Kensington Capital Acquisition Corp. / Quantum Scape

Bill Gates-backed electric car battery startup is on the cusp of changing the industry
Brian Sozzi
Thu, December 17, 2020, 7:45 PM

..............Earlier this month, Singh publicly revealed test results for QuantumScape’s solid state battery. QuantumScape’s data showed its battery cell could charge to 80% of capacity in 15 minutes. Further, it retains more than 80% of its capacity after 800 charging cycles, is non-combustable and boasts nearly double the energy density of high-end commercial lithium batteries.......

.........For starters, the company isn’t expected to start production of its solid state batteries until 2025. And when the batteries do ship, they are likely to first go to support electric autos by Volkswagen — which owns 31% of QuantumScape’s outstanding shares after the company’s SPAC debut a few months ago....

........Meanwhile, it’s unclear if QuantumScape will have to raise more capital before it starts battery production given the capital intensive nature of the business. Singh says the company has $1 billion on the balance sheet and is well capitalized for its battery-making mission.

If Singh could pull off an electrifying future of super batteries, the payoff could be large. The company estimates revenue of $6.4 billion and adjusted operating profits of $1.6 billion by 2028......

https://finance.yahoo.com/news/bill-gate...APSx5amBRf


Apple reportedly working on an electric car sends the stock of this Bill Gates-backed battery startup surging
Tue, December 22, 2020, 1:02 PM

https://finance.yahoo.com/news/apple-rep...35678.html