Quantumscape CEO on going public and why his battery technology will change the EV market
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- čas přidán 28. 11. 2020
- Quantumscape CEO Jagddep Singh discusses going public through a SPAC deal and his company's battery technology for electric vehicles.
#QuantumscapeCEO #electricbatteries #EVbatterytechnology
This segment originally aired on November 24, 2020.
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If it's 2019, a company with no revenue and won't see production in 4 years will not earn a cent in public funding. I'm not excited about these SPAC offerings which place all the risk to unsuspecting retail investors. What makes it worse are channels like Yahoo who don't spend a minute talking about the risks when they do so non stop while covering Tesla.
The nikola of the battery spac tie ups, it's all downhill from here. 😂
Agree
Why are you complaining? It is up to the individual investor to do due diligence before committing capital!
@@FJUH The fact that we all need to do our homework doesn't excuse the content creators to not do theirs. If any CZcamsrs want to get paid producing content, that profit better comes with the least bit of effort to benefit the viewer rather than being harmful.
very well and accurately put;
it's almost like "the more its hyped, the more scary warey you have to be"; also why on the other side or the coin does a company with hundreds of thousands of products on the road in consumers hands get years of ongoing consistent negative publicity ???
something fishy with Yahoo and all the other hyper hyped;
You don't want to be holding the next Nikola ........................
Multiple companies will have over time the solid state battery technology, time to market will make the difference!
What ever happened to the Graphene batteries that were right around the corner?
They're still around the corner.
the corner just hasn't been built yet
turns out a single-atom layer of graphene just snaps right in half when it interacts with a corner.
Don't be so naive as to believe that an announcement of lab results for a cell tech means that cell can go into mass production overnight. What is true is that battery tech is jumping forward by leaps and bounds. It's a matter of nailing down the best tech that increases cell capabilities while reducing costs, while trying to avoid getting destroyed by the next big tech that hits the market. This QS cell doesn't dominate all Li-ion battery metrics, but it certainly improves on many.
Scotty Palmer omg graphene DON’T STOCK ENERGY, it is a medium for electron transportation , a very good conductor but not for storage!
This company is still very much in Venture Capital territory. Yet, they go public with a US$3.3 billion valuation... This is all made possible by the money printing and zero interest rate policy of the Fed: free money looking for an ROI.
Your Point hold alot of value...
The hype is real. This stock will cool down very soon. In five years, most battery manufacturers already established in the market, such as Tesla and Romeo Power, will innovate and get ahead of this.
toyota already ahs such battery and will make in 2025 deliveries of SSBattery...this comapny is planning anyting to have in 2027...late to the game
So Toyota will beat Tesla?
Romeo power ceo yesterday on cnbc said they are not a competition to QS. Romeo is not competition to any battery company , they don't have battery product what they do us provide packaging of third party batteries and make a ready to use product for the auto manufacturer
The thing is that this is a field that is going to keep evolving, so tomorrow there might be a new battery tech that is even better. But on top of that this new tech is probably going to be a lot more costly than Lithium Ion for a while, it's why manufacturers have been pumping out so many batteries to drive the cost down.
Talga Group & Novonix are wayyyy further along than Quantumsphere in battery technology with working products and are valued at $400m... My opinion is QS extremely hyped, technology not ready yet, and will be VERY expensive to include in a consumer EV - this is going to take time to bring costs down. Best of luck to the QS team and look forward to more innovation in this space!
This is actually amazing, we will literally have batteries in this decade that'll give us 300+ miles with under a 10 minute charge
Very fascinating of course, I bet on Amprius.
@linkzable batteries might be capable, but it will take time for the infrastructure to catch up
300 mile cars are already on the road and 10 minute charge would require 500kW charger. So unless they also manage to make it cheaper then today´s li-ons, this is very much overhyped.
I'm liking the idea behind the forever battery. What's your guys thought on that?
What is the output discharge is it better more torque?
Battery tech is a really exciting topic to keep track of. Will be seeing massive progress there sooner than we think
exactly, watch making batteries on CZcams, happening as we speak
This tech has not been verified by any outside scientists, but hey......here we are going public, in the most hyped stock sector.
thats what the virtual meeting will be about on december 7 or 9th i believe. they are going to show proof of concept
@@richardt6980 didn't Tesla show proof of concept? I believe Tesla was on iteration 4 or 5 expecting manufacturing level repeatability in iteration 7-9.
