QuantumScape Corporation
quantumscape.comWhat Do They Do?
Develops solid-state lithium-metal battery cells for automakers, with potential uses in consumer electronics, data centers and defense.
10-K for FY2025, filed Feb 25, 2026
How Do They Make Money?
No revenue reported yet.
10-K for FY2025, filed Feb 25, 2026
Who Are Their Customers?
Automotive manufacturers work with QuantumScape under cell-sampling, technology-evaluation and joint-development agreements; PowerCo collaborates on battery development and planned technology transfer.
10-K for FY2025, filed Feb 25, 2026Since 2012, we have developed a strong partnership with Volkswagen Group of America Investments, LLC (“VGA”) and certain of its affiliates…View ↗
In addition to the signed agreements with PowerCo with the goal of commercializing our battery technology, we intend to continue working…View ↗
We believe that our technology enables a variety of business models and presents opportunities with a variety of potential customers, such…View ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q3 FY2026, filed Oct 23, 2026
−$84.5MView ↗
- ▼ −20% (Loss)
- vs −$105.8M in Q3 FY2025
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Jul 22, 2026
QuantumScape signs a multi-year battery development agreement with Honda
The agreement advances solid-state lithium-metal battery technology for automotive and other applications in Honda's product portfolio.
Sources
8-K, filed Jul 22, 2026
We’re proud to report that we have taken a major step forward on automotive customer engagement: on June 18, we announced a partnership…View ↗
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Jul 22, 2026
QuantumScape revises the PowerCo development and commercialization program
Milestone-based payments replace the previous cost-reimbursement structure, with milestones covering automotive and larger-format cells and future technology.
Sources
8-K, filed Jul 22, 2026
Under the Amendment, QS and PowerCo updated the program structure and milestones for their continued joint development, validation…View ↗
Licensing emphasis
The older report described a Volkswagen joint venture for industrial battery production and shared revenue and profit; the latest report emphasizes capital-light licensing and technology transfer to partners.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 25, 2026Since 2012, we have developed a strong partnership with Volkswagen Group of America Investments, LLC (“VGA”) and certain of its affiliates…View ↗
Broader target markets
The older report named stationary storage and consumer electronics as non-automotive applications; the latest also identifies data centers and defense alongside consumer electronics.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 25, 2026While we expect Volkswagen will be the first to commercialize vehicles using our battery technology, we are, and over the next few years…View ↗
In addition to the signed agreements with PowerCo with the goal of commercializing our battery technology, we intend to continue working…View ↗
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