QuantumScape Corporation - QS STOCK NEWS

QuantumScape (NYSE: QS) announced the successful testing of its 10-layer battery cells, achieving 800 cycles with charge rates under one hour at 25 °C. This milestone meets the goals set for 2021, showcasing advancements in solid-state lithium-metal battery technology. CEO Jagdeep Singh stated these results are unprecedented in the industry. The company aims to enhance cell quality and consistency in 2022 and 2023 while progressing its QS-0 pre-pilot production line to deliver customer prototypes.

QuantumScape Corporation (NYSE: QS) has secured new facilities in San Jose as part of its expansion plan. The QS Campus will enhance manufacturing capabilities, complementing the existing QS-0 production line. This development aligns with the company's goal to commercialize solid-state lithium-metal battery technology. QuantumScape has signed 10-year leases for the new buildings, which will support research, development, and accommodate hundreds of new employees. The company aims to start outfitting the facilities in January 2022.

QuantumScape Corporation (NYSE: QS) has released an independent report showcasing the performance of its solid-state lithium-metal battery cells, tested by Mobile Power Solutions. The cells achieved over 800 cycles under automotive-relevant conditions, maintaining over 80% energy retention. The testing confirms QuantumScape's previous performance claims from December 2020. The report highlights significant factors, including operational efficiency at room temperature and high discharge rates. QuantumScape aims to advance its product goals and meet customer needs while addressing challenges in scaling and manufacturing.

QuantumScape Corporation (NYSE: QS) reported its third-quarter financial results for 2021 on October 26. The results include updates from independent lab tests of its lithium-metal battery cells and insights on customer engagements. The company emphasized ongoing progress in multilayer cell cycle data. QuantumScape aims to revolutionize energy storage for electric vehicles, positioning itself as a leader in solid-state battery technology.

QuantumScape Corporation (NYSE: QS) will release its 2021 Q3 financial results on October 26, 2021, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET), featuring CEO Jagdeep Singh and CFO Kevin Hettrich. Shareholders can submit and vote on questions for the call until October 22, 2021, at 2:00 PM PT. The earnings call will be accessible via a live webcast, with an archive available for 12 months.

QuantumScape Corporation (NYSE: QS) announced its Q2 2021 financial results, highlighting ongoing developments in solid-state lithium-metal batteries for electric vehicles. The company is currently testing its first 10-layer cells and making progress on the QS-0 pre-pilot manufacturing line, including the ordering of long-lead equipment. A conference call is scheduled for 2:00 p.m. PT to discuss these results and further business updates. QuantumScape aims to revolutionize energy storage to enable a sustainable future.

QuantumScape has announced the redemption of all outstanding public warrants by 5:00 p.m. EDT on August 24, 2021. Registered holders must exercise their warrants, which allow the purchase of shares at $11.50, or they will be redeemed for $0.01 each. This decision follows the stock's price exceeding $18.00 for 20 trading days. Currently, 1,544,871 public warrants are outstanding, potentially raising $17.8 million if fully exercised. The public warrants will cease trading after the redemption date.

QuantumScape Corporation (NYSE: QS) announced it will release its Q2 2021 financial results on July 27, 2021, after the market closes. A conference call will follow at 2:00 p.m. Pacific Time, featuring CEO Jagdeep Singh and CFO Kevin Hettrich. Shareholders can submit questions until July 26 at 5:00 PM Eastern Time through an online platform. The call will be available via a live webcast on QuantumScape's Investor Relations page, with an archive accessible for 12 months.

QuantumScape Corporation (NYSE: QS) will join the Russell 3000 and Russell 1000 Indexes effective June 28, 2021. This annual reconstitution recognizes the company's progress in developing solid-state lithium-metal batteries for electric vehicles. CEO Jagdeep Singh highlighted this milestone as a way to enhance awareness of their technology's potential to support the automotive industry's transition to electric powertrains. Membership in these indexes is based on market capitalization and style attributes, lasting for a year.