included in the list and not only received an honorable mention. Thankfully, the Form 8-K in question brings way more information to help us point to the right company. If only that were enough…
Apart from mentioning that QuantumScape and this new automaker will “collaborate on the validation and testing of Company’s solid-state battery cells,” the form states that this mysterious OEM only decided to sign this agreement after testing QuantuScape’s cells in its own labs.
solong
3 months ago
And in November they said they would build a smaller facility and the press I read said that meant the factory in Turkey was not still under consideration.
I've worked at 2 Fortune 100 companies, one here and one in Europe. When you have an "alliance" with another company, as Ford has with VW, you share info.
And with Ford wanting to use the MEB platform (EVs) from VW, would you want to use their platform and buy a battery pack from someone else? Especially one utilizing Lithium as it's foundation? Or one using Solid State, with greater range, non-volatile, lighter weight, quicker charge times, etc?
And, their plant in Michigan is for a "low-cost lithium-ion batteries by 2026" and its plant in Michigan is using technology licensed from CATL" a Chinese company. Members of Congress complained that the incentives (tax breaks) they were offering were never intended to benefit China. That, IMO, is what caused the 2 month delay in construction.
And when their "alliance" partner shared with them the success of the QS cell technology. I think it's reasonable to assume that Ford likes longer range, quicker charge times, and friendlier suppliers. I guess we'll see.
solong
3 months ago
I had read that Ford and VW were partnering to build vehicles with VW leveraging Ford's experience in pickup trucks for a VW branded medium size pickup and Ford utilizing VWs experience in automobiles for Europe for Ford-branded products in Europe ...a little digging and I found the following:
June 10, 2020 – "Ford Motor Company and Volkswagen AG today signed agreements that expand their global alliance to meet rapidly evolving needs of their respective customers in Europe and other regions by leveraging complementary strengths in midsize pickup trucks and commercial and electric vehicles. Plans for the agreements were first announced by Ford and Volkswagen last July." that was in 2019, when they announced an "alliance".
The alliance will: Produce a medium pickup truck engineered and built by Ford, for sale by Volkswagen as the Amarok starting in 2022 within the Volkswagen Commercial Vehicles lineup
And Ford will be using the MEB (electric architecture) for all vehicles it sells in Europe. Ford announced they will only sell EVs in Europe no later than 2030.
This was from March of 2023, "Ford and Volkswagen finalized their agreement to develop vehicles together nearly three years ago. The partnership is producing new models for the two, with Ford's VW-based electric crossover for Europe debuting in a few days. Volkswagen Group CEO Oliver Blume told Automotive News Europe that its partnership with Ford is "intensifying."
In early 2023 Ford had announced that it was going to build several Lithium battery plants in the US using Chinese technology. They put that on hold in September and in November said they were going to build one small plant instead. They also scrapped a plant for Europe.
Maybe Ford will be a target for QS battery technology, not just in Europe but in the US? Maybe that's the Solid State (QS) plants the CEO just recently "hinted" at?
solong
4 months ago
That's a good question and there are a variety of ways we could see this unfold, others in this thread might be able to add other options as well.
1) remember we are only talking about 1 customer (VW) so IF QS keeps the intellectual rights along with any Patent rights then they could work with other manufacturers who might integrate their product into their own proprietary architecture.
A) this all depends on the deal they have with VW - is it a partnership/royalty arrangement/per unit manufactured?
B) Does VW decide to acquire them?
C) Does their agreements with VW provide VW with a lock on the QS rights for a fixed period of time? This could be similar to what Panasonic did with Tesla, Tesla had exclusive rights to the battery-as-storage solution (PowerWall) for a fixed period. A year or two ago Panasonic began selling the same product under the trade name EverVolt ( https://na.panasonic.com/us/energy-solutions/battery-storage/evervolt-battery-storage-system/evervoltr-home-battery )
I think VW will be the main manufacturing partner of QS, I couldn't find any other manufacturers involved with QS, so I'm guessing it's exclusive. And if you look at GM, Ford, the Chinese companies, BMW, Mercedes, Stellantis (Ram, Jeep, Chrysler, Fiat, Citroen, Opel, Peugeot, Alfa Romeo, Maserati, Lancia and others) they all have deals with some other tech or some other company developing their own brand of Solid State batteries. Examples of this would include Toyota and Honda who are working on their own versions.
