QuantumScape Announces Second Quarter 2021 Financial Results & Posts Shareholder Letter to IR Website

Rhea-AI Summary

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.

Positive

• Advancement in testing 10-layer cells.
• Progress on QS-0 pre-pilot manufacturing line.

Negative

• None.

QuantumScape Corporation (NYSE: QS), 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 second quarter of 2021, which ended June 30, 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 that it is currently testing its first 10-layer cells, and is making progress on construction of the QS-0 pre-pilot manufacturing line, including ordering long-lead equipment.

QuantumScape will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today, July 27, 2021. Participating on the call will be Jagdeep Singh, chief executive officer and co-founder, 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 developing next-generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727006000/en/

FAQ

What are QuantumScape's Q2 2021 financial results?

QuantumScape reported its financial results for Q2 2021, details can be found in the shareholder letter on their Investor Relations website.

What developments did QuantumScape announce in their recent press release?

QuantumScape announced progress on testing 10-layer cells and development of the QS-0 pre-pilot manufacturing line.

When is the QuantumScape conference call to discuss financial results?

The conference call is scheduled for 2:00 p.m. Pacific Time on July 27, 2021.

What is QuantumScape's mission regarding battery technology?

QuantumScape aims to revolutionize energy storage to enable a sustainable future through the development of solid-state lithium-metal batteries.