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

kensington-quantumscape

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

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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