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Volkswagen invests extra $200 million in U.S. battery company QuantumScape

Published 06/16/2020, 06:33 AM
Updated 06/16/2020, 06:35 AM
© Reuters. A general view of the Volkswagen construction plant which reopened after closing down last month due to the coronavirus disease (COVID-19) outbreak in Bratislava

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) is increasing its stake in U.S. 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 https:// 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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