These are the brands owned by VW: Volkswagen, Audi, Bentley, Porsche, Lamborghini, Audi, Bugatti, Skoda, SEAT, MAN, Scania, and a few more. It's not a bad idea to hitch your wagon to a powerhouse with deep pockets. And VW has been a partner since 2012 - I'm thinking it means QS and VW are tied at the hip.
Until we see details of the relationship, we're all just guessing and I'm not sure guessing is the best way to go. It would seem to make sense, with most of the World's other manufacturers committed to another party, that VW is the one and only. At some point we will see what that relationship means to the company (in the form of payments to QS) and it's price per/share...wish I had an answer to this, but I just have guesses and assumptions at this point.
solong
4 months ago
Same here. There's a lot of asphalt between now and when they announce (hopefully) that they can build their batteries at scale.
Saw a couple of articles on both expected life expectancy for the batter, "Driving habits vary considerably by age and gender. Here in the US the peak annual average among demographic groups is about 19,000 miles per year, which works out to 16 years’s worth of driving.
According to Kelley Blue Book, the average length of car ownership is currently 8.4 years. So, if the figure of 311,000 miles pans out, it’s likely that a US driver would get tired of their car and sell it long before the battery wears down."
And some details about manufacturing locations: "The QuantumScape solid state battery was tested at the PowerCo labs in Salzgitter, Germany, where the company is also hatching plans for a series of six vertically integrated, soup-to-nuts battery manufacturing centers, from raw materials on through to recycling.
“Each factory will be operated 100 percent on electricity from regenerative sources and will be designed for future closed-loop recycling,” PowerCo explains, with a particular emphasis on recycling end-of-life batteries. The overall plan also involves large-scale stationary energy storage systems, so presumably the recycle angle would apply to that angle, too.
Salzgitter will be the home of PowerCo’s first cell factory, to be followed by another in Valencia and three others at European locations to be named later, with six planned in all. The Salzgitter factory alone will be capable of providing enough batteries for 500,000 EVs per year when fully built out.
The company also dropped a hint about plans for the US, stating that “PowerCo is also already exploring the possibility of further gigafactories in North America.”
solong
4 months ago
$QS - from interviews to PRs the company has said that 2024 will be a year of proving that they can manufacture at scale.
Toyota (#2 manufacturer, worldwide) states that it is ramping up EV production in 2024 and they will surprise the market so there will be competition. NOTE: most analyst believe they will offer a lithium solution, not a solid state.
Toyota states that they can provde the expectations of Solid State with their own (lithium) tech and will migrate to Solid State in 2027.
Percentage of Shares Shorted (QS) - 11.11% of the outstanding shares of QuantumScape have been sold short. According to the SEC.
Current Short Volume 54,400,000 shares
Previous Short Volume 54,950,000 shares
Dollar Volume Sold Short - $412.35 million
Percentage of Shares Shorted - 11.11%
Be patient - the shorts are gambling on months worth of quiet time while the company proves it can manufacture their tech, at scale.
I'll be buying again, if the shorts can push this lower.
MiamiGent
4 months ago
QuantumScape skyrockets after dazzling with Volkswagen battery test
Jan. 04, 2024 11:30 AM ETQuantumScape Corporation (QS) StockVLKAF
By: Clark Schultz, SA News Editor26 Comments
https://stockcharts.com/h-sc/ui?s=QS
QuantumScape Corporation (NYSE:QS) soared in afternoon trading after the company reached an important milestone in a test of its anodeless solid-state lithium-metal cells technology by Volkswagen (OTCPK:VLKAF).
