In December 2020, QuantumScape announced that its battery technology is a breakthrough moment in batteries. The company has developed a solid-state battery that combines lithium components with the anode, which reduces bulk and potentially delivering more power at a lower cost. If this turns out to be true, this will not only be a disruptive technology in itself, but it has the potential to disrupt the status quo of many companies, including Tesla.
The cost factor is one of the key factors keeping people from adopting EVs in large numbers. These batteries also boast of rapid charging and longer life expectancy. While many people think that solid-state could be the technology of the future, Tesla CEO Elon Musk thinks that removing the conventional anode “is not as great as it may sound” in terms of delivering space savings in the cell.
Tesla uses cylindrical batteries formed from rolled cells, in contrast to its peers’ prismatic batteries, where cells can be stacked. Solid-state batteries will be easier to stack rather than roll. While it still remains to be seen if QS can beat Tesla when it comes to batteries, the race is certainly on to find the next best alternative.
View more information: https://marketrealist.com/p/quantumscape-qs-stock-2025-forecast-good-long-term-investment/