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Solid-state battery developer QuantumScape has posted its quarterly fiscal report and letter to shareholders for Q2 2025. QuantumScape’s progress update includes an expanded agreement with Volkswagen Group’s battery business, PowerCo, and a new joint development agreement with an additional OEM.

As far as quarterly updates go, I personally look forward to the letter to shareholders from QuantumScape ($QS) four times a year. The solid-state battery developer continues to improve its technology and production techniques, pushing closer than ever to delivering mass-produced energy-dense cells to market.

Last month, QuantumScape reported that its proprietary Cobra solid-state separator process had been fully integrated into its baseline production processes, achieving a 2025 goal while enabling gigawatt-level solid-state cell production.

QS said the Cobra breakthrough is expected to lay the groundwork for higher-volume B1 sample production of its flagship QSE-5 cells, which will eventually lead to scaled production for the battery market.

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Furthermore, the technology supports QuantumScape’s licensing model with PowerCo, a division of Volkswagen Group, which was announced a little over a year ago. As part of its Q2 2025 report, QuantumScape shared details of an expanded deal with PowerCo among several other exciting updates.

QuantumScape Q2 2025
(clockwise from bottom left) Siva Sivaram, QS CEO; Dr. Günther Mendl, Head of Center of Excellence Battery, Volkswagen AG; Sebastian Schebera, Head of Strategic
Partnerships, Volkswagen AG; Dennis Segers, QS Board Chairman; Jupp Kaufer, VP of Product Management and Corporate Quality, PowerCo / Source: QuantumScape

QuantumScape ended Q2 2025 with runway through 2029

All details outlined below are available in QuantumScape’s Q2 2025 Letter to Shareholders. Per the company, its capital expenditures were $8.3 million in Q2, primarily spend on facilities and equipment purchases to
prepare for higher-volume QSE-5 B1 sample production using the Cobra separator process mentioned above.

GAAP operating expenses and GAAP net loss in Q2 were $123.6 million and $114.7 million, respectively. Adjusted EBITDA loss was $63 million in Q2 (in line with expectations). Per the letter:

We continue to streamline operations consistent with the company’s capital-light licensing focus and capture gains from cost reduction initiatives and process improvement, including the Cobra process. We narrow the range of our full-year guidance for Adjusted EBITDA loss to $250M – $270M. We ended Q2 with $797.5M in liquidity and extend our guidance for cash runway into 2029, a six month improvement over our previous guidance. Any additional funds from other customer inflows or capital markets activity would further extend this cash runway.

As hinted above, QuantumScape’s Q2 2025 update also included news of an expanded deal with PowerCo, which entails the latter company contributing an additional $131 million to the former over the next two years. That amount will come in addition to the original $130 million committed by Volkswagen Group’s battery arm if and when QS delivers “satisfactory technical progress and execution of the full licensing agreement.”

In exchange for the additional funding, QuantumScape will prioritize QSE-5 cells manufactured on its San Jose pilot line to support its joint development agreement with PowerCo. That said, QS still maintains a non-exclusive arrangement and has the right to provide cells to our other customers.

Speaking of which!

QuantumScape’s Q2 2025 report also includes news of an additional joint development agreement (JDA) with “another major global automotive OEM.” Although QS did not name the OEM, it did say the JDA builds off an existing relationship, as the client was a solid-state sample customer. Unfortunately, QS keeps that client list close to its chest, so we’d rather not speculate on who the new joint development partner could be, but it’s exciting news nonetheless.

Looking ahead beyond Q2, QuantumScape is set on its second goal for 2025 – installing higher-volume cell production equipment to support scaled solid-state cell production. From there, QS is looking to ship more samples of its prototype cells and has shared a more concrete timeline for actual field testing. Per the letter:

We are working closely with our launch customer, and in Q2 we shipped QSE-5 cells for pack integration and testing, including safety testing. These cells were the final Raptor-based B0 samples to be shipped; future shipments will be Cobra-based B1 samples, in line with our third annual goal. This launch program is designed to be a low-volume, high-visibility project that will allow us to put our cells into a real-world vehicle application and generate customer feedback. We continue to target 2026 for the beginning of field testing.

