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Technology Stocks : QuantumScape Corporation
QS 12.71-3.6%Aug 16 4:00 PM EDT

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From: Carkey3/15/2021 11:58:20 PM
   of 25
From Reuters article - 'Volkswagen takes aim at Tesla with own European gigafactories.'

Volkswagen takes aim at Tesla with own European gigafactories | Reuters

Most of this article shows the show the quickly changing EV landscape. I am not proposing that Volkswagen's strategy is going to dominate. But is does demonstrate what one of QS's investors is doing to insure they are a winner in the EV market place

Volkswagen growth strategy

· First 40 GWh would come from Sweden’s Northvolt, with production starting in 2023.

· Then will raise its 20% stake in Northvolt and also take over the Swedish firm’s stake in a planned battery cell venture in the German city of Salzgitter, which will form the second factory from 2025.

· Followed by a factory in Spain, France or Portugal in 2026

· Then additions somewhere in Poland, Slovakia or the Czech Republic by 2027

· Finally, two more plants will be set up by 2030.

Fast-charging points:

· Partnerships with oil major BP as well as top European utilities Enel and Iberdrola, Volkswagen aims to operate about 18,000 public fast-charging points in Europe by 2025.

· In North America, Volkswagen targets 3,500 fast-charging points by the end of 2021 via its Electrify America unit,

· while in China, the world’s largest car market, the group aims for 17,000 by 2025.

About battery tech:

Shifting to design, Volkswagen unveiled plans to have a new unified prismatic battery cell from 2023, which will support cost cuts generated by the higher level of in-house cell production and could impact its current suppliers.

· Electric vehicle makers, including Tesla, are using cylindrical battery cells, which resemble flashlight batteries and are relatively inexpensive and easy to manufacture.

· Prismatic cells, which resemble a thin hardcover book, are housed in a rectangular metal case and are more expensive.

· Pouch cells, another alternative, are thinner and lighter, and resemble a flexible metal mailing envelope.

Someone needs to check me on this but I believe QS’s development centers around ‘Pouch Cells’
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