Move over Elon, solid-state batteries just getting real

begreen

Mooderator
Staff member
Nov 18, 2005
85,996
South Puget Sound, WA
There has been a lot of chatter this year about solid-state batteries. That is a battery without any liquid electrolyte. Samsung announced progress on this front in March. In Silicon Valley, another group of scientists and battery experts have been toiling away on this problem since 2010. The news today, it that they are done testing and ramping up now to address the process of mass manufacture. Quantumscape not only has solved the issue of designing a solid-state battery, but that also has impressive specs. Also of important note, also is anode-less. The anode forms on the fly. They have created a battery that will be safer, work over a wide temperature range, charge up to 80% capacity in 15 minutes, lighter, and will increase the range over the same-sized battery pack by about 100%. Their product will revolutionize the EV industry. Volkswagen is partnering to now ramp up manufacturing. We should start seeing it in the 2024 timeframe.

 

begreen

Mooderator
Staff member
Nov 18, 2005
85,996
South Puget Sound, WA
They have to be good. There are others entering into this market with their variants on solid-state batteries too. Toyota recently announced they will be there too. Competition here will be fierce, but good for the consumer in the long run I hope. Maybe not so good for companies tooled up with gigafactories making older tech.
 

vinny11950

Minister of Fire
May 17, 2010
1,692
Eastern Long Island, NY
I have a 1996 Jeep Cherokee, and a spare 2007 Toyota Corolla sitting in the yard if I need it. I hope to get another 5 years out of them, so I can then buy an electric vehicle. An SUV would be preferable. I really don't want to buy another ICE vehicle.

I have seen a few analysts say Tesla is overvalued and I tend to agree. They face a lot of competition from the established players.

On a another note, Nikola truck factories are being built. The company has struggled lately but they are pushing forward. I hope they make it.
 

peakbagger

Minister of Fire
Jul 11, 2008
5,834
Northern NH
Toyota has been holding off on EVs. They just announced that they will have a solid state battery on by next year with production in two.
 

begreen

Mooderator
Staff member
Nov 18, 2005
85,996
South Puget Sound, WA
Yes, they are working with Panasonic on the project. With biggies like VW and Toyota moving quickly toward this tech I wonder how this will affect GM's Ultium battery plans?
 

JRP3

Member
Sep 17, 2007
218
I invested in Quantumscape before the SPAC merger and made some good money but I've sold most of the stock. The hype has gotten out of control. They won't have an actual product until maybe 3 years from now and their specifications are not really much better than where Tesla's cells are likely to be in the same time period. It's interesting and there are some good people behind it but they still have a way to go.
 

JRP3

Member
Sep 17, 2007
218
They face a lot of competition from the established players.
Actually they don't. None of the big established players have vehicles which compete on equivalent range and price and none of them have the same extensive fast charge Supercharger network that Tesla has. There are rumors that some OEM's may be buying into the Tesla network. In any case it's a growing market as EV's take over for ICE's. "Competition" will take sales from traditional OEM's ICE vehicles not Tesla. Tesla is also more than just an automaker and their home and grid scale energy storage sales will continue to grow. Plus they are progressing well with their full self driving technology.
Full disclosure: I've made a ton of money on TSLA and consider it to be a long term hold though I will probably sell some more next year. I also have an order in for a Cybertruck.

On a another note, Nikola truck factories are being built. The company has struggled lately but they are pushing forward. I hope they make it.
Nikola is basically a scam and has been exposed as such. They don't have the technology they claimed, they even faked their semi truck demo by towing it up a hill and filming it coasting on the way down, pretending that it was actually driving under it's own power. Trevor Milton has been removed from the company and is basically in hiding. I've been telling people for years that he was a BS artist and that the company was built on lies and Hindenburg Research recently did a huge expose on the company which proved it.
 

JRP3

Member
Sep 17, 2007
218

Whatever the reason, gains leave Quantum stock worth almost $59 billion based on the 448 million pro forma shares outstanding after the company’s merger with a SPAC. QuantumScape wasn’t immediately available to get an updated share count.

That’s more than existing battery makers LG Chem (051910.Korea), Samsung SDI (006400.Korea), and Panasonic (6752.Japan). Contemporary Amperex Technology, or CATL, (300750.China) is valued at roughly $110 billion.


Quantum market capitalization now exceeds Ford Motor (F) and General Motors (GM). Quantum’s market cap is, in fact, larger than every auto component of the Russell 3000 Index, except Tesla (TSLA).