Latest news with #solidstatebatteries
Globe and Mail
37 minutes ago
- Business
- Globe and Mail
QuantumScape Reports Second Quarter 2025 Business and Financial Results
QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced its business and financial results for the second quarter of 2025, which ended June 30. The company posted a letter to shareholders on its Investor Relations website, that details second-quarter financial results and provides a business update. QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page. Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call. An archive of the webcast will be available shortly after the call for 12 months. About QuantumScape Corporation QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company's next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit
Yahoo
an hour ago
- Business
- Yahoo
QuantumScape Reports Second Quarter 2025 Business and Financial Results
SAN JOSE, Calif., July 23, 2025--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced its business and financial results for the second quarter of 2025, which ended June 30. The company posted a letter to shareholders on its Investor Relations website, that details second-quarter financial results and provides a business update. QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page. Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call. An archive of the webcast will be available shortly after the call for 12 months. About QuantumScape Corporation QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company's next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit View source version on Contacts For Investors ir@ For Media media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Dear QuantumScape Stock Fans, Mark Your Calendars for July 23
Closeup of EV being charged by Solarseven via iStock In a dramatic return to center stage, QuantumScape (QS) has reignited Wall Street's interest ahead of its next earnings release. On July 18, the stock soared to a fresh 52-week high of $15.03, marking a 7.7% intraday gain. Shares have soared more than 215% in the last month, so all eyes will be on its second-quarter report after market close on Wednesday, July 23. More News from Barchart The initial catalyst that sparked its recent rally was the integration of its Cobra separator process into baseline cell production. News of this technical step forward prompted a 31% stock jump the very next day. Given that QuantumScape remains in a pre‑revenue phase, the breakthrough signals tangible momentum. As capital continues to pour in, the question becomes not whether the firm can deliver, but when revenue will begin to flow. Thus, Q2 results will be watched closely. About QuantumScape Stock QuantumScape, headquartered in San José, California, is building the future of electric vehicle power with its next‑generation solid‑state lithium‑metal batteries. At a market cap of $7 billion, the company counts big backers including Bill Gates and the Qatar Investment Authority, while Volkswagen (VWAGY) holds a material ownership stake. Over the past three months, QS has exploded 253%, and in the past month alone risen 220%. That premium shows in valuation. QS now trades at roughly 7.4 times its book value, a lofty level for a pre-revenue company. But with battery breakthroughs underway and investor capital backing its runway, many believe that traditional valuations give way to future potential. A Closer Look at QuantumScape's Q1 Earnings On April 23, QuantumScape unveiled its Q1 2025 earnings, which, despite its pre‑revenue status, carried encouraging developments. The company reported a net loss of $114.4 million, narrowing from $120 million in the year-ago period. Its adjusted EBITDA loss and operating losses both also narrowed year over year. At the end of Q1, QuantumScape reported $860 million in liquidity, giving it a runway well into the second half of 2028. For a pre-revenue company in a capital-intensive industry, this is a reassuring buffer. This will also allow the company to reach key milestones, including field testing set for 2026, without raising immediate funding.
