Collaboration between QuantumScape and PowerCo broadens, aimed at speeding up the commercialization of advanced solid-state battery technology.
QuantumScape Corporation and PowerCo SE, a battery division of the Volkswagen Group, have expanded their strategic collaboration and licensing agreement to accelerate the development and commercialization of QuantumScape's groundbreaking solid-state lithium-metal battery technology.
Under the updated deal, announced in July 2025, PowerCo will provide up to $131 million over the next two years, contingent on milestone achievements. This inflow, in addition to the previously announced $130 million, will help QuantumScape Corporation in its ongoing efforts.
PowerCo gains the right to produce an additional 5 gigawatt-hours (GWh) of QuantumScape's QSE-5-based cells annually. This expansion increases their licensed production capacity, with an option to expand to 80 GWh annually. This capacity could potentially supply batteries for about one million vehicles annually.
The collaboration includes a joint scale-up team combining specialists from both companies. This team aims to expedite the commercialization of QSE-5 solid-state battery technology by accelerating pilot production at QuantumScape's San Jose facility and advancing manufacturing automation and technology transfer.
Dr. Siva Sivaram, CEO and president of QuantumScape Corporation, stated, "We are thrilled to expand our collaboration with PowerCo SE, a strategic partner that shares our vision for a revolutionary platform for the battery industry."
The first milestones have been achieved, and QuantumScape Corporation expects to begin receiving payments in 2025. The latest news highlights the ongoing development and commercialization of solid-state battery technology by QuantumScape Corporation and PowerCo SE.
QuantumScape Corporation, a global leader in next-generation solid-state lithium-metal battery technology, and PowerCo SE continue to demonstrate their commitment to bringing solid-state battery technology to market. This expanded partnership further signifies their strategic, technical, and financial alignment.
[1] QuantumScape Corporation Press Release, "QuantumScape and PowerCo SE Expand Strategic Collaboration to Accelerate Solid-State Battery Technology Commercialization," July 2025. [2] Volkswagen Group Press Release, "Volkswagen Group's Battery Division PowerCo Signs Expanded Collaboration Agreement with QuantumScape Corporation," July 2025. [3] Electrive, "Volkswagen's PowerCo and QuantumScape Expand Solid-State Battery Collaboration," July 2025. [4] Green Car Congress, "QuantumScape and PowerCo SE Expand Collaboration for Solid-State Battery Development," July 2025. [5] Electrek, "Volkswagen's PowerCo and QuantumScape deepen partnership to accelerate solid-state battery development," July 2025.
[1] The inflow of $131 million from PowerCo will aid QuantumScape Corporation in their ongoing development of renewable-energy technology.
[2] This expanded collaboration between QuantumScape Corporation and PowerCo SE will also involve the integration of data-and-cloud-computing technology, aimed at accelerating the commercialization of their solid-state lithium-metal battery technology.
[3] The finance sector plays a crucial role in the industrial revolution, as evident in the recent $260 million investment by PowerCo in QuantumScape Corporation's renewable-energy technology.
[4] With the increased production capacity of 80 GWh annually, this collaboration could potentially revolutionize the energy industry, providing a viable solution for one million electric vehicles per year.
[5] The strategic and technical alignment of QuantumScape Corporation and PowerCo SE, as demonstrated by their expanded partnership, is expected to bring about significant advancements in the field of technology, particularly in the realm of solid-state battery innovation.
