QuantumScape Achieves Milestone with Solid-State Battery Shipments
The company has begun shipping its first B-sample solid-state battery cells to automakers for testing, marking a significant step in its 2024 objectives.
- QuantumScape's stock surged after announcing it has shipped its initial B-sample solid-state battery cells to automotive customers for testing.
- The B-sample cells, part of the company's QSE-5 product, offer high energy density and fast-charging capabilities, charging from 10% to 80% in under 15 minutes.
- The company has achieved a key 2024 goal by beginning low-volume production of these cells, which are designed for next-generation automotive applications.
- QuantumScape reported a Q3 loss per share of $0.23, aligning with analyst expectations, and outlined a projected annual adjusted EBITDA loss between $280 million and $300 million.
- The company plans to enhance cell reliability and productivity, with the next production stage, the Cobra process, targeted to commence in 2025.
Electrek 