That’s all for now. Be sure to check back with Electrek soon for the latest solid-state battery and other electric mobility news.

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Solar + nuclear to surge in Middle East as electricity demand soars – IEA

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Solar + nuclear to surge in Middle East as electricity demand soars – IEA

Electricity demand is skyrocketing across the Middle East and North Africa, and it’s being driven by two big factors: cooling homes and businesses in extreme heat, and making seawater drinkable through desalination. A new report from the International Energy Agency (IEA) shows just how dramatic the surge is. Electricity use in the region has tripled since 2000, and it’s expected to jump another 50% by 2035. That’s like adding the current combined electricity demand of Germany and Spain.

Cooling and desalination alone are expected to account for about 40% of that growth over the next decade. Urbanization, industrialization, the electrification of transport, and the boom in data centers are also adding to the load, according to the IEA’s report, “The Future of Electricity in the Middle East and North Africa.”

Right now, natural gas and oil overwhelmingly dominate power generation in the region, making up more than 90% of electricity supply. But that mix is changing. Many countries, including Saudi Arabia and Iraq, are trying to reduce oil-fired power to free it up for export. The IEA says natural gas will likely cover half the demand growth through 2035, with oil’s share falling from 20% today to just 5%.

Renewables are on the rise, too. Solar capacity is set to increase tenfold by 2035, growing by 200 gigawatts (GW), which would boost renewables’ share of the electricity mix to around 25%, up from 6% in 2024. Nuclear power is also expected to triple over the same period.

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“Demand for electricity is surging across the Middle East and North Africa, driven by the rapidly rising need for air conditioning and water desalination in a heat- and water-stressed region with growing populations and economies,” said IEA executive director Fatih Birol. “To meet this demand, power capacity over the next 10 years is set to expand by over 300 GW, the equivalent of three times Saudi Arabia’s current total generation capacity.”

Meeting that demand won’t come cheap. Investment in the power sector hit $44 billion in 2024, and it’s projected to grow another 50% by 2035. Nearly 40% of that spending is expected to go toward upgrading grids, which currently suffer losses that are double the global average.

The IEA says grid upgrades and stronger regional interconnections will be critical for electricity security. Balancing renewables will also require more energy storage, demand-side flexibility, and enough gas-fired plants to cover when solar and wind aren’t available.

Energy efficiency improvements could ease some of the strain. For example, air conditioners in the region are less than half as efficient as those in Japan. Upgrading the ACs alone could cut peak demand growth by an amount equal to Iraq’s entire current power capacity.

If countries move more slowly on diversifying their power mix, according to the report, the stakes are high. Carbon dioxide emissions would continue to rise, and oil and gas demand for electricity could increase by more than a quarter by 2035, cutting export revenues by $80 billion and raising import bills by $20 billion.

Read more: 1 in 4 cars sold in 2025 will be EVs, and that’s just the beginning


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Hyundai wants to kill off this popular EV design trend, and I have to agree

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Hyundai wants to kill off this popular EV design trend, and I have to agree

Is it just me, or do too many new vehicles look about the same? Hyundai believes it’s time to end a popular trend that nearly every EV has nowadays.

Hyundai looks past the LED lightbar for new EV design

The LED light bar has been around for a while. In the early 2000’s Xenon headlights were the hit trend, offering much brighter light while consuming less energy.

Although it was initially mainly found on luxury vehicles, Hyundai was one of the first to jump on the trend, working to make it more widely available at a lower cost.

Over the past few years, the trend has evolved into a thin LED light strip stretched across the front and sometimes the rear of the vehicle.

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Since most brands are slapping it on electric vehicles, it’s become almost a status symbol of the EV movement. In early 2023, Hyundai revealed the new “EV-derived, futuristic” design for the Kona Electric, placing a heavy emphasis on the front LED lightbar.

