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.Read More