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Volkswagen throws away 1.3 billion after batterifirma

Volkswagen group increases its stake in the company QuantumScape and invest an additional 200 million u.s. dollars in the u.s. batterispecialist.

the Goal is to jointly develop solid-state battery technology, which in the future potentially will extend the range and shorten charging times for electric vehicles significantly.

This was stated by Volkswagen in a press release.

- We are making technological progress, together with our partner QuantumScape. The extra investment will effectively strengthen and accelerate our common development, said Thomas Schmall, chairman of Volkswagen Group Components, and has responsibility for the batteries.

See also: Volkswagen's hyped electric car is very delayed: More features does not work

the Volkswagen group and QuantumScape have worked together since 2012, and by 2018, cooperation has mainly been with a view to developing solid-state batteries for mass-production.

Solid-state batteries are considered as one of the most promising technologies for the next generation of electric cars.

With the same physical size battery as the current lithium-ion batteries are that in the future it is possible to produce electric vehicles with solid-state batteries, which have the same range as a car with a conventional drivlinje. At the same time will ladetiderne be significantly reduced.

- Volkswagen making e-mobility mainstream. A strong position in the field of batteries play a vital role in this regard, said Frank Blome, who is head of cell production in the Volkswagen Group.

- We ensure our global supply of efficient producers, a gradual build-up of production and drives the development of advanced solid-state battery technology. Our focus in this context is on long-term strategic partnerships, he says.

the Volkswagen group is already the largest shareholder in QuantumScape with an investment of 100 million dollars. A further investment of nearly 200 million, and an increased stake in QuantumScape is still subject to various conditions. Both partners are planning to set up a pilot plant, and plans are expected to become more concrete in the course of this year.

See also: Volkswagen throws 17 billion after startup

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