In a test confirmed by PowerCo, QuantumScape's (QS) solid-state cell significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles. PowerCo noted that for an electric car with a WLTP range of 500-600 kilometres, this corresponds to a total mileage of more than half a million kilometres. Notably, the cell barely aged and still had 95% of its capacity or discharge energy retention at the end of the test.
PowerCo CEO Frank Blome: "These are very encouraging results that impressively underpin the potential of the solid-state cell. The final result of this development could be a battery cell that enables long ranges, can be charged super-quickly and practically does not age. We are convinced of the solid-state cell and are continuing to work at full speed with our partner QuantumScape towards series production."
The tested solid-state cell consists of 24 layers and thus already corresponds to the planned series cell. Looking ahead, the next step on the way to series production is for QuantumScape (QS) to perfect and scale the manufacturing processes.
QuantumScape (QS) was up 28.85% at 11:25 a.m. on Thursday to $8.38. That is the highest level for the stock since early August. Short interest on QS stands at 15.6% of the total float, which could add some volatility. QuantumScape (QS) is expected to report Q4 earnings sometime during the middle part of February.
linkvest
4 months ago
Just WOW Electric vehicle battery start-up QuantumScape can get its lithium metal solid-state batteries to 80% full in 15 minutes without compromising battery life or safety.
DJ QuantumScape EV Batteries Can Be Charged Super Fast. Why That Matters. -- Barrons.com
7:03 AM ET 12/8/20 | Dow Jones
By Al Root
Electric vehicle battery start-up QuantumScape can get its lithium metal solid-state batteries to 80% full in 15 minutes without compromising battery life or safety.
That's big. If QuantumScape's (ticker: QS) technology scales up, it means a typical EV with some charge left -- and with 200 or 300 miles of designed per charge range -- could pick up about 200 miles of driving range in under 15 minutes. That should be fast enough to alleviate much of the range anxiety consumers sometimes feel when thinking about purchasing a battery powered car.
Quantum released its data ahead of the company's "solid state battery showcase" which begins at 11 a.m. eastern time.
"Previous attempts to create a solid-state separator capable of working with lithium metal at high rates of power generally required compromising other aspects of the cell -- cycle life, operating temperature, safety, cathode loading, or excess lithium in the anode," reads the release.
In addition to the charge time, Quantum says its tested cells are capable of lasting hundreds of thousands of miles and "retained capacity of greater than 80% after 800 [charge/discharge] cycles."
"We believe that the performance data we've unveiled today shows that solid-state batteries have the potential to narrow the gap between electric vehicles and internal combustion vehicles," said CEO Jagdeep Singh in the company's news release. Quantum hopes its advances can help make EVs the dominant form of personal transportation.
Investors, to this point, have been very high on Quantum's business prospects. The stock has gained about 96% over the past month, valuing company stock at almost $20 billion.
QuantumScape doesn't plan to reach a billion in sales until around 2026 to 2027. The company will be scaling its technology and testing in automotive environments. Volkswagen (VOW.Germany) is a part owner of the company and plans to use solid state batteries in the future.
Looking ahead to the company's event, investors and analysts will have the chance to ask management about design and testing as well as how Quantum's technology can scale to automotive volumes. The company will have battery experts presenting as part of the live stream.
"These results blow away what was previously thought to be possible in a solid-state battery," said Venkat Viswanathan, battery expert and professor of materials science at Carnegie Mellon University in the news release. "This data shows the capability to charge to 80% capacity in 15 minutes, corresponding to an astonishingly high rate of lithium deposition of up to a micron per minute."
Viswanathan might be one of the experts available. Barron's doesn't know exactly what he means in his quote about microns per minute. Perhaps Viswanathan will explain exactly what it means and provide investors with a little additional context.
Write to Al Root at allen.root@dowjones.com
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