He pronounced "comparable" correctly. I'm sold.
I like the company and their technology, but there current valuation is 23 billion and a product won't arrive until 2025 and investors aren't known for their patience. I may buy some share if the price drops substantially.
they waited 20 yrs for amazon to be profitable. they waited 8 yrs for tesla to be profitable. if this works its way bigger than tesla now. they can apply this to mobile phones alone its worth more than tesla. one of the smartest and richest in history bill gates richest backs it. its a go. buy a leap
How did that work out for you lol. Just joking they really popped
@@brandonhitchings8540 Counting after hours it's up over 40% in one day! I couldn't find any reason for the price increase. Pretty crazy, I am still just going to watch from the sideline, lol.
@@kevcrid I bought 30 shares at $60 I don't even remember why then purchased 20 more today. I'm up$2000. I put a trailing stop loss on it. Im with you I can't find any reason for the movement. But I'll ride the wave. Man is this going to crash hard
@@ThaRealERAQ Tell me about the mathematical process you used here. If they apply this to mobile phones, it still won't be worth more than Tesla. And remember, each year you wait for this company to mature gives its competitors (and there are and will be many) that much more time to develop equally good products.
The specs seem super underwhelming
I disagree. The specs are incredibly impressive. It's just that this product doesn't really exist in a usable form; at least not yet.
The question is the cost of this battery. If I'm Tesla it may not be in my budget to use a more expensive battery if the one I manufacture is good enough and cost effective...
If my product take 5 years to complete, I would prefer to stay in stealth mode and this guy going public. Damn
he's drumming up noise to get investors, if he gets media to hype up his company, he's gonna get a lot of money flowing in.
He knows it's a race. He's trying to get money to beat everyone else to market. He's just disrupted the industry because not long ago Elon said solid state batteries were impossible. That makes this the best time to go public.
What’s the cost for recycling these batteries once they’re old? Fiscal and environmental?
cheaper to recycle and undoubtedly cleaner as well. Just from a first glance from an engineering perspective
GXDSPEED this SSBs doesn’t have anode, cathode are the same of the conventional Li-ion and they claim their ceramic separator is highly recyclable , so this batteries will be more easy recyclable than conventional battery
@@mauroscimone8584 The problem is how to mass manufacture the ceramic into the battery. Its always been the issue with SSB. Its like trying to wrap your finger in potato chips.
They are edible
Shhhhhhhh!
It's very interesting technology much needed. I don't think he properly answered the penultimate question fully. Part of the question was should investors be concerned about rival companies developing similar technologies and he didn't address that at all.
Toyota has this tech solid state Floride based tested and working already and will have prototype out next year
Five years ago Tesla was around $190/Share. In a five year period, the stock has had a 4:1 split and is now around $650/share. So if someone bought 500 shares five years ago, the cost would have been around $95,000. Today, they would own 2,000 shares with a value of $1.3 million. Of course these investments are risky. But high risk and high reward. Everybody has their own risk tolerance.
when technology are not mature, some company try to get nice presentation and go public, never focus to resolve the real issue... im hoping this is not the same case
publicity and money then work...not the way
See on CZcams:
Volkswagen I.D.R
(1,65 sec-100 km/h)
F1 winner, all of racecars were knocked out.
They invested in Quantumscape
Saic a Chinese state own & the largest automobile manufacturer
is also a big invester in QS.
Exploring more and more
This SSBs arr better than 4680 Tesla cells because this don’t have anode, lithium simply is deposit in situ when charging and stripping when discharging; so will cost less, more safer, more temperature tolerant, faster charging, more energy dense and so on
This is excellent to hear about.
I’m almost all in
3 words: *Vampiric Power loss.* how much power does it loses while idle.
Yikes
@@louiscyfear878 I dont know, u tell us, sir.
@@someguy007 Vampiric power loss is also a cold weather problem 😕.
I wonder who's gonna be the lucky costumer to make a _"Stranded in a Blizzard"_ video.
When promises are too good to be true, they usually are....
He should hurry up
I wonder why they never went with Algae as a biofuel instead. I think it would pull out CO2 from the atmosphere and be stored as fuel till its burned. Basically carbon neutral, but a way to capture co2 as well. It would also utilize the existing infrastructure..
