VW to build QuantumScape solid-state batteries under license [Video]

• Volkswagen plans to license solid-state battery tech
• QuantumScape, the battery supplier, will use VW as a key investor
• The deal gives VW enough batteries to possibly make approximately one million EVs a year

Volkswagen Group has reached a deal to license solid-state battery technology from QuantumScape, a U.S. battery startup that counts the German automaker as a key investor.

Solid-state batteries hold the potential to offer significantly longer range, faster charging times, reduced costs, and enhanced safety for electric vehicles. However, challenges exist in making the technology suitable for the demanding conditions of automotive applications, as well as mass production.

Under the deal announced on Monday, which replaces a previously planned joint venture between the two companies, VW Group’s PowerCo battery company will manufacture solid-state batteries using QuantumScape technology under a non-exclusive license.

The deal will initially enable PowerCo to build up to 40 gwh of batteries per year, with the option to increase this to 80 gwh, or enough for approximately one million EVs. …