Automakers

VW invests extra $200M in U.S. battery company

(Aly Song/REUTERS)
TS
By:
Thomas Seythal
R
By:
Reuters
|
June 16, 2020 10:53 AM

BERLIN -- Volkswagen Group is increasing its stake in U.S. company QuantumScape by up to $200 million to boost the development of solid-state battery technology that aims to increase the ranges of electric cars and shorten charging times, the automaker said in a statement on Tuesday.

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