ADDED
In December 2025, the registrant transferred the listing of its Class A Common Stock from the NYSE to The Nasdaq Stock Market LLC (Nasdaq Global Select Market).
The Company cautions you that these forward-looking statements are subject to risks and uncertainties, including those described in Part I, Item 1A, Risk Factors in this Report, most of which are difficult to predict and many of which are beyond the control of the Company and incident to its business.
Anode The negative electrode in a battery, serving as the host material for lithium ions during charging Battery cycle life The number of times a battery can be charged and discharged until its capacity is significantly reduced (e.g.
Our cell design includes a separator that consists of an inorganic solid ceramic film that has characteristics of both a separator and an electrolyte, and we sometimes refer to our proprietary solid-state electrolyte-separator as electrolyte-separator , solid-state separator , or solid-state electrolyte-separator .
Overview QuantumScape is a leader in developing next-generation solid-state lithium-metal battery technology for EVs and other applications.
We are in the midst of a once-in-a-century shift in automotive powertrains, from ICE to clean EVs.
We believe no other lithium-metal battery technology has demonstrated the capability of achieving automotive rates of power with acceptable battery cycle life at modest levels of pressure (approximately 3 to 4 atmospheres ( atm )).
Volkswagen is one of the largest car companies in the world and, over the last ten years, Volkswagen has invested approximately $380 million in us.
In July 2024, we entered into a Collaboration Agreement (the Collaboration Agreement ) with PowerCo SE ( PowerCo ), a battery cell company wholly owned by Volkswagen, with the goal of PowerCo industrializing QS technology based on QSE-5.
In July 2025, we entered into an amendment and restatement of the Collaboration Agreement (the PowerCo Amendment , together with the Collaboration Agreement, the PowerCo Collaboration Agreement ), and entered into a statement of work outlining the scope and responsibilities of the joint scale-up team working at our battery development pilot line in San Jose, California for the development, validation, demonstration, and initial commercialization of QS battery cell technology based on QSE-5 and toward the transfer of such technology into cell size determined by PowerCo (the Project ).
REMOVED
Anode The negative electrode in a battery Anode-free cells A battery cell that is manufactured without a host material for the anode or excess lithium Battery cycle life The number of times a battery can be charged and discharged until its capacity is significantly reduced (e.g.
Our cell design includes a separator that consists of an inorganic solid ceramic film that has characteristics of both a separator and an electrolyte, and we sometimes refer to it as electrolyte-separator .
Overview QuantumScape is a leader in developing next-generation solid-state lithium-metal battery technology for electric vehicles ( EVs ) and other applications.
We are at the beginning of a forecasted once-in-a-century shift in automotive powertrains, from internal combustion engines ( ICE ) to clean EVs.
We believe no other lithium-metal battery technology has demonstrated the capability of achieving automotive rates of power (power is the rate at which a battery can be charged and discharged) with acceptable battery cycle life at modest levels of pressure (approximately 3 to 4 atmospheres ( atm )).
Volkswagen is one of the largest car companies in the world and intends to be a leader in EVs.
Over the last ten years Volkswagen has invested approximately $380 million in us.
In July 2024, we entered into a Collaboration Agreement (the PowerCo Collaboration Agreement ) with PowerCo SE ( PowerCo ) , a battery cell company wholly owned by Volkswagen, with the goal of industrializing the solid-state lithium-metal battery technology we intend to use in our first planned product the QSE-5 (the QSE-5 Technology ) and concurrently entered into a Joint Venture Termination and Release Agreement (the JV Termination Agreement ) and terminated the Joint Venture Agreement (as amended, the JVA ) that VWGoA, VGA and QuantumScape originally executed in 2018.
While we signed an agreement with PowerCo with the goal of commercializing our battery technology, we intend to continue working closely with automotive Original Equipment Manufacturers ( OEMs ) to make our solid-state battery cells widely available over time.
However, we recognize that our solid-state battery technology has applicability in other large and growing markets, including stationary storage and consumer electronics, and intend to explore opportunities in those areas as appropriate.