IT HAPPENED. Elon Musk Announces New Battery to Take Down VW.

ADAM TECH
ADAM TECH
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Published 2024-07-22
IT HAPPENED. Elon Musk Announces New Battery to Take Down VW.
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IT HAPPENED. Elon Musk Announces New Battery to Take Down VW.
Volkswagen planning a massive battery factory for solid state batteries which could potentially give their cars up to 1,000 miles of range
This move by VW continues to showcase the unprecedented pace of development in battery technology. In today’s video, we will discuss this new development, its impact on the battery industry, and how Tesla and other companies can compete with it. Without further ado, let’s delve right into it.
IT HAPPENED. Elon Musk Announces New Battery to Take Down VW.
Everything you need to know about Volkwagen’s technology.
Here are the details: According to an official post on Volkswagen Group's website, PowerCo, VW's battery subsidiary, has announced a landmark agreement with QuantumScape to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology. Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass-produce battery cells based on QuantumScape’s technology platform. Under the non-exclusive license, PowerCo can manufacture up to 40 gigawatt-hours per year using QuantumScape’s technology, with the option to expand to 80 gigawatt-hours—enough to outfit approximately one million vehicles per year. The companies believe this high-touch engagement represents the fastest way to achieve gigawatt-hour-scale production of solid-state technology to meet the growing global demand for better electric vehicle batteries. This agreement supersedes an earlier joint venture between the Volkswagen Group and QuantumScape to co-manufacture batteries.
IT HAPPENED. Elon Musk Announces New Battery to Take Down VW.
“We want to redefine the future of battery technology, bringing the most sustainable and cutting-edge battery cells to our customers,” said Frank Blome, CEO of PowerCo. “We have been collaborating and testing QuantumScape prototype cells for years now and we are looking forward to bringing this technology of the future into series production.”
“Electric vehicles are the future of mobility, and this agreement with QuantumScape will ensure the Volkswagen Group’s global fleet has access to this groundbreaking battery technology for years to come,” added Thomas Schmall, Volkswagen Group Board Member for Technology. “We are committed to driving the industry forward to ensure that our electric vehicles set the benchmark for excellence and sustainability.”
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