Volkswagen has tripled its stake in a solid-state battery specialist, counting on high-density batteries that promise longer range and shorter charging times being the key to driving EVs into the mass market. The German automaker had already taken a stake in US company QuantumScape, worth more than $100 million. Now, it’s adding up to $200 million more. “The goal is …
VW pumps $200 million more into battery tech that could double EV range
Slash Gear - 16 Jun 2020 22:25
Volkswagen has tripled its stake in a solid-state battery specialist, counting on high-density batteries that promise longer range and shorter charging times being the key to driving EVs into the mass market. The German automaker had already taken a stake in US company QuantumScape, worth more than $100 million. Now, it’s adding up to $200 million more. “The goal is …
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