Industrializing QuantumScape's Next-Gen Lithium-Metal Battery: Key Details
Thursday, 11 July 2024, 12:31
QuantumScape Battery Deal with PowerCo
QuantumScape Corp collaborates with Volkswagen Group's battery company, PowerCo, to industrialize next-gen solid-state lithium-metal battery technology.
License Agreement
- Exclusive License: PowerCo granted license for mass production of battery cells based on QuantumScape's advanced technology platform.
- Royalty Payments: Agreement includes certain royalty payments, contingent upon technical progress.
Implications of the non-exclusive license and market response to the deal are significant for both companies.
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