QuantumScape Announces First Quarter 2021 Financial Results, Posts Shareholder Letter to IR Website

Rhea-AI Summary

QuantumScape (NYSE:QS) announced its financial results for Q1 2021, ended March 31, 2021. The company emphasizes progress in developing next-generation solid-state lithium-metal batteries for electric vehicles. A Shareholder Letter detailing results and updates on multilayer cells and zero pressure cells is available on their Investor Relations website. CEO Jagdeep Singh expressed enthusiasm about recent developments, and a conference call will be held today at 2:00 PM PT. For more details, visit QuantumScape's website.

Positive

• Progress reported on multilayer cells and cells with zero externally applied pressure.
• First quarterly letter of 2021 issued, aiming to enhance shareholder understanding.

Negative

• None.

QuantumScape Corporation (NYSE:QS, "QuantumScape”), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced its financial results for the first quarter of 2021, which ended March 31, 2021.

The company posted a Shareholder Letter to its Investor Relations website, https://ir.quantumscape.com/, detailing its results and providing a business update, including progress on multilayer cells and new data on cells with zero externally applied pressure.

“I am delighted to issue QuantumScape’s first quarterly letter of 2021. We encourage you to read it, as we believe it will help foster a better understanding of our company and recent developments as we look to the future,” said Jagdeep Singh, Co-founder & Chief Executive Officer of QuantumScape.

QuantumScape will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today, May 11, 2021. Participating on the call will be Jagdeep Singh and Kevin Hettrich, Chief Financial Officer, of QuantumScape.

The call can be accessed via a live webcast accessible on the Events Calendar section of the Investor Relations website. An archive of the webcast will be available shortly after the call for 12 months.

About QuantumScape Corporation
QuantumScape is a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. QuantumScape’s mission is to revolutionize energy storage to enable a sustainable future.

For additional information, please visit www.quantumscape.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210511006105/en/

FAQ

What were QuantumScape's financial results for Q1 2021?

QuantumScape announced Q1 2021 financial results but details on revenue or earnings were not specified.

How is QuantumScape progressing with its battery technology?

QuantumScape reported advancements in multilayer cells and new data on cells that function without external pressure.

When is QuantumScape's conference call regarding their Q1 2021 results?

The conference call is scheduled for May 11, 2021, at 2:00 PM Pacific Time.

Where can I find QuantumScape's latest Shareholder Letter?

The latest Shareholder Letter can be found on QuantumScape's Investor Relations website.