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Investing.com -- QuantumScape (NYSE:QS) stock soared 19% after the company and PowerCo, the battery company of Volkswagen Group, unveiled the world’s first live demonstration of solid-state lithium-metal batteries powering an electric vehicle at IAA Mobility in Munich.
The demonstration featured a modified Ducati V21L race motorcycle equipped with QSE-5 battery cells produced using QuantumScape’s Cobra production process. This marks a significant milestone as the first anode-free solid-state batteries to transition from laboratory testing to real-world vehicle application.
The showcased technology reportedly delivers impressive specifications, including 844 Wh/L energy density, fast charging from 10% to 80% in just over 12 minutes, and 10C continuous discharge capability. These performance metrics address key industry demands for batteries with superior energy density, charging speed, safety, lifespan, and cost-effectiveness.
"Today we’ve crossed the threshold from possibility to reality," said Dr. Siva Sivaram, CEO and president of QuantumScape. "We believe that our partnership with PowerCo, together with Ducati as our demonstration launch partner, positions us to scale our transformative technology to gigawatt-hour production."
The demonstration follows QuantumScape’s June integration of its proprietary Cobra separator manufacturing process into baseline production. Additionally, QuantumScape and PowerCo recently expanded their strategic collaboration, which includes up to $131 million in new milestone-based payments over the next two years to scale manufacturing and enable higher-volume prototype cell deliveries.
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