Wow
i bet in few days somebody will make video called: tesla killer battery is coming 🤣🤣
Acdc
Cashing the chips Mr Singh before bubble burst
This is so exciting! I am so inspired by the incredible energy innovation going on in the world. Hats off to you and your team! Look forward to your IPO.
Look at the specs before..they seem...underwhelming
This CEO said current battery price is about $100 kw/hr but he didn't say what his solid state batteries will come out at? My info leads me to believe the Solid State will struggle to meet $100.
this is so cool
have you heard of fusion? lol, the cornerstone of a working practical technology is you sell it to the world and you or somebody will improve and sell a better product then it goes on... it should be called for now .. a quantumstate battery I think..
Write his name right, please.
Wow excellent, let's wait another 10 years
First we had Elisabeth Holmes then we had Trevor Milton and now Jagdeep Singh. Third's a charm?
next will be Lars Lover overpromising jk
@@3nityC over overpromising the Disrupted Three would be a feat. Especially To out Elon Elon Trevor
I think they are completely different. Milton was an idiot and fraud with absolutely no technical background. Jagdeep has studies computer science, has bill gates backing him, and unlike Milton, doesn't have his uneducated brother in law as the Assistant VP. Milton was a fraud from the beginning. Volkswagon and Bill Gates aren't stupid.
Hopefully it doesnt sell off
Cool
Red flags all over the place
Can you specify some issues in the technological side? I understand that going public without having any real public products is kinda shady. And I won't propose anyone buy the share. However their technology side is quite well published and have good reviews.
@@falconeagle3655 Solid state research can be fabricated to show results. But wont work under normal conditions
Was it just me or did he not really answer any of the questions? He avoided the cost and charging speed questions.
Tesla sheep detected. He answered both questions.
@ZINDAO liking your own comment
I don't care about Tesla but I noticed too that he was just talking fast, but did not answer the questions. Watch the video again. Just because he is talking , doesn't mean he is answering. Like a politician.
@ZINDAO liking your own comment is a sign of weakness
This is Nicola Motors all over again not quite such a con but it’s all front of house talk where is the factory I say that again where is the factory
Elon Musk can sleep safely
If quantumscape is the only thing he needs to worry about then yes
I am shure he will be proud if some one else comeup will cutting-edge technology .
Elon said solid state batteries were impossible like a week before qs announced they had one. I'm sure he's freaking out. He's probably already tried to acquire them and will probably keep trying to. That would be the smart business move. There might end up being only 1 way to make a solid state battery and that would leave qs with a patent monopoly.
@@alexhurt7919 I simply doubt this is a real technology. Their presentation is clearly tweaked to make their product look better than it really is, using old data from competitors. Tesla's new batteries are already better than this. I repeat: Elon Musk can sleep safely
@@marcopederzoli4939 they just invented a solid state battery. It's the first one ever. If you think this is the Pinnacle of the technology you're mistaken. They clearly have some very clever people on their team, since Elon said what they've done is impossible, I'm certain it will only get better from here.
Just by being solid state it's already matching the top of the market of other batteries. Just based on how batteries work a solid state battery will have a longer lifespan than liquid electrolyte batteries. By volume and by weight it's just superior. The next thing that's going to happen is big car manufacturers licensing the qs battery for their cars. Because of the smaller size they won't have to change their current cars at all, they can just replace the batteries. I'd be surprised if QS even manufactures a single car.
I understand Elon musk and Tesla have a cult following, and for good reason, but you're asleep if you think this isn't an industry disrupting technology. The only response from Elon that will let him sleep easy is if he makes his own solid state battery. Otherwise he will have to buy the QS battery. Even if they had they same efficiency the solid state would still be superior based on manufacturing costs alone.
I am going to sleep for five year,...and when I wake up 5 years from now, could someone respond to this message..let me know what really happened?
i'm gonna leave this comment here so it stays in my comment history.
Commenting for the same reason as @damebuster
Same
@@Audittheauditors2 lol
Same
Doubtful that battery tech will be one winner-take all so early on if ever. There will be room, as there is now, for the most competitive designs, technologies, manufacturing and business models because the EV market is growing at a geometric rate at this stage and will be for some time to come. No doubt there will be more attempts than there are successes and some companies will fall by the wayside along the way even after a successful launch.
