According to media reports, recently, QuantumScape, a solid-state battery company invested by Bill Gates, is going public through a SPAC (special purpose acquisition company) through a merger with Kensington Capital.
It is understood that QuantumScape will hold a special meeting of shareholders on November 25, 2020 to approve the business merger proposal.
If the business combination is approved, the combined company's stock will be listed on the New York Stock Exchange under the ticker symbol -QS.
About QuantumScape
QuantumScape is a new company founded in San Jose, USA in 2010 by former researchers from Stanford University. It is mainly engaged in the research and development of solid-state batteries and has numerous solid-state battery technology patents and patent applications.
QuantumScape uses an anode-free battery design that eliminates anode manufacturing costs, making the battery cost 17% lower than traditional lithium-ion batteries . The company has also developed a simplified raw material procurement process for scalable and cost-effective battery manufacturing.
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