Solid-state battery manufacturer QuantumScape announced that its first 24-layer lithium-metal prototype sells to EV OEMs for testing. Referred to as “Sample A0,” these cells represent QuantumScape’s most impressive solid-state technology to date, and their delivery marks a key milestone in its journey toward full integration of energy dense, fast-charging cells into future electric vehicles.
QuantumScape ($QS) is a battery technology company founded in 2010 with the goal of developing scalable, effective solid-state batteries that achieve cost parity with traditional lithium-ion cells popular in current EV models.
This past February, QuantumScape shared another industry first with a single-layer cell that had completed 400 consecutive 15-minute fast-charge cycles, replenishing from 10% to 80% capacity while still retaining over 80% of its initial energy.
By Q2 of 2022, the company was touting energy dense, 24-layer cells, which were already enduring internal testing. These first 24-layer prototypes have been labeled Sample A cells, representing the beginning of a three step journey toward automotive qualification and eventual production. Each major sampling stage (A,B, and C) will consist of several generations of maturing cell prototypes which will be delivered to OEMs for testing and validation.
Today, QuantumScape has delivered the first A0 prototype solid-state batteries to EV automakers for them to test themselves.
First solid-state EV batteries reach OEMs for initial testing
As promised, QuantumScape delivered its 24-layer solid-state EV batteries to OEMs before year’s end. The company shared details of the initial deliveries in a press release today, capping off another impressive year of development.
All that said, QuantumScape is the first to admit it still has a long way to go before solid-state batteries become commonplace within EVs and other electronics. Per QuantumScape CEO and cofounder Jagdeep Singh:
I’m proud of our team for all the effort and determination that went into achieving this milestone, especially in light of the challenges we encountered this year. While this milestone brings us closer to our ultimate goal, there’s still a lot to do before this technology becomes a commercial product, and we now turn our attention to this important work.
With 24 layers complimented by a solid-state separator, cathode, and a lithium-metal anode, QuantumScape states that its prototype cells have capacities in the “multi-amp-hour range.” With initial deliveries underway, OEMs like Volkswagen Group for instance, can begin their own internal testing of the solid-state batteries as they pertain to EVs and provide feedback on their performance.
Looking ahead, QuantumScape says it still has substantial work on its to-do list before it can bring this its battery technology to market, including “improvements to the quality, consistency, and throughput of its production processes, and additional enhancements on the product side, such as increased cathode capacity loading and improved packaging efficiency.”
The company says it intends to use the planned prototype generations of A, B, and C cells over the coming years to improve upon the factors mentioned above. Trust that several OEMs will continue to be involved in the testing process to help QuantumScape reach its goal of affordable, scaled production of solid-state batteries for EVs and beyond. It will be exciting to see what this company continues to achieve in 2023.
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Tesla has hired a celebrity ambassador, a departure from Elon Musk’s policy of not paying for celebrity endorsements.
Musk has often bragged about the fact that Tesla doesn’t pay for celebrity endorsements in contrast to other automakers who hire celebrity brand ambassadors to promote their cars.
Much like advertising, Musk seems to be abandoning this strategy.
Tesla announced that it hired Olympic shooter Kim Ye-ji, whose performance at the Paris Olympics this summer went viral, to be the automaker’s brand ambassador in Korea.
Kim said about her new partnership with Tesla:
I’m very excited to work with Tesla, who have recognized me. I hope to convey a positive message together with Tesla.”
Here are a few pictures released to announce her new partnership with Tesla:
Kim’s agency said that her relationship with Tesla started from CEO Elon Musk tweeting about her viral performance at the Olympics:
“The relationship between Kim Ye-ji and Tesla developed after Elon Musk mentioned her. The company said that Kim is Tesla Korea’s first brand ambassador.”
She is not only Tesla Korea’s first ambassador, but she is the first known paid celebrity ambassador for Tesla globally.
The policy change is not entirely surprising since the policy of Musk not paying celebrities to endorse Tesla’s products was often attached to the automaker’s strategy not to advertise.
Tesla sales in Korea haven’t been amazing, but the country’s auto market greatly favors domestic brands. The American automaker does fairly well for a foreign brand with the Model Y becoming the best-selling imported vehicle in Korea during the first half of 2024.
Although, it amounted to just over 10,000 units.
