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

kensington-quantumscape

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

Kensington Capital Acquisition Corp. (KCAC) has agreed to merge with battery maker QuantumScape in a deal that would value the combined company at $3.3 billion, according to Reuters. San Jose-based QuantumScape plans to launch a joint venture with Volkswagen (DE:VOWG) to produce solid-state battery cells for its electric vehicles in 2024, according to the report.
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