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Business & Finance

Volkswagen invests extra $200mn in US battery company QuantumScape

  • Volkswagen added that plans for a pilot plant were expected to be firmed up in the course of this year.
Published June 16, 2020
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BERLIN: Volkswagen is increasing its stake in US company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the German carmaker said on Tuesday.

Volkswagen added that plans for a pilot plant were expected to be firmed up in the course of this year.

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