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QuantumScape Announces Fourth Quarter and Full Year 2020 Financial Results, Posts Shareholder Letter to IR Website

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QuantumScape (NYSE: QS) announced its financial results for Q4 and full year 2020, ending December 31. The company, focused on next-generation solid-state lithium-metal batteries for electric vehicles, shared a Shareholder Letter on its Investor Relations website. CEO Jagdeep Singh expressed excitement over QuantumScape's debut quarterly letter and the progress made in developing multilayer cells. A conference call is scheduled for February 16, 2021, at 2:00 PM PT to discuss the results and future outlook.

Positive
  • Progress in developing multilayer cells.
  • First quarterly letter as a publicly traded company enhances transparency.
Negative
  • None.

QuantumScape Corporation (NYSE: QS, or "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 its fourth quarter and full year 2020, which ended December 31, 2020.

The company has posted a Shareholder Letter to its Investor Relations website, https://ir.quantumscape.com/, detailing its results and providing a business update, including progress on developing multilayer cells.

“I am delighted to issue QuantumScape’s first quarterly letter as a publicly traded company. 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, February 16, 2021. Participating on the call will be Jagdeep Singh, Co-founder and Chief Executive Officer, 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 twelve 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.

FAQ

What were QuantumScape's Q4 2020 financial results?

QuantumScape reported its financial results for Q4 2020, with a focus on developments in solid-state battery technology.

When is QuantumScape's conference call for Q4 2020 results?

The conference call is scheduled for February 16, 2021, at 2:00 PM PT.

What is QuantumScape's focus in battery development?

QuantumScape focuses on developing next-generation solid-state lithium-metal batteries for electric vehicles.

Who spoke in the QuantumScape Q4 2020 letter?

CEO Jagdeep Singh discussed the company's achievements and future prospects in the Q4 2020 letter.

Where can I find QuantumScape's shareholder letter?

The Shareholder Letter is available on QuantumScape's Investor Relations website.

QuantumScape Corporation

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