#Solid state battery full

The company is targeting 2023 to begin its pre-pilot production line and 2025 for its Start of Production.Īt the core of its bull case is the partnership with Volkswagen, the largest automaker in the world by revenue who has financially backed QuantumScape since 2012. QuantumScape wants to replace conventional lithium-ion batteries with its non-combustible anode-free lithium-metal technology that has up to 80% greater energy density for enhanced range and has the ability to charge from 10% to 80% in just 15 minutes. Is the future QuantumScape promised seemingly slipping away? And does the new share price present an opportunity for a long position? The Future QuantumScape Promises With its stock now down by 92% from its all-time highs, two questions spring up. This would quickly rise to $54 billion in the weeks following with shares trading at $131 per common share. The company has had a colourful stock market history and went public via a blank check company in November 2020 at a $3.3 billion valuation. The prospect of waiting hours to charge a vehicle that they have paid more for has proved too daunting and a reason why EVs still accounted for just 4% of new cars sold in the United States in 2021.įounded in 2010 and based in California, QuantumScape ( NYSE: QS) is developing solid-state batteries for the next generation of EVs. However, consumers rightly want peace of mind. This really should not be a barrier as the average American drives only around 39 miles a day, a number more than covered by even the cheapest used EV models with batteries at the later stages of their charge and discharge cycle. And while US charging infrastructure continues to be built out and improved on the back of a surge of capital expenditure by EV charging companies like ChargePoint ( CHPT ), EVgo ( EVGO ) and Blink Charging ( BLNK ), it still takes a few hours to get to near-full charge from zero unless you're using a DC fast charging station.

#Solid state battery full

Range anxiety is still somewhat pertinent in the minds of those used to filling up their gas tanks to full in a couple of minutes and then driving their car for hundreds of miles. Cost, range, and charging are frequently cited as reasons why households still pass up buying an EV for an internal combustion engine vehicle.