Electrek’s Take
It’s a change of strategy, and Elon certainly can’t claim that Tesla doesn’t pay for celebrities to endorse its products, but it is probably a smart move due to the fact that Koreans prefer domestic brands.
Kim could help create a deeper level of attachment to the Tesla brand, but I don’t really know. I’m just speculating.
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Kia just broke its October sales record as its impressive US sales run continues. After another record-breaking month, Kia said the growth is fueled by “strong demand” for its electric vehicles.
Kia sets new October sales record in the US
Kia sold 69,908 vehicles in the US last month, up 16% from its previous October sales record in 2023.
According to Kia, higher demand for its electric models is charging up sales in the US. Kia’s electrified sales (EVs, PHEVs, and HEVs) reached its highest ever in October.
All-electric vehicles (EVs) led the way, with sales surging 70% year-over-year (YOY). Plug-in hybrid (PHEV) and hybrid (HEV) sales were up 65% and 49%, respectively, from October 2023.
Kia’s first dedicated electric model, the EV6, set a new October sales record with 1,941 units sold. Through the first ten months of 2024, Kia has now sold over 17,700 EV6 models in the US. Meanwhile, its first three-row electric SUV, the EV9, continues to defy expectations.
With another 1,941 models sold last month, Kia EV9 sales reached 17,911 through October. That’s even more than the EV6 despite costing +$12,000 more.
2024 Kia EV9 GT-Line (Source: Kia)
Kia’s first US-made EV9 rolled out of its West Point, GA plant this summer. Although the EV9 is expected to qualify for the full $7,500 federal tax credit next year, Kia is matching it for now through incentives.
Next year, we will also finally see the EV9 GT, which Kia promises will have “enormous power.” Ahead of its official debut, we got our first look at the sporty electric SUV with an active spoiler last month.
2025 Kia EV9 Trim
Starting Price*
Light Standard Range
$54,900
Light Long Range
$59,900
Wind
$63,900
Land
$69,900
GT-Line
$73,900
2025 Kia EV9 price by trim (*excluding $1,325 destination fee)
Earlier this month, we learned that the 2025 EV9 will start at $54,900 (not including the destination fee), which is only $700 more than the 2024 model.
With prices dropping to potentially under $50,000, Kia’s three-row electric SUV is a steal. If you’re ready to experience the EV9 for yourself, we can help you get started. You can use our links below to view deals on Kia’s electric vehicles in your area.
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The outcome of the U.S. presidential election on Nov. 5 won’t affect oil production levels in the short- to medium term, Exxon CEO Darren Woods told CNBC on Friday.
Former President Donald Trump has called for unconstrained oil and gas production to lower energy prices and fight inflation, boiling his energy policy down to three words on the campaign trail: “Drill, baby, drill.”
“I’m not sure how drill, baby, drill translates into policy,” Woods told CNBC’s “Squawk Box” Friday after the largest U.S. oil and gas company reported third-quarter results.
Woods said U.S. shale production does not face constraints from “external restrictions.” The U.S. has produced record amounts of oil and gas during the Biden administration.
Over the past six years, the U.S. has produced more crude oil than any other nation in history, including Saudi Arabia and Russia, according to the Energy Information Administration.
Output in the U.S. is driven by the oil and gas industry deploying technology and investment to generate shareholder returns based on the break-even cost of production, the CEO said.
“Certainly we wouldn’t see a change based on a political change but more on an economic environment,” Woods said. “I don’t think there’s anybody out there that’s developing a business strategy to respond to a political agenda,” he said.
While shale production has not faced constraints on developing new acreage, there are resources in areas like the Gulf of Mexico that have not opened up due to federal permitting, the CEO said.
“That could, for the longer term, open up potential sources of supply,” Wood said. In the short- to medium term, however, unconventional shale resources are available and it’s just a matter of developing them based on market dynamics, he said.
Exxon Mobil shares in 2024.
The vast majority of shale resources in the U.S. are on private land and regulated at the state level, according to an August note from Morgan Stanley. About 25% of oil and 10% of natural gas is produced on federal land and waters subject to permitting, according to Morgan Stanley.
Vice President Kamala Harris opposed fracking during her bid for the 2020 Democratic presidential nomination. She has since reversed that position in an effort to shore up support in the crucial swing state of Pennsylvania, where the natural gas industry is important for the state’s economy.