5:56 "minimum range of 350 miles per hour". Getting a bit carried away there, eh? I'm sure he meant to say "350 miles per charge".
In any case, it seems as though the features and benefits may help put EVs on par with ICVs, but does the manufacturing technology also have the same environmental drawbacks as other batteries? What about mining the materials and the possible toxic byproducts of manufacturing the batteries? How does it stack up in that respect?
I do see that packaging may be safer, as there would be no liquid to leak out upon puncturing, but would a puncture now cause an even more serious short with resulting high heat meltdown?
Obviously, not being well-versed on this concept/product, I'm asking questions the general (and investing public) would want and need to know before going all in.
SSHD
Solid state batteries don't use toxic materials to the environment such as organic electrolytes, so they're more environmentally friendly.
And battery fires happen when the electrode inadvertantly touches the electrolyte liquid, which then combusts. Solid state batteries don't have this liquid. Another form of failure is thermal runaway, and solid state batteries shine again. Solid state batteries suffer 70-80% less thermal runaway than today's batteries
This batteries are safer than conventional and the ceramic separator is highly recyclable
2025 called and said hurry up with those batteries.
can anybody tell me its ticket symbol please
Qs
Thank you, happy holidays.
From what I hear QS is far away from commercialization
You realize they own the patients on everything they do unless they can make the same thing from scratch.... or he allows them to use it under a license agreement
Who’s they ? I’m lost
Sir we feel proud to you as an indian...
@jomax clux I know sir..... But as a citizen as a country origin I expressed my thoughts.
👍
Does anybody knows if they have a patent/s on the technology,
I assume that they do?
I think they do
200+ patents plus trade secrets.
the patent isnt the issue. The issue is they're still working on their technology and wont be available until 2025. And they're only building a small run in 2025, wont hit full production until 2028. lol no thank you, in 8 years is a lifetime in technology and anything can happen til then. This speculative stock should be worth pennies or $1 -2 max.
What's the stock price/ticker symbol?
QS
I would say, why do they need to go public right now? What the hurry, when you don't even have a finished product yet?
There are two companies that are promising on battery technology. This company is not one of them.
Didn't realize he was a sikh until rn. Don't see that too often.
and indian
That should have nothing to do with anything -- it's about the talent, technology, and implementation.
@@biohazard747 aren't all Sikhs Punjabi and therefore Indian by default?
@@biohazard747 pretty much most tech ceos are Indian
@@_EyeOfTheTiger I don't know if that's true. I'd imagine they're probably even underrepresented based on their percent of the global population. Even so I doubt many of them are Sikhs.
TSM baby🤑
QS went from $30 to $90 in a month WTF
And now from 130 to 30😀😀
Thinking of an IPO when they don’t even have a product.
I doubt they even have the machines to build anything ether.
Look Duracell couldn’t do it, what makes you think these clowns can
I’m in.
If this is the same Jagddep Singh who helped start Infinera then I suggest all shareholders truly understand the competitive advantage of this company. Personally, I am not an investor.
Solid state is still unproven. This could happen but it could take decades. It reminds me of Ballard power. A good company involved with hydrogen power. It is now going up but you would need hands of steel to hold onto it.
Wayne T no they tested a 70 mm x 85 mm cells, so close to the commercial size and format
@@mauroscimone8584 I see your point and I have looked into them a little more and it appears to a very impressive breakthrough. . As an investment, anything could happen. Maybe not decades wait as i said, but quite a long time. It is certainly one to watch.
Why no product til 2025? That’s an eternity.
Keep in mind they’re targeting an good price price. Lower cost solid state in. 2025 sounds soon
All these SPACs sell an idea. The leadership gets rich off of stock, retailers are left holding the bag 5 years from now and then the leadership moves on to their next venture.
I’m not convinced. Especially the cost to produce one and the lastly of the battery. However I did like the ideas of being fully changed in 15 minutes. It sounds like the battery is not ready till 2025. That’s a long time before your return in the initial investment.
Stock markets are forward looking. Plenty of patient capital out there willing to sit and wait for this bet to come home. If you wait till it's obvious you're too late to make any real money.
@@slash196 If they'd have something apart from theoretical background or a small lab experiment, they'd show it. A prototype. Something. But sure, throw your money down the drain, mate.
Atlis EV have their battery recharge down to less than 15 mins.
Has any third party confirmed it? I don’t Atlis at their own word.
