QuantumScape reported progress in reducing contaminants in their material, which allowed them to freeze major design parameters for their separator film and cell. They have kicked off their 24-layer A-sample campaign and are ramping up separator film production. They are engaged with leading global consumer electronics companies and have shipped dozens of zero externally applied pressure single-layer pouch cells for customer testing. They reiterated their cash opex guidance of $225M to $275M for FY’22 and expect to be on the lower end of their capital expenditure guidance of $175M to $225M.