Jagdeep Singh, Co-Founder, CEO & Chairman, QuantumScape, discusses how the company is working to transform the EV battery landscape with Bloomberg Green's Akshat Rathi at the Bloomberg Green Summit.
Watching in may 2024 with the test results and prototypes being built if they can scale successively it will be massive. I really think investing is a no brainer
I just started investing into this fascinating and new breakthrough opportunity. I wouldn't want to be looking back 10 yrs. from now wishing I didn't take the time to invest into its research and potential. This battery will not suddenly explode in flames like a liquid Core ion lithium battery, and getting safety of the battery in the solid state variety surely made me a believer on top of all the other benefits of its functionality.
Sounds like Quantumscape is making progress however, what about the cost? Will Quantumscapes solid state battery be cost competitive with Tesla's 4680? If not, it will only be used in very high end models that most people cannot afford. Please comment how cost competitive this battery will be. Hope it works out.
I'm predicting at least 3 new battery "types" coming to market each year for the next 10 years. Battery developers are all on notice they don't have "years" anymore, they have months to get to market. Not all of those will be for cars but 3 per year in production is my prediction. The good news is some will use different materials and chemistry than the ones we use now. This will help distribute demand for materials to more sources and help keep down costs. Also, each new one won't replace existing types in all cases, in fact most will be "in addition to" what me make now. There is enough demand and use cases to support all types of battery production. Remember, not all of these will be for cars, some will be for other use cases like energy storage.
What do you do about the price of lithium now which costs over $100,000. It renders the entire process cost prohibitive. However, nothing else can replace it.
