Companies join forces to advance world-leading lithium-metal technology toward mass- manufacturing for passenger EVs. PowerCo licensed to manufacture up to 40 GWh per year, with the option to expand up to 80 GWh annually, enough to outfit approximately one million EVs per year.
23 Jul 2024 | 5728 Views | By Autocar Professional Bureau
Volkswagen Group’s battery company PowerCo and QuantumScape have entered into a groundbreaking agreement to industrialise QuantumScape’s next-generation solid-state lithium-metal battery technology. Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScape’s technology platform.
Under the non-exclusive license, ...
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Volkswagen Group’s battery company PowerCo and QuantumScape have entered into a groundbreaking agreement to industrialise QuantumScape’s next-generation solid-state lithium-metal battery technology. Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScape’s technology platform.
Under the non-exclusive license, PowerCo can manufacture up to 40 gigawatt-hours (GWh) per year using QuantumScape’s technology with the option to expand up to 80 GWh annually, enough to outfit approximately one million vehicles per year. The companies believe this high-touch engagement represents the fastest way to achieve gigawatt-hour-scale production of solid-state technology to meet the growing global demand for better electric vehicle batteries. The agreement supersedes an earlier joint venture between the Volkswagen Group and QuantumScape to co-manufacture batteries.
The agreement creates a highly collaborative partnership that amplifies the companies’ core competencies – QuantumScape’s cutting-edge technology and PowerCo’s global capabilities in industrialisation and manufacturing facilities. It will feature a combined workforce initiative to accelerate the industrialisation of QuantumScape’s technology. A large, dedicated scale-up team, composed of experts from both companies, will execute on the industrialisation activities.
QuantumScape’s technology platform is based on the company’s proprietary solid-state ceramic separator, which enables the use of a pure lithium-metal anode – a transformative innovation that is designed for exceptional energy and power density, fast charging and a robust safety profile.
Together, the companies will target a product that will be scaled-up for integration in a Volkswagen Group vehicle series.
“With this cooperation, we aim to bring the most sustainable and cutting-edge battery cells to our customers,” said Frank Blome, CEO of PowerCo. “We have been collaborating and testing QuantumScape prototype cells for years now and we are looking forward to bringing this technology of the future into series production. QuantumScape’s technology is poised to enter a pivotal stage where PowerCo’s specialised expertise, resources and global factories can help facilitate the transition to industrial-scale production.”
“Electric vehicles are the future of mobility, and this agreement with QuantumScape will ensure the Volkswagen Group’s global fleet has access to this groundbreaking battery technology for years to come,” said Thomas Schmall, Volkswagen Group Board Member for Technology. “We are committed to driving the industry forward to ensure that our electric vehicles set the benchmark for excellence and sustainability.”
“This agreement is a major step in our long-term global scale-up strategy to bring QuantumScape’s solid-state lithium-metal battery technology to market,” said Dr. Siva Sivaram, CEO and president of QuantumScape. “Combining our cutting-edge technology with PowerCo’s expertise in manufacturing and industrialisation, this deal establishes a blueprint for a capital- light business approach and positions us at the forefront of energy storage innovation. Working closely with PowerCo as our first customer will help us accelerate commercialisation and adoption of these game-changing batteries together.”