![]() ![]() This is a simply massive market opportunityįor context as to what that's worth, S&P Global Mobility estimates just under 84 million light vehicles will be sold in 2023. Management says they can accomplish all of that, while also making a battery that's smaller and lighter. The company says that its solid-state technology can charge up to 80% capacity in 15 minutes, and more safely with a non-oxidizable separator, last more than 150,000 miles and a dozen years, and drive the cost of an EV with 300+ mile range to below $30,000. QuantumScape is working to solve essentially all of these problems. Plus, the batteries steadily hold less and less charge, further cutting into usable range. And solving those edge cases, or simply removing range anxiety costs a lot of money. Simply put, those edge cases where car ownership is nice - a road trip on a long weekend, for instance - become major hassles. There are a range of great vehicles available from Tesla, Ford, NIO, and a dozen other start-up and legacy automakers that cost less than $50,000 and can travel 250 miles or more on a single charge.īut when you start pricing a car closer to $30,000 or less, the range falls to 150 miles or less and charging isn't as fast. ![]() Lithium batteries have changed the world, and the massive growth in global manufacturing capacity and a lot of work to optimize the chemistry, has resulted in a technology that's "good enough" for many transportation needs. The short version of what QuantumScape is trying to do Keep reading for a closer look at QuantumScape, why I'm holding, and why there's a potential case to buy more shares of this higher-risk start-up. As a result, shares have fallen 94% from the peak the story sold a lot of stock, but investors are never patient with story stocks that don't quickly deliver the goods.īut I'm no selling, despite owning a painful 77% loss in my own portfolio. The problem? It's likely those batteries are still at least a year or two from going commercial, and multiple years from being ready for mass production. Lighter weight, faster charging, longer range. Its advanced, solid-state batteries, can help address many of the problems with current technology. Therein lies the bull thesis for QuantumScape (NYSE: QS). ![]()
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