@@ACGBLR not that I know of, just going by the latest investor video they have out.
No mention of why solid-state batteries aren't being mass-produced today. No mention of direct competitors, or proprietary IP. Anyone who made investment decisions based on an interview like this one would be proving Barnum correct.
Why not do this on cellphone first to start right away..in cars it will take long
Seems like they should make you CEO
'Electric' is not the battery it is the electric motor. Batteries have many challenges -- particularly in cost to mass ratios; supply chain complexities and commodity price changes. Hydrogen fuel cells offer lower cost to mass; lower risk and cost supply chains. H2 infrastructure also scales cheaper than recharging stations (see Julich report from Germany in 2018). BEVs will grow but this is a multi long transition. Fuel-based EVs are part of that mix. Look at Tier 1 OEM suppliers (e.g. Plastic Omninum) -- and they are all signaling fuel cell plus battery is cheapest most scalable 'electric' platform. Why build a car with battery stack for 400 miles when I can put a smaller lighter cheaper fuel cell and never have to worry about range. BEVs are fine for suburban people who can plug in at home -- 30% of market. These people talk 'charge time' but that is really 'grid balancing' -- they aren't utility operators. Electrons are terribly expensive to ramp up. H2 is stored energy. Cheaper. No need to balance grid.
Oh wow, yet another super battery invention 😉😂. I go back to sleep 😂
Yahoo finance: as dumb as it sounds!
If cos like QS r gonna survive they need some hype. Its like old dot com boom days some cos will survive and become big. But others will fall out. If Toyota has solid state battery superiority then surely VW and others will want too. So they will buy up these cos. And the investors will get rich.
cost are more correlated to volume production than density, this will be used for aircraft where density matters, tesla will win the auto market because of brute force production scale early mover advantage their energy density is good enough
Solid-state is unproven; fools gold. Might work in 10 years. Good luck. Avoid the kool-aid.
Sardar brain 🧠.. it reminds another fisker 2 years back .. Hopeless
Toyota, among others, have committed large chunks of capital and man power to solid state. There is potential and that is where investors could win!
@@AnilKumar-xw5bs And where's your battery, genius? Oh that's right, just a keyboard warrior full of dog-sh*t.
@@AnilKumar-xw5bs he is American. You twisted nube.
The faulty premise is that you can win by just being a battery maker. Nope.
@M X The ARM of batteries.
You won't see any Indians investing in this company. They see him coming from a mile away.
I should have known that, fac
Take my money!
NIO doesn't care! Their cars can go from zero to fully charged in 3 minutes
Nio doesn't go from 0 to fully charged in 3 minutes, they still take many hours to charge. YOU GET TO SWAP the battery for an ALREADY charged one in 3 minutes. BIG DIFERENCE.
No tech details at all. Just advertising for his stock.
Anyone can make just 1. Many can make a few. A few can make mass.
Potential returns given scarcity will attract entrants, but economies of scale and scope mean there will be a shakeout. Likely only a few entrants will survive. Plus, raw materials are a constraint. Contracts with mining and processing companies critical. High risk.
Why not just buy more TSLA?
because TLSA is overpriced.
@@MrChiangching But if the whole world will transistion to EVand if Tesla will lead the market.. you do the maths
@@larslover6559 I did, Tesla is overpriced.
5 years? Tesla has nothing to worry about, they might have something by that time.
The strategy for going public doesn't make sense.. Why?? Funding seems one, but that can't be the only reason. Going public too early in my opinion.
👌🏾🙏🏽
Altair nanotechnology. What happened to that battery? ? ? ? ? ?
I PUT MONEY IN!!!!!!!!!!!!!
Just show us the battery , i am totaly fed up with ceo`s blabbing on about something they havent got . Theranos killed all that !
I bet its a scam
The way he talks you can tell he has a technical background
you want may money just ask don't steel it like bill
Battery only good for -22F, that’s a problem for me.
@@quickmaths1267 -40 here, so I should probably stick to gas power.
Oh yeah? How about you show us a car -- just one car, any car -- running with a prototype of your solid-state battery?
They will be ready only in 2025.
go EV
Fuel cell are better.
But why until 2025!!!!
one of my bad investment
When they can get out of the lab and scale their production with reliable cells to gigawatts per year then let's talk.
Prob wont hear anything from them