VW invests extra $200M in QuantumScape

TS

By:

THOMAS SEYTHAL

R

By:

Reuters

|

June 16, 2020 10:53 AM

BERLIN -- Volkswagen Group is increasing its stake in American battery company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the automaker said in a statement on Tuesday.

Featured Stories

Audi Q5, targeted by Trump’s tariffs, sees prices increase by thousands with redesign

Audi Q5, targeted by Trump’s tariffs, sees prices increase by thousands with redesign

Can Xterra’s return help save Nissan again?

Can Xterra’s return help save Nissan again?

VinFast to close company stores in California, rely entirely on dealers in U.S.

VinFast to close company stores in California, rely entirely on dealers in U.S.

With eye on China, U.S. Department of Transportation kicks off autonomous-driving push

With eye on China, U.S. Department of Transportation kicks off autonomous-driving push

Latest News

China’s Chery eyes share of Europe’s premium market with launch of Exlantix brand

Inside the unorthodox marketing plans for Slate, a Jeff Bezos-backed EV

Slate Auto shows bare-bones, 2-door EV pickup that converts into 5-seat crossover

Sonic Automotive Q1 net income up on cyber insurance payout, but 2025 guidance adjusted for tariffs

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Daily 5 report for April 23: China’s inescapable influence on the auto industry live from Shanghai

U.S. will aim for U.K. to cut its automotive tariff to 2.5% from 10%, report says

Peugeot 208 set to take March sales crown from Dacia Sandero; Tesla slump continues

Canada should recognize EU, Korean, Japanese vehicle safety standards amid tariff turmoil, CADA says

Staying current is easy with newsletters delivered straight to your inbox.