Top
image credit: Pixabay

VW invests extra $200M in QuantumScape

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.

VW said that plans for a pilot plant were expected to be firmed up in the course of this year.

Read More on Automotive News