Summary by Moomoo AI
QuantumScape, a development-stage company focusing on next-generation battery technology for electric vehicles (EVs) and other applications, reported a net loss from operations of approximately $134.5 million for the three months and $266.4 million for the six months ended June 30, 2024. The company has an accumulated deficit of approximately $3.1 billion since inception. Despite the losses, QuantumScape is advancing in its product development, having shipped its first 24-layer prototype battery cells to automotive OEMs for testing in 2022. The company's research and development efforts are ongoing, with a focus on improving prototype cells' energy density and manufacturing processes. QuantumScape's collaboration with PowerCo SE, a Volkswagen-owned battery cell company, aims to industrialize solid-state lithium-metal battery technology for use in QuantumScape...Show More
