Volkswagen Invests Extra $200 Million In U.S. Battery Company QuantumScape

With the additional investment in QuantumSpace, Volkswagen wants to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times.

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Volkswagen also said that plans for a pilot plant were expected to be firmed up this year

Volkswagen is increasing its stake in U.S. company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the German carmaker said on Tuesday.

Volkswagen added that plans for a pilot plant were expected to be firmed up in the course of this year.

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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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