Quantum Scape (QS): Future Prospects and Stock Price Outlook

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Introduction.

Quantum Scapes (QS) is a US-based battery technology start-up company.

All solid-state battery technology, especially for next-generation electric vehicles (EVs)The company has attracted worldwide attention for its innovative technology that simultaneously achieves high energy density, fast charging, and long life, which were considered difficult to achieve with conventional lithium-ion batteries.

The buzz around this company is due to the rapid growth of the EV market as well as expectations for breakthroughs that will push the limits of current battery technology. The all solid-state batteries being developed by Quantum Scapes are compared to conventional lithium-ion batteries.Approximately twice the energy densitywith,Fast charging of 80% in 15 minutesis possible, and moreoverMaintains capacity of 95% or higher after 500,000 kilometersThe product has achieved an astonishing durability of up to 10,000 hours.

Even more noteworthy is the company's long-term partnership with Volkswagen, a giant in the automotive industry; VW has been investing in the company since 2012 and is now its largest shareholder, with full-scale collaboration set to begin with commercialization in 2024.

Here you will learn more about Quantum Scapes' (QS) business, the details of its innovative all-solid-state battery technology, what differentiates it from the competition, its growth potential in the market, its financial position, and even its future prospects.

What is Quantum Scapes (QS) and what kind of business does it do?

Quantum Scapes (QS) is a leading provider of electric vehicle (EV)American start-up company specializing in the development of all solid-state lithium metal battery technology.The first is.

The company is...Founded at Stanford University on May 14, 2010The founders are Fritz Prinz, former professor of materials science and engineering at Stanford University, entrepreneur Jagdeep Singh, and engineer Tim Holme.

With a clear mission to "innovate energy storage technology and realize a sustainable future," the company has been engaged in research and development of next-generation battery technology for more than 15 years.

The Quantum Scape.The core business is the development of all solid-state lithium metal batteries with an anode (negative electrode) free design utilizing proprietary all solid-state ceramic separation membranes.The first is.

It adopts a technological approach that is fundamentally different from conventional lithium-ion batteries,High energy density, fast charging, long life, high safetyThe goal is to achieve these four elements simultaneously.

The company's technology is focused primarily on EV applications, but futureStationary energy storage systems and consumer electronicsThe company is also looking at applications to

The company is...Business model centered on technology licensingThe company's strategy is to shift from the conventional in-house manufacturing route to a more rapid market development by providing technology to partner companies.

Our main customers arePowerCo of the Volkswagen Groupand other major automakers, and has signed a license agreement to produce 40 GWh per year (equivalent to about 1 million EVs) in July 2024.

Quantum Scapes (QS) company information is below.

• Company Name:QuantumScape Corporation
• Year EstablishedMay 14, 2010
• Head Office LocationSan Jose, California
• representative: Dr. Siva Sivaram (CEO and President) / Jagdeep Singh (Chairman)
• Official Site:https://www.quantumscape.com
• Main BusinessesDevelopment and licensing of all solid-state lithium metal battery technology, and provision of next-generation battery technology for EVs

What is an all solid-state battery? What is the difference from lithium-ion batteries?

What is an all-solid-state battery?

An all solid-state battery is a battery that is not a conventional lithium-ion battery, but rather an all-solid-state battery that is aliquid electrolyteindicates object of desire, like, hate, etc.solid electrolyteThis is a next-generation battery technology in which the electrolyte is replaced by a solid electrolyte. The electrolyte is the key material responsible for moving ions inside the battery, and many technical and safety advantages are expected by making this part of the battery solid.

All-solid-state batteries have the following characteristics

• High energy density(Extended cruising range is possible)
• Significant reduction of ignition risk(Not flammable like liquid electrolytes)
• Fast Charging(Stable ion transfer by solid electrolyte)
• long service life(because there is no degradation of the electrolyte)

Main differences from lithium-ion batteries

All-solid-state batteries are theoretically upwardly compatible with lithium-ion batteries,Mass production, long-term stability, and cost barriersThe reality is that commercialization has not yet been achieved due to the need to overcome the

Reference:Murata Mfg.

What are Quantum Scapes' (QS) main products?

Quantum Scapes' (QS) main products are as follows. The company possesses the world's most advanced all-solid-state battery technology, achieving performance characteristics previously considered impossible with conventional lithium-ion batteries.

QSE-5 All solid-state lithium metal battery

Commercial Products for Next Generation EVs

QSE-5 is,First product to be commercialized to be developed by Quantum Scapesand is in the preparation stage for full-scale mass production starting in 2024.

• Energy density: 800-1,000 Wh/L(Improved by approx. 40% compared with conventional products)
• Fast charging: 10% to 80% in less than 15 minutes
• Long life: Retains capacity of 95% or more after 1,000 charge cycles
• Operating temperature range: stable operation from -30°C to high temperatures

Innovation through anode-free design

The most important feature of the QSE-5 is,Industry's first anode-free designin the

• Structure without anodes during manufacturingSignificant reduction in material costs with
• Forms anodes in-situ on initial chargeUnique technology to
• Completely eliminates graphite and silicon materials
• Simpler manufacturing processImproved mass production through

Proprietary ceramic separation membrane technology

High Performance Solid Electrolytes

The core of Quantum Scape's technological superiority is,Proprietary ceramic separation membraneThe first is.

