QuantumScape Q4 2024 Earnings Report
Key Takeaways
QuantumScape had a watershed year in 2024, achieving key goals such as shipping Alpha-2 samples, ramping the Raptor process, beginning low-volume B0 sample production of QSE-5 cells, and releasing advanced Cobra separator heat-treatment equipment. The company also formed a partnership with PowerCo, the battery manufacturing company of the Volkswagen Group, to industrialize the QSE-5 technology platform.
Shipped Alpha-2 samples, incorporating advanced packaging and high-loading cathodes.
Ramped Raptor process, the first deployment of disruptively faster and more efficient separator heat-treatment process.
Began low-volume B0 sample production of QSE-5 cells with industry-leading performance, energy density of 844 Wh/L and fast charging in just over 12 minutes.
Released advanced Cobra separator heat-treatment equipment, setting the stage for higher-volume B1 sample production in 2025.
QuantumScape
QuantumScape
Forward Guidance
For 2025, QuantumScape forecasts capital expenditures between $45M and $75M and Adjusted EBITDA loss to be between $250M and $280M.
Positive Outlook
- Bring Cobra into baseline production.
- Install higher-volume cell production equipment jointly with PowerCo.
- Ship QSE-5 B1 samples for customer testing.
- Expand commercial engagements.