QuantumScape Stock Surges 30% in 2025 Following Major EV Battery Licensing Deal with Volkswagen PowerCo
QuantumScape Corporation's shares soared after securing a pivotal licensing agreement with Volkswagen's PowerCo, enabling large-scale production of next-gen EV batteries and marking a significant milestone in battery innovation.
Highlights
- QuantumScape inked a strategic licensing agreement permitting Volkswagen’s PowerCo to mass-produce electric vehicle batteries using its groundbreaking solid-state technology.
- PowerCo is authorized to manufacture up to 40 gigawatt-hours (GWh) of batteries annually, with an option to scale production to 80 GWh, sufficient to power approximately 1 million EVs each year.
- Following the announcement, QuantumScape shares surged nearly 30% during intraday trading, reflecting strong investor confidence.
QuantumScape Corporation (QS) experienced a significant intraday stock boost on Thursday after finalizing a licensing deal with Volkswagen Group’s battery subsidiary, PowerCo. This partnership grants PowerCo a non-exclusive license to utilize QuantumScape’s advanced solid-state battery technology to ramp up production capacity.
Under the agreement, Volkswagen’s PowerCo will initially produce up to 40 GWh of EV batteries annually, with an option to double output to 80 GWh, enabling mass-market adoption of QuantumScape's innovative energy storage solutions.
Accelerating the Future of EV Battery Technology
Dr. Siva Sivaram, QuantumScape’s CEO, emphasized the strategic nature of this collaboration: “By merging our cutting-edge battery technology with PowerCo’s manufacturing expertise, we are pioneering a capital-efficient business model that positions us at the forefront of energy storage innovation. Partnering with PowerCo as our inaugural customer accelerates the commercialization and widespread adoption of these transformative batteries.”
As of 12:30 p.m. ET on Thursday, QuantumScape’s stock reached $7.01, marking an approximate 30% rise, while remaining steady year-to-date.
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