• Complete prevention of lithium dendrite formation
• High ionic conductivityHigh-speed charging is realized by
• Non-flammable, non-toxicSignificantly improved safety with
• Stable performance from -30°C to high temperaturesdemonstrate

Manufacturing Process Innovation

The company's solid electrolyte manufacturing technology differs from conventional vacuum deposition methodsUnique wet processThe company has adopted the

• Homogeneous thin film formation over large areasis possible
• Significant reduction in manufacturing costsRealization of
• Mass Production ScalabilityExcellent manufacturing methods for
• Quality Stabilityand production efficiency

What is Quantum Scapes' (QS) business model?

Quantum Scapes' (QS) business model is,Earn revenue through long-term technological collaboration with partners, centered on the licensing of proprietary all-solid-state battery technologyThe company's strategic shift in 2024 is causing a major reorientation from its traditional in-house manufacturing path to a model centered on technology licensing.

Technology licensing revenue

Licensing agreements for all-solid-state battery technology as the most important revenue sourceThere is a

• The main customers are Volkswagen's PowerCo.Leading automakers and battery manufacturers
• Multi-year, long-term license agreementsSecure stable royalty income with
• Prepaid royaltiesandOngoing royalties after the start of mass productionCombination of
• Under the July 2024 contract with PowerCo.Production license for 40 GWh per year (enough for about 1 million cars)Start from

R&D and technical consulting revenue

Accompanying technology license,Professional technical support servicesThe company provides the following services

• Clients are primarilyAutomobile manufacturers and battery-related companies
• Technical consulting contracts on a project-by-project basis
• Technology transfer, manufacturing process optimization, quality control supportComprehensive offerings such as
• U.S. Department of Energy (DOE), etc.Commissioned research and development from government agenciesinclude

Prototype Supply Revenue

In the pre-commercialization phase,Limited prototype battery supplyThe company also earns revenues from

• The main customers areResearch and development department of an automobile manufacturer
• Sold in prototype unitsand at a relatively high unit price.
• Batteries for technical verification of Alpha-2 prototypes, etc.Provision of
• Support performance evaluation and technical validation by customers

Future Revenue Diversification Strategy

Due to the success of the technology licensing model,Building multiple revenue streamsThe company aims to

• Licenses for different applications(Consumer equipment other than EVs, stationary energy storage systems)
• Patent licensing incomeExpansion of
• Sales of manufacturing equipment and technology
• Technical staffing and training services

With this business model, the company aims to maximize the intellectual property value of its technology and achieve scalable growth while avoiding large manufacturing capital investments.

How would you summarize the features of the all solid-state batteries developed by Quantum Scapes?

The greatest feature is that "Anodeless structureThe "A" is a "B". It does not have an anode (negative electrode) at the time of manufacture, and when chargedLithium metal is self-formed on the separatorThis is a revolutionary method.

Advantages

• Simplification of the manufacturing process
• Significant increase in energy density (potential of up to >400 Wh/kg)
• Reduction of cost and weight of anode materials

(2) Proprietary solid electrolyte (ceramic-based)

Solid electrolytes made of QS's proprietary ceramic materials are used instead of conventional sulfide and oxide materials. As a result, the following performance is realized:

• Stable operation from room temperature to high temperature
• High ionic conductivity and excellent dendrite resistance
• Cycle durability (capacity retention >80% even after more than 1000 full charge/discharge cycles)

(3) High rapid charging performance

According to Quantum Scapes test data,Can charge up to 80% within 15 minutesThe performance of the EVs has been shown to be excellent, and they have the potential to overcome the major issue of "waiting time for charging" in the EV market.

(4) Expanded design of multilayer cells

From single layer cells to 4 layers to 10 layers to 24 layers,Scalable structural expansion for mass productionThe company aims to Currently24-layer prototype performance evaluation phaseThe company is now in the process of entering the market and is advancing its milestones toward commercialization one step at a time.

5) High energy density

The company's cells are compared to conventional lithium-ion batteries.Energy density up to 70% or higherIt is expected to significantly increase the cruising range of EVs.

6) Safety

All-solid-state batteries have a lower risk of short circuits and ignition than lithium-ion batteries, which use liquid electrolytes.
Quantum Scape's batteries further reduce these risks by using solid electrolytes (separators) made of nonflammable, heat-resistant ceramics.

• Highly secure against impact and physical damage
• By not using flammable liquid electrolytes,Extremely low risk of thermal runaway
• Easy to function stably even in high temperature environments

Source:QuamtumScape

Thus, Quantum Scape's all solid-state batteries are,High energy density x fast charging x high safetyIt has a major differentiating factor in the market in that it simultaneously pursues

What is the trading market?

