Customer CollaborationQuantumScape expanded its engagement with Volkswagen's in-house battery subsidiary, PowerCo, and added another auto OEM to the roster—both positive movements in customer collaboration.
Financial OutlookQuantumScape now expects that its cash runway will extend into 2029 from 2H28 based on the potential VW royalty prepayment, current liquidity, and the expanded PowerCo agreement.
Technology DevelopmentThe new Cobra process in ceramic processing technology enables a 25x improvement in heat treatment speed versus the previous method, which is a significant improvement necessary to achieve scale economics.