A freshly signed letter of intent between the Australian mining company Infinity Lithium and LG Energy Solution provides for the commodities group to supply the South Korean battery manufacturer with battery-grade lithium hydroxide from its Spanish project in San Jose for at least five years.
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Solid-state battery specialist QuantumScape plans to issue 13 million new shares. The expected proceeds of $859 million are to be invested in the company’s planned pilot plant and in the joint venture with Volkswagen. In connection with the joint venture, there is also talk of a second pilot plant.
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The solid-state battery specialist and Volkswagen partner QuantumScape has announced in the context of the announcement of its business figures that it will build a pilot plant in San José, California. Called QS-0, the plant is expected to be capable of producing over 100,000 units of solid-state cells per year.
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