QuantumScape(NASDAQ) QS

QuantumScape Corporation makes better batteries for electric cars. These batteries help cars drive further and charge faster. The company helps car makers move away from gasoline.

Powering the Future of Driving

• Solid-State Separator: Proprietary ceramic component that replaces liquid electrolytes; designed to improve safety and performance.
• QSE-5 Cell: Targeted commercial product with a capacity of approximately 5 amp-hours.
• B-Sample Cells: Mature prototype units used for customer testing; units provide fast-charging from 10% to 80% in under 15 minutes.
• Anode-Free Design: Engineering approach that builds the battery's energy storage part during its first charge.

Moving Toward Commercial Production

• Shipped first A0 prototype cells to several car manufacturers in 2022.
• Demonstrated technology in an electric motorcycle with Volkswagen and PowerCo in 2025.
• Installed a highly automated battery cell pilot production line in 2025.
• Inaugurated the San Jose pilot production line in Feb. 2026.
• Signed a milestone-based payment agreement with PowerCo in July 2026.

Why This Battery Is Different

QuantumScape uses a unique solid-state ceramic separator to replace liquid parts in current batteries. This design allows for a lithium-metal anode that only forms during the first charge.

Measuring the Development Costs

• Net loss was $98.2 million in the three months ended June 30, 2026, down 14% year over year.
• Research and development expenses were $167.1 million for the six months ended June 30, 2026, down 15% year over year.
• Market capitalization was $4.6 billion in Q2 2026, up 23.0% year over year.
• Cash, cash equivalents, and marketable securities totaled $859.0 million as of June 30, 2026.
• The company reported an accumulated deficit of approximately $4.0 billion through June 30, 2026.

The Path Forward

QuantumScape has evolved from laboratory research to shipping automotive prototypes and installing automated pilot lines. The company continues to refine its solid-state technology through strategic partnerships with major automakers.