Hyundai-EV-design-trend
Hyundai Kona Electric N Line (Source: Hyundai)

Nowadays, nearly every vehicle, EV or gas-powered, has the popular design feature. Even Tesla hopped on the trend with the new Model Y, Model 3, and Cybertruck.

According to Hyundai’s design boss, Simon Loasby, LED lightbars are “almost at the end of their journey.” After unveiling the new Concept Three at the Munich Motor Show last week, Loasby explained to Car Magazine on the sidelines, “When is the time you need to let go [of light bars], it’s almost like the end of that.”

Hyundai-EV-design-trend
The 2026 Hyundai Sonata Hybrid Limited with an LED lightbar (Source: Hyundai)

Although Hyundai recently added the lightbar to the Grandeur, Kona, and Sonata, Loasby said he’s “seen enough.”

“It worked at the time, and it was absolutely right, the Grandeur was the first car with a one-piece structure. The biggest thing is the cost level, you just can’t afford to do it and some customers don’t need it,” Hyundai’s design chief explained.

Hyundai-EV-design-trend
Hyundai IONIQ 9 (Source: Hyundai)

In China, “you must have it,” Loasby said, but in other markets, like Europe and the US, it’s not needed. Hyundai is instead focusing on differentiating itself with its unique pixel lightning, found on the IONIQ EV models.

Hyundai has already had a few copy its design, notably the Fiat Grande Panda, which Loasby joked, “thanks for copying, thanks for being inspired by us.”

Hyundai-EV-design-trend
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)

It may be time for a shake-up. Loasby said, “I think we are almost at the end of journey in terms of lighting. It’s almost like chrome.”

Hyundai’s new Concept Three, which is expected to launch as the IONIQ 3 in production form, did not feature a full LED lightbar. Instead, it had an updated pixel lightning design.

Electrek’s Take

I have to agree with Loasby on this one. I must admit that at first, I was a fan of the sleek look of a nice, slim lightbar, especially at night.

The more I see it, the more it reminds me of a Toyota now. And that’s nothing against them (It is the world’s largest automaker), but should a Tesla Model Y, or even a Porsche 911, look the same as a Toyota from the front? I’ll let you determine that one.

I drive a 2023 Tesla Model 3, the last of the pre-facelift version, and was pretty bummed to see how cool the updated Model 3 looked at first. The more I see them, though, the more I like the design of the first-gen Model 3 and its wide eyes. It’s unique. Now, the Model 3 looks like any other vehicle, at least, in my opinion.

Is it time to put an end to the LED lightbar? Let us know how you feel about it below.

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Eat Culver’s frozen custard + fast charge your EV in Wisconsin

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Eat Culver's frozen custard + fast charge your EV in Wisconsin

Zero 60, an EV charge point operator on the ChargePoint network, is bringing fast charging to a Culver’s in the Northwoods of Wisconsin. The company, founded by Faith Technologies Incorporated (FTI), will install a renewable-powered charging station in Rhinelander.

The new site sits along a state-designated Alternative Fuel Corridor at Culver’s on 620 W. Kemp St. It will feature four 160-kilowatt charging ports, giving EV drivers in northern Wisconsin reliable fast charging well beyond the state’s urban hubs.

The project is backed by the Wisconsin Department of Transportation’s first round of funding from the Wisconsin Electric Vehicle Infrastructure (WEVI) program. Wisconsin wants to ensure EV drivers can confidently travel north, knowing they won’t be stranded without chargers.

“Partnering with a well-known brand like Culver’s gives us a unique opportunity to combine Midwest hospitality with clean, convenient charging,” said Wade Leipold, executive vice president of FTI. “We’re proud to support Wisconsin’s efforts to build a robust, future-ready charging network that serves communities and travelers alike.”

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Zero6 Energy is financing, owning, and operating the station, while FTI is handling the engineering, design, installation, and ongoing maintenance. Zero 60 already operates nine charging sites and has plans for many more across the US, with the first wave of stations installed in New York, California, Colorado, and Wisconsin, and more currently being developed in other states.

Read more: GM, EVgo, and Pilot hit 200+ charging sites across 40 states


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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