Quantum Scape (QS) is,Listed on the New York Stock Exchange (NYSE)and the ticker symbol is "QSIn the "In.

The company went public in November 2020 through a merger with Kensington Capital Acquisition, a special purpose acquisition company (SPAC).As the world's largest stock exchange, the NYSE is a marketplace for many innovative technology growth companies, and the next generation of Quantum Scape-like It provides an appropriate funding venue for next-generation technology companies such as QuantumScape.

What are the sectors, industries, and themes to which Quantum Scapes (QS) belong?

Quantum Scapes (QS) are categorized into the following sectors, industries, and investment themes based on their business and market positioning.

sector

Quantum Scapes are,Consumer Cyclical SectorThe company belongs to the The automotive industry is sensitive to consumer economic conditions and business cycles, and the company's all-solid-state battery technology is also classified in this sector due to its characteristics of fluctuating demand along with the growth of the EV market.

type of industry

The company is...Auto Parts IndustryThe company is classified as a Quantum Scape's all solid-state batteries are an important component of EVs, and the company is positioned as an automotive component company in the broad sense of the term, as it licenses its technology and supplies parts to automakers.

Themes belonging to

Quantum Scapes are closely tied to several growth themes and are highly sought after for investment.

• Electric Vehicle (EV) ThemeLeader in the development of next-generation battery technology, which is the key to EV proliferation
• Clean Energy ThemesProviding sustainable energy storage solutions
• ESG Investment ThemesDevelopment of innovative technologies that contribute to the reduction of environmental impact
• Technology Innovation ThemePursuing the Leading Edge in Materials Science and Energy Technology
• Greentech Investment: Critical technological infrastructure for realizing a decarbonized society

These themes are interrelated and represent both the social value of the company's technology and investment opportunities. In particular, investor interest in these themes continues to grow as countries around the world pursue decarbonization policies and promote EV adoption.

Quantum Scapes (QS) Dividends

Quantum Scape (QS) is now,Dividends not paidThe following is a list of the most common problems with the "C" in the "C" column.

The company is a technology development start-up company that has been in business for about 15 years, and is currently in the stage of concentrating on R&D and preparation for commercialization of all solid-state battery technology. For this reason, it does not return profits to shareholders as dividends,Reinvestment in technology development and business expansionpriority.

It is common for technology start-ups to consider a dividend policy after achieving commercialization and establishing a stable revenue base.After successful commercialization after 2027The possibility of implementing dividends to the

Who are the competitors of Quantum Scapes (QS)?

Quantum Scapes (QS) is in fierce competition with several strong competitors in the development of all-solid-state battery technology.

Major Competitors

Toyota Motor Corporation (Japan)

All-solid-state battery development promoted by one of the world's largest automakersIt is the leading candidate for the

• Commercialization planned for 2027-2028.and aims to be one of the earliest in the industry to be put into practical use.
• Partners.Cooperation with Idemitsu KosanEstablished mass production technology for solid electrolytes
• Cruising range of over 1,000 km and fast recharging in less than 10 minutesPlans to realize
• UniqueFlexible Solid Electrolyte TechnologySolving cracking problems with

Solid Power (USA)

Leading Startups Receive Support from Ford and BMWand is in most direct competition with Quantum Scapes.

• Combination of silicon anode and NMC cathodeDifferentiation by
• Sulfide solid electrolytesand use materials abundant in the earth.
• Cost advantage of 15-351 TP3T at pack levelinsisting on
• Commercialization in the late 2030sThe goal is to

Samsung SDI (Korea)

Major battery manufacturer in South KoreaThe company is developing its own all-solid-state battery technology as a

• Mass production scheduled to start in 2027Aiming to launch in the market ahead of the competition with
• Pilot production line at Suwon R&D Centeralready constructed
• Silver carbon (Ag-C) anode technologySolving the dendrite problem with
• 800 km range and more than 1,000 charge/discharge cyclesRealization of

ProLogium Technology (Taiwan)

World's first all-solid-state battery gigafactorya Taiwanese company that operates a

• Start supplying automobile manufacturers from 2024Establish a first-mover advantage in
• Continuous Wet Coating TechnologyImproved manufacturing efficiency by 2.6 times with
• Lithium Ceramic Battery TechnologySpecialized in
• Production capacity for 26,000 vehicles per yearto be established by 2027.

Blue Solutions (France)

Already in commercial production of all solid-state batteriesIt occupies a unique position as the only company

• Polymer-based all solid-state batteries for EVs and busesalready on sale.
• Next-generation battery plant in Brittanyunder construction with a 2030 operation schedule.
• Partnership with FoxconnAlso promoting expansion into the motorcycle market with
• Gen4 TechnologyDevelopment of next-generation solid-state batteries is underway by

Competitive Trends in Asia

Chinese Company

WeLion (Eran New Energy) and NIO PartnershipThe ES6 SUV with a 577-mile range is scheduled to be launched in late 2024 by However, some have pointed out that it is not a true all-solid-state battery because it uses a silicon graphite composite anode.

