EnergyWatch

Volkswagen invests a further USD 200m in battery producer

The carmaker has collaborated with Quantumscape since 2012 on the development of batteries for Volkswagen's electric cars. The German automotive giant has thus far already injected USD 100 million into the battery manufacturer.

Photo: Finn Frandsen

The German automotive giant Volkswagen invested a further USD 200 million in battery maker Quantumscape, Volkswagen informs in a press statement Tuesday, following an initial capital injection of USD 100 million.

The carmaker has cooperated with Quantumscape since 2012 on the development of batteries of Volkswagen's electric cars.

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