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What does this mean for QuantumScape which is backed by VW?

• jillesvangurp 4y ago
  If they stay on track to start ramping up production capacity from about 2-3 years from now, like they have been consistently saying they will, there will be plenty of demand for high energy density, fast charging batteries from VW and other manufacturers. Solid state batteries are going to be popular for expensive high performance vehicles. People think in either or terms when it comes to battery tech. The reality is that it's a market that is going to keep on doubling in volume every few years for the next few decades. There will be cheap and low density batteries and there will be more expensive high density batteries. The latter won't replace the former and there will be demand for both. VW will want to be cover the entire market in a decade or so ranging from cheap affordable light cars to expensive, long range luxury vehicles. They'll sell way more of the former than of the latter but make a lot of revenue with a relatively small amount of vehicles. Quantumscape is a great candidate for supplying batteries for those.