QuantumScape's Q2 2023 Report Reveals Potential Automotive Launch Partner and Rapid Charging Capabilities

QuantumScape, the solid-state battery developer, has made significant progress towards commercialization in the EV segment. In its Q2 2023 report, the company announced the shipment of high cathode-loading cells to automotive partners and revealed a potential launch partner for its first product. QuantumScape's prototype cells have passed safety tests and it has demonstrated a 10-80% fast charge in 15 minutes. The company also outlined plans for implementing a fast separator heat-treatment process in manufacturing. With over $900 million in liquidity, QuantumScape expects to continue development into the second half of 2025.