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QuantumScape licenses its solid-state cell technology to Volkswagen's PowerCo
QuantumScape and Volkswagen's PowerCo announced a landmark non-exclusive licensing agreement allowing PowerCo to mass-produce cells based on QuantumScape's solid-state lithium-metal technology, with capacity up to 40 gigawatt-hours annually and expansion to 80 GWh available. The deal shifts QuantumScape toward a licensing model and combines PowerCo's industrialization capabilities with QuantumScape's proprietary ceramic separator and pure lithium-metal anode.
- Non-exclusive license: PowerCo can produce up to 40 GWh/year; expandable to 80 GWh.
- Capacity sufficient for ~1M vehicles annually at 80 GWh scale.
- Licensing supersedes earlier joint venture arrangement between companies.
- License requires satisfactory technical progress and royalty payments.