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By July, Volkswagen AG said it will make a decision on the batteries for its electric vehicles: either stay with the current lithium-ion technology, or move to new solid-state batteries. QuantumScape has been developing this new battery technology, which is said to store energy better than lithium-ion (li-ion). This translates to a longer range for […]

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Volkswagen has purchased a stake in battery development company QuantumScape Corp. to gain an edge over electric vehicle competitors like Tesla Motors Inc. and Nissan Motor Co. Inside sources, who wished to remain anonymous, told Bloomberg News that Volkswagen purchased a five-percent share in the privately owned company located in San Jose with the option […]

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