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Quantumscape CEO Jagddep Singh discusses going public through a SPAC deal and his company’s battery technology for electric vehicles.
#QuantumscapeCEO #electricbatteries #EVbatterytechnology
This segment originally aired on November 24, 2020.
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5:56 “minimum range of 350 miles per hour”. Getting a bit carried away there, eh? I’m sure he meant to say “350 miles per charge”.
In any case, it seems as though the features and benefits may help put EVs on par with ICVs, but does the manufacturing technology also have the same environmental drawbacks as other batteries? What about mining the materials and the possible toxic byproducts of manufacturing the batteries? How does it stack up in that respect?
I do see that packaging may be safer, as there would be no liquid to leak out upon puncturing, but would a puncture now cause an even more serious short with resulting high heat meltdown?
Obviously, not being well-versed on this concept/product, I’m asking questions the general (and investing public) would want and need to know before going all in.
SSHD
Solid state batteries don’t use toxic materials to the environment such as organic electrolytes, so they’re more environmentally friendly.
And battery fires happen when the electrode inadvertantly touches the electrolyte liquid, which then combusts. Solid state batteries don’t have this liquid. Another form of failure is thermal runaway, and solid state batteries shine again. Solid state batteries suffer 70-80% less thermal runaway than today’s batteries
I’m almost all in
3 words: *Vampiric Power loss.* how much power does it loses while idle.
Yikes
Does anybody knows if they have a patent/s on the technology,
I assume that they do?
I think they do
200+ patents plus trade secrets.
the patent isnt the issue. The issue is they’re still working on their technology and wont be available until 2025. And they’re only building a small run in 2025, wont hit full production until 2028. lol no thank you, in 8 years is a lifetime in technology and anything can happen til then. This speculative stock should be worth pennies or $1 -2 max.
Atlis EV have their battery recharge down to less than 15 mins.
Has any third party confirmed it? I don’t Atlis at their own word.
@A.C.G.B LR not that I know of, just going by the latest investor video they have out.
I’m not convinced. Especially the cost to produce one and the lastly of the battery. However I did like the ideas of being fully changed in 15 minutes. It sounds like the battery is not ready till 2025. That’s a long time before your return in the initial investment.
Stock markets are forward looking. Plenty of patient capital out there willing to sit and wait for this bet to come home. If you wait till it’s obvious you’re too late to make any real money.
What’s the cost for recycling these batteries once they’re old? Fiscal and environmental?
cheaper to recycle and undoubtedly cleaner as well. Just from a first glance from an engineering perspective
Is this public compan
Yes, QS
Take my money!
He should hurry up
Put him on 1.5 playback speed. You’re welcome.
NIO doesn’t care! Their cars can go from zero to fully charged in 3 minutes
Nio doesn’t go from 0 to fully charged in 3 minutes, they still take many hours to charge. YOU GET TO SWAP the battery for an ALREADY charged one in 3 minutes. BIG DIFERENCE.
This tech has not been verified by any outside scientists, but hey……here we are going public, in the most hyped stock sector.
thats what the virtual meeting will be about on december 7 or 9th i believe. they are going to show proof of concept
@Richard T didn’t Tesla show proof of concept? I believe Tesla was on iteration 4 or 5 expecting manufacturing level repeatability in iteration 7-9.
Talga Group & Novonix are wayyyy further along than Quantumsphere in battery technology with working products and are valued at $400m… My opinion is QS extremely hyped, technology not ready yet, and will be VERY expensive to include in a consumer EV – this is going to take time to bring costs down. Best of luck to the QS team and look forward to more innovation in this space!
Potential returns given scarcity will attract entrants, but economies of scale and scope mean there will be a shakeout. Likely only a few entrants will survive. Plus, raw materials are a constraint. Contracts with mining and processing companies critical. High risk.
Solid-state is unproven; fools gold. Might work in 10 years. Good luck. Avoid the kool-aid.
Solid state is still unproven. This could happen but it could take decades. It reminds me of Ballard power. A good company involved with hydrogen power. It is now going up but you would need hands of steel to hold onto it.
I smell something MIlton-esque…
I’d be tempted to agree with you if JB Straubel wasn’t heavily involved here, that guy is no joke.
I smell women and divorce court.
Stock price will be around 2000 by 2024 or wayy more
More like 2000 in 3 yrs
@Six Pack 440 big facts!
@Faded Polo
$$$$$$$$$$$
yikes
No tech details at all. Just advertising for his stock.
I see an Indian I immediately think scam
is he related to elizabeth holmes?
Lol. He doesn’t have that “dead behind the eyes ” stare though.
good point, i can see the resemblance.
IDK I see this as the pinnacle of EV hype fomo stocks…sold nothing, we have no way to see if their tech will be viable or rapidly eclipsed by huge direct competitors like Samsung. Tons of companies develop various solid state battery techs at the same time. Just hearing that Bill Gates threw some money their way is not enough for me.
And how many of those competitors have successfully developed a solid state battery? None that I have seen. First to market always takes the lions share.
It’s all talk where is the factory people you need a factory not someone talking on television
Sounds like another Nicola
Sorry, Nicola is far ahead of everybody. Their battery technology is so advanced that the materials and equipment required to build the battery hasn’t exist yet.They’re just ahead of their times.
The faulty premise is that you can win by just being a battery maker. Nope.
They may not just make batteries, they may license the technology to others.
@M X The ARM of batteries.
They’re not currently producing anything, and they’re not projecting to start selling anything until 2023. They don’t expect to make a profit until 2027. Yet they have a $20B valuation. A lot of people are going to get burned in the weeks ahead once the stock price returns to earth. They’ll get bought by VW or GM before long.
