The Volkswagen Group has invested approximately $100 million in California battery QuantumScape, following six years of collaboration with the firm. VW also announced that it aims to have a production facility for solid-state batteries by 2025.
VW estimates that solid-state battery technology could more than double capacity compared with its current batteries, for example boosting the range of the e-Golf from its current 186 miles (NEDC) to 466 miles. VW claims to have already successfully tested solid-state battery technology produced with QuantumScape at EV scale.
QuantumScape CEO Jagdeep Singh said, “Volkswagen is the world’s largest automotive manufacturer and leads the industry in its commitment to electrification of its fleet. We think the higher range, faster charge times and inherent safety of QuantumScape’s solid-state technology will be a key enabler for the next generation of electrified powertrains.”
The VW Group’s Head of Research, Axel Heinrich, said, “The solid-state battery will mark a turning point for e-mobility. By increasing our stake in QuantumScape and forming the joint venture we strengthen and deepen our strategic cooperation with an innovative partner and secure access to the promising QuantumScape battery technology for Volkswagen.”
The race to get into solid-state is, shall we say, solidifying. Last year, BMW announced its investment in solid-state specialist Solid Power, and also aims to have solid-state-powered EVs on the road by 2025. Dyson, Fisker, Panasonic, Toyota, Nissan and Honda also have plans to produce solid-state batteries.