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UPDATE: Kensington Capital Acquisition Corp. (KCAC) to Combine with QuantumScape

kensington-quantumscape

UPDATE: Kensington Capital Acquisition Corp. (KCAC) to Combine with QuantumScape

Sep 3, 2020 INTEL by Nicholas Alan Clayton

Kensington Capital Acquisition Corp. (KCAC) announced this morning it has agreed to merge with automotive battery maker QuantumScape in a deal that would give the combined company an enterprise value of $3.3 billion. San Jose-based QuantumScape plans to launch a joint venture manufacturing facility with Volkswagen (DE:VOWG) to produce solid-state battery cells for its electric
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ByNicholas Alan Clayton