Skip to content
06/21/18
Wolfsburg
Volkswagen Group News

Volkswagen partners with QuantumScape to secure access to solid-state battery technology

  • Objective of new joint venture with QuantumScape is the commercialization of innovative solid-state battery technology
  • Volkswagen is the largest automotive shareholder in Stanford spin-off QuantumScape Corporation
  • Volkswagen Group will take a seat on the board of QuantumScape

By increasing its stake in the California technology company QuantumScape Corporation and forming a new joint venture, Volkswagen Group is paving the way for the next level of battery power for long-range e-mobility. Dr. Axel Heinrich, Head of VW Group Research, who will take a seat on the board of directors of QuantumScape, says: “We want to accelerate the commercialization of QuantumScape’s solid-state batteries. And we combine forces to leverage Volkswagen’s experience as a production specialist and QuantumScape technology leadership. Volkswagen is thus taking another step toward a sustainable, zero emission mobility for our customers in the future.” Volkswagen will invest 100m USD in US-based QuantumScape and will become the innovative enterprise’s largest automotive shareholder. Closing of the transaction is subject to regulatory approval.

Your media contacts

Dr. Marc Langendorf
Director Corporate Communications
Tel. +49 (0) 5361 / 9-34474
Jens Bobsien
Spokesperson Innovation & Digitalization
Tel. +49 (0) 5361 / 9-32529