Forbes
3 days ago
- Automotive
- Forbes
Solid-State Batteries Still Face Hurdles But The Prize Is Huge For EVs
3d rendering group of solid-state or rechargeable batteries Solid-state batteries have been hailed as a game-changer for electric vehicles — always five years away, but never quite arriving. Solid-state champions say the technology, if perfected, would slash EV prices and weight, and maybe double range. Government subsidies wouldn't be required to sell them. Buyers would be infatuated. The trouble is the technology remains on the drawing board. Some experts say a breakthrough is imminent. Others point to problems said to be intractable. Because the prize is so tempting – an EV that can match and beat internal combustion engine's all-around utility - the world's leading automakers and the Chinese state are investing massively. These next-generation batteries seek to use solid electrodes and a solid electrolyte, replacing the liquid or gel electrolytes found in conventional lithium-ion batteries. The consensus opinion is that success is one last heave away. You can exclude Donald Sadoway, Professor of Materials Chemistry at the Massachusetts Institute of Technology, from the consensus. Sadoway, in an interview, said not only is the technology incomplete, the ability to produce at scale remains elusive. The current lithium-ion battery technology, which has moved on from nickel-based chemistry to lithium-iron phosphate (LFP), will have to suffice for a while yet, he says. LFP batteries are cheaper with lower energy density providing less but acceptable range than nickel-based batteries. Nickel batteries will still be needed for more expensive cars which require longer range. Cambridge, England-based technology consultants IDTechEX's vice president for research Dr James Edmondson thinks progress is being made and points out solid-state batteries are not a single technology but encompass various strategies with the ultimate goal of removing the liquid electrolyte and replacing it with a solid one. Some solid-state batteries that already exist have small liquid components. Late in the decade Edmondson expects to see prototypes of truly solid-state batteries between now and 2028 with premium vehicles the first adopters late in the decade. 'In terms of seeing them in larger production volume vehicles we wouldn't expect that until the 2030s. Even by 2035, we are predicting just over 100GWH of capacity for solid-state batteries, compared with our prediction for the overall EV car market at around 3,800GWH in the same year,' he said in an email exchange. solid-state batteries have the potential to revolutionize the battery industry by offering improved ... More performance, safety and longevity; 3d rendering. Will they live up to the promise of half the price, half the weight and twice the power? 'Solid state batteries will inherently start at a high cost due to their much less scaled manufacturing. Average cell cost for typical (lithium-ion) was around 80$/kWh in 2024, and we wouldn't expect solid state to match this until the late 2020s. Half the price would be a long way off, and maybe not possible, especially as lithium-ion is still decreasing, you eventually run into a base bill of material costs,' Edmondson said. 'Energy density for solid state certainly has the potential to be higher than the typical Li-ion. We would expect solid state cells to be able to achieve about 900Wh/L whereas the average high nickel NMC is around 400Wh/L,' he said. Packaging the cells is complicated. 'Overall, solid state should still be able to achieve a significantly higher energy density, but it won't be as straightforward as having cells that contain twice as much energy means a pack with twice as much energy,' Edmondson said. This is premature though, according to MIT's Sadoway, saying fundamental technical barriers remain. 'Solid-state technology is still in the research and development stage and I don't see anything in the market coming close to the finished product,' Sadoway said. Fundamental physical barriers Eliminating the liquid element is proving to be an elusive problem. 'We don't see anything coming into the market-place because of fundamental physical barriers, not any time soon. That's my assumption. I'm prepared to be surprised but I don't see how you can have all the key elements as solid. It really looks too difficult at the moment to overcome these barriers and if you do, there's the ability to manufacture. So there's a scientific problem and a manufacturing (at scale) problem,' Sadoway said. Sadoway has for years pointed out basic problems developing solid-state technology haven't been solved. Sadoway has been working on an aluminum-sulfur battery, which he has said would be cheaper at scale and safer than lithium-ion because it was incapable of burning. The project has stalled for lack of funds. Dr Timothy Gotsick, VP of Technology & Innovation at MacDermid Enthone Industrial Solutions, said today's batteries are already highly effective and efficient. 'It's easy to imagine even greater energy storage. By replacing lithium ions and liquid electrolytes, which are like using a basket-ball sized sponge to hold a cup of water, with lithium metal, you could pack the same energy into something the size of a tennis ball. The theoretical ratio of energy density between a graphite node and lithium metal is a little over 10. That is the basic principle behind a solid-state battery,' Gotsick said. Propel EV beyond ICE cars 'The implications are enormous if this technology can be realized. EVs are already capturing significant market share. With maximum energy density, enhanced safety, and faster charging, nearly all objections to EV adoption would be eliminated. In fact, such advancements could propel electric vehicles beyond the capabilities of today's ICE cars,' Gotsick said. Solid-state battery technology, the next frontier in energy storage, mind map infographics sketch. 