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QuantumScape Announces 100MWh Mass Production Line Construction and Partnership with Mühlbauer Group

The Motley Fool +1 ·

QS
QS QuantumScape Corp
$3.98 0.00%
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  1. 1QuantumScape announced a 100MWh mass production line in collaboration with Mühlbauer Group, aiming to begin production in 2028.
  2. 2QuantumScape recorded $9.8 million in customer billings for the third quarter, marking its first customer billings through the Honda contract.
  3. 3QuantumScape's third-quarter GAAP operating expenses were $92.4 million, and its third-quarter GAAP net loss was $84.5 million.

So what's the key point?

QuantumScape announced it is partnering with Mühlbauer Group to build a mass production facility that will start operating in 2028. The company recorded $9.8 million in customer billings in the third quarter, marking its first customer.

Source The Motley Fool +1 · View original ↗

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