Korea Group of Companies

LG Energy Solution, SK Innovationand others are also actively involved in the development of all-solid-state batteries, and are aiming to establish next-generation battery technology with the support of the Korean government.

Competitive differentiators

The Quantum Scape.Anode-free design and unique ceramic separation membraneis a fundamentally different approach from its competitors and is a key element in its retention of technological superiority.

What is the size and growth potential of the industry to which Quantum Scapes (QS) belongs?

The all solid-state battery market to which Quantum Scapes (QS) belongs,Emerging markets expected to grow rapidly as next-generation energy storage technologyThe first is.

Current and projected market size

Market size in 2024

The global market size of all-solid-state batteries isApproximately $110 million as of 2024and is still in the early stages of commercialization.

• Asia Pacific has the largest share of 561 TP3Tand is a center of technological development.
• North America is the next major marketRapidly expanding with government support and private investment as
• Europe has environmental regulationsDriven by demand for sustainable mobility against a backdrop of

Future Growth Projections

Market research firms predict that,Significant market expansion between 2030 and 2032The company expects to see a

• Approximately $700 million to $1.4 billion by 2032Projected to grow to
• An astounding compound annual growth rate (CAGR) of 30-421 TP3T
• Over $122 billion in 2037Potential to develop into a huge market for

Market Composition by Application

Electric Vehicle (EV) Segment

Largest application accounting for 63% of the totalas a major driver of market growth.

• Highest growth rate of 31.491 TP3TPrediction of expansion in
• Automakers.Extended cruising range and shorter charging timeDriven by demand for
• Commercialization in full swing from 2027 to 2030Expected to spread rapidly due to

Consumer Electronics Segment

Currently the largest shareHowever, the relative weight is expected to decline due to the growth of the EV market.

• Smartphones, wearable devicesDemand for small high-performance batteries for
• Safety and Energy DensityPromotes replacement of conventional batteries by improving
• Asia-Pacific regionConsumer demand is particularly strong in

Market Trends by Region

Asia-Pacific region

Largest region with 43.81 TP3T of the total marketThe company is leading technology development and mass production as a

• Toyota in Japan, Samsung SDI in Koreaand others lead technology development
• Chinese government's $830 million investment planPromoting national technological development through
• World's First Gigafactory by ProLogium, Taiwanbegan commercial production.

North America

Share of 34%As the second largest market with government support and private investment, the

• Biden Administration's Inflation Reduction ActProvides tax incentives through
• QuantumScape, Solid PowerInnovative startups such as the following drive technological development
• VW, Ford, BMWContinued huge investments by major auto companies such as

Investment Trends and Government Support

private investment

Billions of dollars in 2024 alone.investments are flowing into the all-solid-state battery sector.

• Volkswagen's $300 Million Investment in QuantumScape
• Toyota's $13.5 billion battery technology investment plan through 2030
• China CATL, BYDTechnology development investments by major battery manufacturers such as

government support measures

Governments Strategic TechnologyThe company has positioned itself as a "one-stop shop" and is actively developing support measures.

• U.S. Department of Energy Contract Research and Development Program
• Part of the EU Green DealClean technology promotion policy with
• Japanese Government's Carbon Neutral PolicyTechnical development support by

In this rapidly growing market, Quantum ScapesTechnological Advantages and Strategic PartnershipsThe company aims to establish an important market position by

What is the nature and progress of the partnership with Volkswagen?

The partnership between Quantum Scapes and Volkswagen Group is,12-year strategic partnership launched in 2012The two companies have established a deep relationship that is unparalleled in the industry as a long-term collaboration for technological development that goes beyond a mere investment relationship.

Investment and capital contribution

The Volkswagen GroupQuantum Scape's largest shareholderThe company provides ongoing funding as a

Since the initial investment in 2012, the VW Group has expanded its investment in stages,Implemented investments totaling hundreds of millions of dollarsThe company has been working on a number of projects. In particular, the company is strongly supporting the acceleration of the company's commercialization with an additional investment of $200 million upon SPAC's listing in 2020.

This investment relationship is more than just financial support,Joint formulation of technology development roadmap and collaborative design of mass production processIt allows for deep collaboration at the strategic decision-making level, such as

Details of the license agreement with PowerCo

Groundbreaking license agreement signed in July 2024.has pushed the relationship between the two companies to a new stage.

PowerCo, the battery subsidiary of the VW Group, has been working on Quantum Scape's all-solid-state battery technology.non-exclusive manufacturing licenseand obtain theStarting at 40 GWh per year (equivalent to about 1 million EVs), scalable up to 80 GWhThe company has secured a production capacity of approximately 1.5 million tons per year.

The terms of the contract includeCombination of prepaid and recurring royaltiesincludes the following, which provide a stable revenue base for Quantum Scapes. In addition, technology transfer, manufacturing process optimization, and quality control supportComprehensive technical support servicesalso included.

