Slide 1: Next-Generation Solid-State Batteries
N E X T- G E N E R AT I O N S O L I D - S TAT E B AT T E R I E S December, 2020 Originally Published: December 8, 2020 Updated: January 7, 2021 (noted on slides)
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws and information based on management’s current expectations as of the date of this presentation. All statements other than statements of historical fact contained in this
Slide 3: Agenda
Agenda QuantumScape Jagdeep Singh, CEO Overview and Results Battery Science Panel Dr. David Danielson (Moderator) • Dr. Stanley Whittingham • Dr. Paul Albertus • Dr. Venkat Viswanathan • Dr. Tim Holme Commercial Impact on Dr. David Danielson (Moderator) EVs Panel • Dr. Jurgen Leohold • JB Straubel Q
Slide 4: Management Team
Management Team Select Management Team Members JAGDEEP SINGH PROF. FRITZ PRINZ DR. TIM HOLME DR. MOHIT SINGH Founder / CEO Founder & Chief Scientific Founder & Chief Chief Development (Chairman) Advisor (Board Member) Technology Officer Officer ● Founder / CEO Infinera (NASDAQ: ● Chair, Mechanical E
Slide 5: Backed by Leading Investors
KENSINGTON CAPITAL ACQUISITION CORP JOHN DOERR JB STRAUBEL JUSTIN MIRRO • Management and board with extensive public company experience and operating capabilities in the automotive and automotive-related sector • Relevant automotive experience to optimize program launches and capital deployment whil
Slide 6: By the Numbers
>$1.5B of Committed Capital¹ Over $300M spent on development to date 10 Years of R&D Investment Founded in 2010 250+ Employees By the World Class Next-gen Battery Development Team Numbers 200+ Patents² Materials, Use and Process Extensive Trade Secrets Processes and Intellectual Property 1. Prior to
Slide 7: Volkswagen Committed to QuantumScape Technology
Volkswagen Committed to QuantumScape Technology Volkswagen Group Overview “Volkswagen has become the largest shareholder of QuantumScape. Our US$100 million investment is a key building block in the Group’s battery strategy. One of the • ~11 million vehicles produced in FY2019 long-term targets is t
Slide 8: Need battery breakthrough to enable electrification of remaining 98% of market
Need battery breakthrough to enable electrification of remaining 98% of market Customer Requirements for Mass Market Adoption Energy / Capacity >300 mile range Fast Charging Charge in <15 min Cost < $30K, 300 mile EVs Battery Lifetime >12 years, >150k miles Safety Solid, non-oxidizable 2% PHEV + BEV
Slide 9: Lithium-Metal Anode is Required for High Energy Density
Lithium-Metal Anode is Required for High Energy Density And Lithium metal anode requires a solid-state separator 600 Lithium-Metal Lithium-Metal Anode Required Key Takeaways Modeled Cell Energy Density (Wh/kg) Anode 500 Lithium-Metal Batteries Lithium-metal anode 400 necessary to achieve high energy
Slide 10: QuantumScape Zero Li Anode-free Architecture
QuantumScape Zero Li Anode-free Architecture Improved cost, energy density, safety Conventional Liquid Battery QuantumScape Solid-State Battery Anode Current Collector Graphite / Silicon Anode Discharged Charged (as manufactured) Anode Current Collector Liquid Electrolyte Lithium Metal Anode 3 1 Lit
Slide 11: QuantumScape Energy Density
QuantumScape Energy Density Energy-optimized Cell Designs NCA or Ni-rich NMC + Silicon / Carbon Anode NCA3 NMC2 LFP1 Source: Argonne National Laboratory; Management estimates 11 1 Lithium, iron, and phosphate 2 Nickel, manganese, and cobalt 3 Nickel, cobalt, and aluminum
Slide 12: Lithium metal architecture addresses multiple requirements simultaneously
Significantly increases volumetric and Energy gravimetric energy density by eliminating graphite/silicon anode host material. Enables <15-minute fast charge (0 to 80%) Fast Charge by eliminating lithium diffusion bottleneck in anode host material. Lithium metal Increased life by eliminating capacity
Slide 13: Previous Attempts Have Been Unsuccessful