Yea and no one is selling Tesla stock until January for tax purposes. And the valuation is ridiculous which is why Dr. Bury is shorting the stock.
None of the battery companies could come up with the optimal battery?
I am all in
Prob wont hear anything from them
Hurry up or get crushed by TSLA
That’s not the accent I was expecting
😂
What’s wrong his accent? Sounds Sikh to me
@Max Cadey nothing is wrong
Red flags all over the place
Can you specify some issues in the technological side? I understand that going public without having any real public products is kinda shady. And I won’t propose anyone buy the share. However their technology side is quite well published and have good reviews.
@FalconEagle Solid state research can be fabricated to show results. But wont work under normal conditions
The hype is real. This stock will cool down very soon. In five years, most battery manufacturers already established in the market, such as Tesla and Romeo Power, will innovate and get ahead of this.
toyota already ahs such battery and will make in 2025 deliveries of SSBattery…this comapny is planning anyting to have in 2027…late to the game
Was it just me or did he not really answer any of the questions? He avoided the cost and charging speed questions.
@ZINDAO liking your own comment is a sign of weakness
This is Nicola Motors all over again not quite such a con but it’s all front of house talk where is the factory I say that again where is the factory
@Stereo review X Or at least provide the battery for independent testing to see if their claim has any validity. In their presence of course and without giving out any trade secrets.
@Stereo review X I have serious questions about jb streubel after understanding he has invested in this co and sits on it’s board. I really believe without a factory, and no actual hard data on really anything they claim to have? It smells like swamp gas. 🤔
@Ronaldo Vera what were the answers?
you want may money just ask don’t steel it like bill
Tesla is there
This is so exciting! I am so inspired by the incredible energy innovation going on in the world. Hats off to you and your team! Look forward to your IPO.
Look at the specs before..they seem…underwhelming
The specs seem super underwhelming
If it’s 2019, a company with no revenue and won’t see production in 4 years will not earn a cent in public funding. I’m not excited about these SPAC offerings which place all the risk to unsuspecting retail investors. What makes it worse are channels like Yahoo who don’t spend a minute talking about the risks when they do so non stop while covering Tesla.
The nikola of the battery spac tie ups, it’s all downhill from here. 😂
I like the company and their technology, but there current valuation is 23 billion and a product won’t arrive until 2025 and investors aren’t known for their patience. I may buy some share if the price drops substantially.
If this is the same Jagddep Singh who helped start Infinera then I suggest all shareholders truly understand the competitive advantage of this company. Personally, I am not an investor.
Another VW involved fraud. Quantumscape has been around for 10 years what where is the real world technology? Another SPAC pump and dump… just like Nikola
ISIS took over battery development (its a joke).
Sorry, Jagdep Singh, some white company is going to steal your idea and try to crush you then gobble you up, when you are an Indian company in America they don’t allow you to get big, that is why all the billion dollars company are all white owned.
Lot of amazing claims. If these specs are already achievable then why is there no product till 2024? If specs are theoretical then is that worth 23B USD? To me it feels like SPACs are getting away with financial fraud and as usual regulators are letting the rich wall street guys get away with public’s money.
The way he talks you can tell he has a technical background
Why not just buy more TSLA?
He can’t be cheating because VW and Bill Gates both are sponcereing him.
Ask Nicola
@Christopher What about Nikola? They weren’t backed by anybody with tech credentials. Just desperate old GM.
Meanwhile Quantumscape has Tesla’s former CTO on the board (with his own money invested), SolarCity’s former CFO and backing from Bill Gates and Kleiner Perkins. That’s a dream team of tech investors. You know something they don’t?
This company is still very much in Venture Capital territory. Yet, they go public with a US$3.3 billion valuation… This is all made possible by the money printing and zero interest rate policy of the Fed: free money looking for an ROI.
Elon Musk can sleep safely
BS. Lithium Ion has peaked. Actually peaked a few years ago. All they can do is pack more batteries on and then he laws of diminishing returns kicks in. Hydrogen tech is the future.
The amount of bears and Tesla fanboys is astounding. Time will tell who has the last laugh.
The amount of Tesla fanboys are equally annoying. Tesla’s former CTO and SolarCity’s former CFO are on the board of Quantumscape. The company is backed by Bill Gates and Kleiner Perkins. But the mere idea of a threat of competition triggers Tesla fanboys into running around calling it a scam.
If Quantumscape helps automakers produce better EVs, we should all be cheering them on.
Why they even can go public is beyond me, based on what? a lab work? an idea? capitalism is evil as hell.
Microsoft did the same thing way back in the day. Improvements are incremental. Fixes and patches are the norm.
удивите индуса что основной показатель батарей это количество циклов перезарядки – у лто уже доходит до 80ти тысяч, а ожидаются кремневые и прочие с безконечным количеством циклов
Nothing special
BULLSHIT.
What’s the stock price/ticker symbol?
QS
What ever happened to the Graphene batteries that were right around the corner?
The thing is that this is a field that is going to keep evolving, so tomorrow there might be a new battery tech that is even better. But on top of that this new tech is probably going to be a lot more costly than Lithium Ion for a while, it’s why manufacturers have been pumping out so many batteries to drive the cost down.
Battery tech is a really exciting topic to keep track of. Will be seeing massive progress there sooner than we think
Yahoo finance: as dumb as it sounds!
If they were already proven superior, the military would already commission high paying contracts to accelerate growth. Don’t be fooled!