'Of course if it were easy, it would already be done. But with stakes this high, many are racing to make it happen,' he said. Gotsick pointed to the leading invetors in solid-state research – Gotsick thinks the emergence of solid-state batteries can be measured in years, not decades. 'The change, when it comes, may look sudden. Due to the modular nature of EVs, it will probably be very easy to swap a smaller battery and its control systems into automotive designs. As a result, as soon as solid-state batteries are viable, they will see rapid adoption,' he said. IDTechEx's Edmondson believes solid-state promise a lot but still have hurdles to jump. Li-ion will maintain market majority 'We would expect production cars with solid-state batteries to be on the roads before the 2030s, but not in much larger production vehicles until the 2030s and even then, traditional Li-ion will still likely maintain the majority of the market share,' Edmondson said. In Europe, politicians have decreed that no new ICE vehicles will be sold after 2035. Forecasts show that is very unlikely with current technology. Rapid introduction of solid-state would transform EV sales. In the U.S., the Trump Administration dropped the plan to force at least half of U.S. new sedan and SUV sales by 2030 to be EVs. That's just as well because MIT's Sadoway says by 2035 in the U.S., ICE, hybrid and EV sales will be roughly the equivalent of today, but another problem will be demanding attention – the electric grid. 'Yes, in 2035 the U.S. the automobile market will be roughly the same as today, but by then the massive demand for electricity from computers, AI and EVs will combine to demand more electricity than the grid can supply,' Sadoway said. Rapid solid-state rollout clearly won't solve all the problems for EVs.
Yahoo
14-07-2025
- Automotive
- Yahoo
PhD student develops brain-like technology that could solve dangerous issue with electric vehicles: 'Orders of magnitude faster'
New research has potentially found a solution for some of consumers' biggest concerns about electric vehicle adoption: reducing fire hazards and extending battery life. In a new study published in npj Computational Materials, researchers, including a Ph.D. student from Skoltech and AIRI Institute, demonstrated how neural networks can significantly accelerate the discovery of solid electrolyte materials. This advancement could address one of the biggest hurdles in EV battery design: creating batteries that are safer, longer-lasting, and capable of holding more charge while reducing fire risks. Data shows that traditional internal combustion engine vehicles already have a much higher fire hazard risk than EVs. Solid-state batteries are a highly anticipated successor to traditional lithium-ion EV batteries. Instead of using flammable liquid electrolytes, solid-state batteries utilize ceramic or other solid materials to move lithium ions between electrodes. These materials offer greater stability, enabling faster charging, longer ranges, and improved safety. However, most known solid electrolytes do not yet meet all the technical requirements for commercial EVs. Researchers are now using artificial intelligence neural networks to predict new materials with high ionic mobility at speeds far surpassing traditional trial-and-error methods. "We demonstrated that graph neural networks can identify new solid-state battery materials with high ionic mobility and do it orders of magnitude faster than traditional quantum chemistry methods," explained Artem Dembitskiy, the lead author of the study and a Ph.D. student at Skoltech. "Machine learning lets us screen tens of thousands of materials in a fraction of the time." This innovative approach has helped the team identify two promising new protective coatings that could stabilize next-generation batteries and prevent dangerous short circuits. The potential of solid-state batteries is significant: Some automakers estimate they could offer up to 50% more range compared to today's EVs, along with reduced fire risk and longer battery life. This translates into lower long-term maintenance costs and fewer battery replacements. This research builds on previous AI-assisted breakthroughs in EV battery technology, fueling solid-state battery innovations that could enable EVs to last a decade longer than current battery technology. Pairing these high-efficiency EVs with home solar can drive savings even further. By charging at home using solar energy, drivers can lower their electricity bills and easily compare rates on sites like EnergySage. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Considering an EV as your next car? You could save over $1,500 a year on gas and maintenance as well as receive Inflation Reduction Act tax breaks and credits, up to $7,500 through Sept. 30, while reducing planet-warming pollution and avoiding high gas prices. While these solid-state batteries are not yet ready for mass-market EVs, AI tools like these are helping us get there faster. This breakthrough could enable automakers to reduce their reliance on nonrenewable fuels and create a cleaner, more affordable future for drivers everywhere. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