Progress of Technology Verification and Joint Development

Independent verification by PowerCo objectively proves the technology's utilityThe company has been

In January 2024, PowerCo will be installing an A-sample prototype of the Quantum Scape in the battery laboratory at the Salzgitter plant in Germany.Capacity retention of 95% or better after 1,000 charge cyclesThe company has officially announced that it has achieved This result far exceeds the industry standard requirement of 700 cycles and 801 TP3T capacity retention.

In the first quarter of 2025,Full-scale shipment of QSE-5 sample batterieshas begun, and a joint team with PowerCo engineers is conducting integration testing at the module and system level. Design validation and calibration of the battery management system is also underway in parallel.

Cooperative system for mass production

2025 is the year of full-scale introduction of the Cobra Membrane Separation ProcessThe joint engineering team with PowerCo is working to improve the level of automation of mass production facilities.

PowerCo's executive team, including CEO Frank Broome, regularly visits Quantum Scapes' San Jose plant,Direct supervision of the progress of the industrialization processThe company is also working on the development of new products. Through this close collaboration, a consistent support system has been established from technology transfer to large-scale production.

Field testing to begin in 2026, with commercialization to be realized in 2027,Integrated development approach by engineering teams from both companiesThe company has adopted the

What are the technical challenges and development risks?

While Quantum Scape's all-solid-state battery technology has achieved breakthrough performance,Some key technical challenges and risk factors for commercializationare present.

Manufacturing Scalability Challenges

The most important challenge is to extend laboratory-level technology to an industrial scaleThe first is.

While maintaining the current 24-layer cell structure,Homogeneous production of large area ceramic separation membranesIt is technically extremely difficult to achieve stable The slightest manufacturing variation has a significant impact on battery performance,Improvement of yield rate and establishment of quality controlis an important issue.

In particular, because the anode-free design forms a lithium metal anode during initial charging,Control technology for this formation processAlthough improvements have been made in collaboration with PowerCo, further technological innovation is needed to achieve stable production at the gigawatt-hour scale.

Realization of cost competitiveness

All-Solid-State Battery TechnologyReduces manufacturing costs to a level competitive with conventional lithium-ion batteriesIt is a great challenge to do so.

The production of ceramic separation membranes requires high-temperature processes and precise control,Capital investment and operating costs are significantly higher than conventional batteriesThe Cobra process is improving efficiency,Sufficient cost competitiveness at the time of commercialization in 2027It is unclear whether this can be done.

Also in raw material procurement,Stable supply and price stability of high-purity ceramic materialsis an issue. Although improvement is expected through the alliance with Murata Manufacturing, it will take time to establish a global supply network.

Optimization of technical specifications

Ensure long-term reliability in actual EV use environmentis an ongoing technical challenge.

Although 1,000 cycle tests in the lab have shown excellent results,Vibration, temperature changes, and charging pattern diversity in actual vehicle environmentsThe verification of durability against is not sufficient. In particular,Low temperature characteristics at -30°C and safety in high temperature environmentsFurther accumulation of verification data is needed for the

In addition, the current 15-minute fast charge performance isAchieved while maintaining compatibility with various charging infrastructuresThe technical issue remains to be solved.

Rapid advances in competing technologies

Advances in all-solid-state battery technology and next-generation lithium-ion batteries from other companiesThere is a risk that Quantum Scape's technological superiority could be threatened by the

Toyota's plan for commercialization in 2027, Samsung SDI's plan to start mass production in 2027, etc,Competitors are also aggressively developing new products, and there is a risk of being ahead of competitors in terms of time-to-market.exist. Conventional lithium-ion batteries alsoIncreased energy density and improved fast-charging technologycontinues, and the absolute superiority of all-solid-state batteries may diminish.

Regulatory and Certification Compliance

Rigorous safety certification process for the installation of the new all-solid-state battery technology in automobilesis necessary.

Current automotive safety standards are primarily based on lithium-ion batteries,Establishment of safety evaluation criteria specific to all-solid-state batteriesis required. Although the certification process is being carried out in cooperation with the regulatory authorities in each country,Unexpected regulatory requirements and certification delaysis at risk of affecting the commercialization schedule.

What is the outlook for the pilot line and mass production system?

What is the production system of Quantum Scapes?Step-by-step scale-up approachThe company has steadily developed from technology verification to commercial production through

Current production capacity of the San Jose plant

Pilot plant in San Jose, CaliforniaThe Cobra process will be fully operational at the end of 2024 and is currentlyHigh volume production of QSE-5 B1 samplesphase.

Compared to the traditional Raptor process, CobraApproximately 25 times faster thermal processing speedandSignificant equipment footprint reductionThe company has achieved a The current production capacity isThousands of cells per yearbut by the end of 2025Introduction of further automation equipmentThe company plans to gradually expand its production volume by

By a joint engineering team with PowerCo,Increased level of equipment automation and improved quality of QSE-5 samplesare being made on an ongoing basis. These improvements are expected to result in a late 2025Full-scale shipment of B1 samplesThe company expects that it will be able to

Mass Production Strategy with Licensing Model

Quantum Scapes areMass production through technology licensing, avoiding the construction of a large-scale manufacturing plant in-houseis selected.