Previous Attempts Have Been Unsuccessful Lithium Metal Anode X = challenge Organics Inorganics Additives / Protected Phosphates & LiPON, Separator Requirements Ionic liquids Layer Gel Polymer Sulfides Perovskites Garnets borohydrides 1 Conductivity X X X 2 Separator-Anode ASR X X X X X 3 Lithium met
Slide 14: Video: Why has it been so challenging to develop solid-state batteries
‘Ss Why has it been so challenging to develop Solid-State Video A\ 4 A Batteries |
Slide 15: Existing separators only work under limited conditions
Low Current Density while Charging • Low Cathode Loading or Low C-rate Slow Charge Low Cycle Life Life • < 800 cycles Existing separators only work under Limited Temperature Range Cost • Elevated only Complexity severely compromised conditions Requires Excess Lithium Low Energy 15
Slide 16: QuantumScape Material & Cell
QuantumScape Material & Cell C E R A M I C S O L I D - S TAT E S E PA R AT O R S I N G L E L AY E R P O U C H C E L L 16
Slide 17: Fast Charging
Fast Charging Fast Charging 100 <15 min 80% Charge QS 90 Commercial target Fast charge capability 80 exceeds commercial targets with commercial area single 70 State of charge [%] layer prototype 60 ~40 min 80% Charge C/Si anode, Li-Ion 80% Charge in 15 minutes. 50 Lithium Ion batteries currently 40
Slide 18: Dendrite Resistance
Material Performance: Extreme high rate lithium plating Dendrite Resistance Material entitlement exists for Li/Li symmetric cell 2-min charge full charge in <5 min Single Layer 25C rate 45 °C >100mA/cm2 Current density [mA/cm2] Solid-state separator resists Voltage [V] dendrites even at very high cu
Slide 19: OEM Track Cycle Power
OEM Track Cycle Power Current density (mA/cm2) Passed simulated OEM- specified track cycle with commercial area prototype QS solid state cells can 10 20 30 40 50 60 70 deliver aggressive Time (s) automotive power profiles 100 Discharge Energy [%] 80 Li-ion 60 C/Si anode 40 Commercial area (70x85mm)
Slide 20: Cycle Life
Cycle Life Battery Life Exceeds commercial target 100 with commercial area single layer prototype 80 Commercial target: Discharge energy [%] Cycling with >80% energy EV Battery Warranties 800 cycles, 80% fade Today1 retention in 1000+ cycles 60 (240,000 miles) Chart based on accelerated 40 testing (
Slide 21: Low Temperature Operation
Material Performance: Extreme low temperature operation Low Temp Operability shown at lower 4.5 end of automotive 4 temperature range with single 3.5 layer prototype (30 x 30 mm) 3 Voltage [V] Significant capacity is 2.5 accessible even at C/Si anode -30 °C -20 °C -10 °C 0 °C 2 -30° Celsius Li-ion 1
Slide 22: Cell Performance: Low Temp Life
Cell Performance: Low temperature life Low Temp Cycling with commercial area single layer prototype at low temperature (-10° Celsius) Note: cells still on test Commercial area (70x85mm) prototype Li-free, 3.2mAh/cm2, Single Layer C/5 charge and C/3 discharge -10 °C, ~3.4 atm, 100% depth of discharge
Slide 23: Thermal Stability
Material Performance: Inherent stability with metallic lithium Thermal Stability Solid state separator is not combustible and has high 2mW/mg thermal stability Lithium anode is chemically stable with separator and foil, even when molten Based on solid-state separator material testing Unlike a liquid
Slide 24: A message from Volkswagen
A message from Volkswagen Dr. Frank Blome Head of the Battery Center of Excellence of Volkswagen AG 24
Slide 25: Previous Lithium Metal Cells Have Been Commercially Unsuccessful
Previous Lithium Metal Cells Have Been Commercially Unsuccessful Lithium Metal Anode Organics Inorganics Sulfides Performance Requirements Liquids Polymers I II Oxides Performance Implication 1 Charge rate X X X X 4C fast charge Fast charge 2 Cycle life X X X >800 cycles Vehicle life & cost of o
Slide 26: Today's Panel Discussions
Moderator Today’s Panel Discussions Battery Science Panel Dr. David Danielson ● Managing Director, Breakthrough Energy Ventures Dr. Stanley Whittingham Dr. Paul Albertus Dr. Venkat Viswanathan Dr. Tim Holme ● Precourt Energy Scholar, Stanford ● Co-Inventor of the Lithium-Ion Battery ● Former head, U
Slide 27: Come join our team
Come join our team www.quantumscape.com