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22 06 2018 02

Volkswagen has advanced to the largest shareholder of Stanford-spinoff Quantumscape as the German corporation invests 100 million dollars. Forming a new joint venture with the solid-state experts, VW hopes to secure their grip on the new battery technology first.

The transaction is still subject to approval but everything suggests that Volkswagen will indeed become the largest partner of QuantumScape, a startup for solid-state batteries that VW had been working with since 2012.

On increasing their share, 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.”

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