By this strategy,Avoid huge capital investment riskthrough multiple partners whileRapid expansion into global marketsThe contract with PowerCo starts at 40 GWh per year and can be extended up to 80 GWh per year,Commercial production starts in 2027is scheduled to be

PowerCo isThree battery plants under construction in Germany, Spain, and CanadaThe company is currently building a system with a total production capacity of 200 GWh/year at These plants willStart of production in 2026-2027is planned, and Quantum Scape technology is planned to be introduced in phases.

Technology Transfer and Supply Chain Development

Manufacturing technology transfer processhas already begun, with a team of PowerCo engineers stationed at the San Jose plant,Mastery of the actual manufacturing processThe company is moving forward with

What about the material supply system?Strategic alliance with Murata Manufacturing Co.The company aims to establish mass production technology for ceramic separation membranes by Murata Manufacturing Co.Global manufacturing capabilities and decades of advanced ceramic manufacturing experienceBy utilizing theQuality stability and production scalabilityThe company is working to simultaneously realize the following

And for other important components,Technical partner network with equipment vendors, material suppliers, and contract manufacturers worldwideThe construction of the

2026 field test and 2027 commercialization

Start of field testing in 2026.is an important milestone for Quantum Scapes.

With VolkswagenLow Volume High Visibility ProjectThe project will be implemented as aFinal confirmation of the practicality of the technology through real-world vehicle demonstrationsThe project will be developed in multiple phases. The project will be developed in multiple phases,Successful field test in 2026.This would clear the way for full-scale commercialization in 2027.

Commercialization realized in 2027requires further improvement of the manufacturing yield rate, achievement of cost reduction, and establishment of a quality control system. Considering the current pace of technological development and progress in manufacturing improvements,Achieving these goals is realistic enoughand is rated

Under a mass production license agreement with PowerCo,Production capacity of 40 GWh (for approximately 1 million vehicles) in the first yearThe plan is to start with the first product, and expand in stages according to market demand.

What are the differentiating factors and advantages of Quantum Scapes (QS) over the competition?

Quantum Scape (QS) is,Unique anode-free design technology and strategic partnerships establish overwhelming technological superiority in the all-solid-state battery marketThe company's competitive advantage goes beyond mere performance improvement. The company's competitive advantage lies not only in its improved performance, but also in the fact that it has created barriers to entry that competitors cannot easily imitate.

technological superiority

The biggest differentiator of Quantum Scapes is,World's first anode-free designThis is a fundamental innovation by the

Conventional all solid-state batteries require anode materials such as graphite or silicon during manufacturing, but the company's technologyLithium metal anodes formed in-situ on initial chargeThe company has adopted a revolutionary method of By this,Significantly reduced material costsand at the same timeHigher energy densityThe company has achieved a

This technology isMore than 15 years of accumulated research and developmentThe company has been created by the "Mere Old Man" and it is extremely difficult for competitors to follow suit in a short period of time. In particular,Proprietary ceramic separation membrane technologyhas the ability to completely prevent the formation of lithium dendrites, and is far ahead of its competitors in terms of both safety and durability.

Strategic Alliances and Partnerships

12-year strategic partnership with the Volkswagen Groupforms a strong competitive advantage that other companies cannot easily build.

VW is not just an investor,Deeply committed to the company's technology development as its largest shareholderThe company has been working with PowerCo for more than 20 years, and a mass production license agreement with PowerCo in 2024 has confirmed a large-scale commercialization of 40 GWh per year (enough for approximately 1 million vehicles). This close collaborative relationship with a major automaker provides consistent support from technology verification to mass production, an advantage that is difficult for other start-ups to achieve.

Further,Concurrent evaluation process with multiple automakersThis enables the company to secure a wide range of market opportunities while avoiding the risk of dependence on specific customers.

Uniqueness of products and services

The company's all solid-state batteries are,Approximately 40% higher energy density than conventional lithium-ion batteriesand80% charge in 15 minutesThis is the outstanding performance of the company's products.

Importantly, the performance of theseMaintains capacity of 95% or higher after 1,000 charge cyclesThis performance level has not been simultaneously achieved by other all-solid-state battery technologies. This performance level has not been achieved simultaneously by other all-solid-state battery technologies,Clear differentiation in terms of practicality in EV applicationsThe company has achieved a

Particularly,Stable operation from -30°C to high temperatureThe wide operating temperature range of the new product, which has a temperature range of -40°C to +85°C, is a decisive advantage over the competition in automotive applications that require use in harsh environmental conditions.

Business Model Advantages

2024.Strategic shift to a technology licensing modelis an innovative approach that is distinct from the traditional manufacturing-type business model.

By this model,Avoiding the risk of large manufacturing facility investmentsWhile,Scalable revenue structureThe company is building a The partner company is in charge of manufacturing, while the company concentrates on providing technology and royalty income,Significantly improved capital efficiencyI am making them do it.

Further,Multi-year, long-term license agreementsThrough this strategy, the company is building a virtuous cycle that will ensure stable, ongoing earnings and allow for continued investment in technological development. Through this strategy,Rapid expansion into global markets without manufacturing capacity constraintsis now possible.

