Volkswagen Invests Extra $200 Million In U.S. Battery Company QuantumScape
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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.
Highlights
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.
Last Updated on June 17, 2020
# Volkswagen# Volkswagen US# Volkswagen Electric Vehicle# Quantumspace# Electric Mobility# Auto Industry# Electric Cars
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