Intellectual Property and Patent Dominance

Patent portfolio of more than 200 patentsThe core of the anode-free design and solid electrolyte technology is comprehensively protected by the

These patents are not one-off technical elements,Systematic coverage of the entire manufacturing processThe patents on ceramic separation membranes are the most important of these, forming a barrier to entry that is difficult for competitors to circumvent in the development of their technologies. In particular, patents related to the material composition and manufacturing methods of ceramic separation membranes,Essential technical elements in the practical application of all-solid-state batteriesThe company has strong intellectual property protection by holding down the

Quantum Scape is also a renewable energy sector?

Quantum Scape is expected to be the next generation batteryCompany developing all solid-state batteriesas well as as,Leading innovator in the renewable energy sectorIt is also attracting attention as a

The company is led by Microsoft founder Bill GatesBreakthrough Energy Ventures (BEV)BEV is one of the portfolio companies supported by BEV, a fund that invests in innovative energy technologies to help create a decarbonized society, and in addition to Gates, its supporting members include global industrialists such as Amazon founder Jeff Bezos and SoftBank's Masayoshi Son.

Quantum Scapes is chosen by BEV because its battery technology isBecause it enables "highly efficient, safe, and low-carbon" energy supply, which is indispensable for the spread of electric vehicles (EVs).QS's all-solid-state batteries are the first of their kind in the EV industry. Especially in the EV industry, which is moving away from combustion engines, QS's all solid-state batteries areCore technology bridging renewable energy and mobilityIt is considered to be

BEV's support is not limited to mere funding, but also includes manufacturing scale-up, human resource support, and promotion of partnerships with major automakers.It also contributes significantly to the acceleration of the commercialization processThe Quantum Scape is a "scape. In other words, Quantum Scape is,A battery company, but also a leader in the renewable energy revolutionand this is one of the competitive advantages that sets it apart from other battery startups.

Quantum Scapes (QS) Performance

Quantum Scape's financial year ends on December 31.
As a publicly listed company, the company announces its financial results on a quarterly basis, with the general schedule as follows

• First Quarter ResultsLate April - early May
• Second Quarter Financial ResultsLate July - early August
• Third Quarter ResultsLate October - early November
• Fourth Quarter and Full Year ResultsLate February - early March

Quantum Scape's current share price

View the current real-time stock price chart (TradingView) for Quantum Scapes (QS).

The chart shows the Relative Strength Index (RSI). Reference as an indicator of market overheating.

*An overbought indicator when the RSI exceeds 70% to 80%, and conversely, an oversold indicator when the RSI falls below 20% to 30%.

What is the future outlook for Quantum Scapes (QS) and its stock price?

The future of Quantum Scapes (QS) is,Progress in Commercialization of Innovative All-Solid State Battery Technology and Rapidly Expanding EV MarketThe company's success will largely depend on the following factors. While the company's technological advantages and strategic partnerships provide the foundation for long-term growth, there are inherent risks inherent in technology start-ups.

Technology Development and Commercialization Schedule

The biggest growth driver for Quantum Scapes is,Milestones achieved from B Sample delivery in 2025 to start of commercialization in 2027The first is.

With the start of customer shipments of Alpha-2 prototypes in 2024, the company is moving from the technology validation phase to the full-scale commercialization readiness phase.VW's annual 40 GWh production license agreement with PowerCois evidence that the practicality of the technology has been recognized by major automakers and points the way to future large-scale deployment.

Shift to a Technology Licensing ModelThis allows the company to quickly expand into global markets through multiple partners while avoiding the risk of investing in manufacturing facilities. This strategy allows the company to expand its market share while maintaining capital efficiency.

However, full commercialization of all-solid-state battery technology remains a technical challenge.Manufacturing scalability, cost competitiveness, and quality stabilityAchieving all three elements simultaneously is the key to long-term success.

Market Environment and Competition

The all-solid-state battery market is projected to expand at an impressive CAGR of 30-421 TP3T through the 2030s, giving Quantum Scapes a first-mover advantage in this growing market.

Particularly,Rapid growth of the EV market and increasing demand for cruising range and charging timeprovides a market environment in which the company can take full advantage of its technological superiority. Demand for next-generation battery technology is certain to grow over the medium to long term due to the government's EV promotion policy and stricter environmental regulations.

On the other hand,Toyota, Samsung SDI, Solid PowerThe competitive environment is intensifying as competitors such as Quantum Scapes'Unique technology called anode-free designis a differentiating factor, but timing of market launch and performance/cost balance determine competitiveness.

risk factor

As a technology startup, Quantum Scapes isRisk of delayed commercialization, technical challenges, rapid advances in competing technologiesThe company is faced with such factors as

Particularly,Improvement of yield rate in mass production, reduction of manufacturing cost, and establishment of quality control systemis an important issue in the practical application of technology. Maintaining and expanding collaborative relationships with partner companies is also an important factor in business growth.

Analysts' average price target of $5.19 (-64.55% from current price) indicates a cautious assessment reflecting these risk factors. Short-term stock price volatility risk is high, and market reaction to delays in technology progress and commercialization timelines could be severe. However,Achieve technological breakthroughs and expand contracts with major partnersThe stock price has the potential for a significant rise if the Considering the future potential of all-solid-state battery technology and its market potential, this stock deserves attention from a long-term investment perspective.

Quantumscapes (QS) Q1 FY2025 Financial Summary

Date of announcement: 25/04/24

Sales and Revenues

• Annual Sales: N/A (commercial sales have not yet occurred)
• GAAP Net Income: (-$114,423,000) (-$120,648,000 in the same period of the previous year)
• Adjusted Net Income (Non-GAAP): Not disclosed
• Adjusted EBITDA: ($64,560,000) ($76,176,000 in the same period of the previous year)
• Other Indicators: Total comprehensive loss of -$114,751,000, loss per share of -$0.21

Operating Expenses and Profits

• GAAP operating expenses: 123,575,000 (R&D expenses: $95,589,000, general and administrative expenses: $27,986,000)
• Non-GAAP operating expenses: Not disclosed (but includes $40,639,000 in stock-based compensation)
• EBITDA loss (if any): See above
• Adjusted net loss: Not disclosed

Contracts and Orders (Bookings)

• Annual Orders Received: Not disclosed
• First quarter orders: Not disclosed (but there is an announcement of joint development with PowerCo and an alliance with Murata Manufacturing Co.)
• Number of contracted clients: Not disclosed
• Large customer composition:
  • Technology Development with PowerCo, a Volkswagen Company
  • Started collaboration with Murata Manufacturing Co. in the field of ceramics.

Cash and Financial Position

• Cash balances (year-end): 860.3 million (cash and cash equivalents and short-term investments combined)
• Movements such as borrowing and repayment: 10.07 million raised from equity issuance; $11.18 million from stock option exercise proceeds
• Free Cash Flow (FCF): Not disclosed (operating CF: -$60,749,000)

Technology and Business Highlights

• Product development and technological achievements:
  • Sample shipments of QSE-5 cells to begin, field testing planned for 2026
  • Started introduction of new "Cobra" separator process (expected to improve mass production)
• Partnerships and employment cases:
  • Mass production technology development underway in collaboration with PowerCo
  • Began strategic alliance with Murata Manufacturing Co., Ltd. for ceramic production
• Market position: Technology leader in the field of all solid-state lithium metal batteries, with plans for mass production application by PowerCo

2025 Guidance (or guidance for the following year)

• Sales Forecast: Commercial shipments and sales are not expected to be recorded (pilot phase continued)
• EBITDA Forecast: Assumed full-year adjusted EBITDA loss of $250-280 million
• Other Points of Interest:
  • Cobra process to be standardized by the end of 2025
  • Aiming to begin shipping QSE-5 B1 cells by the end of the year
  • Strategy document including development roadmap and global license deployment already published

While QuantumScape continues to have no commercial sales, it is taking solid steps toward commercialization with the accelerated introduction of mass production technology (Cobra process) and the start of sample shipments to customers. scalability. The company remains heavily in the red and cash-consuming, but is approaching a tipping point with a view to commercialization after 2026.

Which brokerage firms can I buy shares of Quantum Scape (QS)?

The following is a list of major brokerages that offer shares of JOBY Aviation (JOBY). At these brokerages, you can choose to invest as a CFD (Contract for Difference) as well as directly as a foreign stock.

I myself mainly use SBI Securities, but some stocks they handle may not be available for purchase. In such cases, I sometimes use CFDs at Saxo Bank Securities or IG Securities.

summary

We have taken a closer look at Quantum Scapes (QS), from its innovative all-solid-state battery technology to its business strategy, competitive landscape, and future prospects.

The company is,Industry's first anode-free designThe all-solid-state battery technology by Minebea's proprietary technology, "Minebea All-Solid-State Battery Technology," achieves performance far superior to that of conventional lithium-ion batteries, especially in EV applications.80% charge in 15 minutes, capacity retention over 95%This is an astonishing performance.12-year strategic partnership with Volkswagenand technology licensing model to expand into global markets while limiting risk is also highly commendable.

The all solid-state battery market is expected to grow at a rapid CAGR of 30-421 TP3T through the 2030s, and the company's technological superiority is likely to be truly demonstrated in the market as EVs become increasingly popular.

B Sample delivery in 2025 to start of commercialization in 2027A clear milestone that is "the most important milestone" will also be an important factor in the decision.

Personal,Pioneer of next-generation energy storage technologyAs such, we have high expectations for Quantum Scape's technological innovation capabilities and strategic business development. Although there is a risk of short-term stock price volatility, given the magnitude of the impact that the commercialization of all-solid-state battery technology will bring,Growth potential from a long-term perspectiveis attractive. In particular, as the transition to a sustainable society accelerates, the role of the company's technology is likely to attract increasing attention in the future.