QuantumScape advanced its solid-state lithium-metal battery technology with full Eagle Line startup and key customer engagements, maintaining its strategic focus on automotive and new market applications amidst ongoing operational investments.
- Completed installation and startup of the Eagle Line, beginning initial QSE-5 cell production with plans to scale support for automotive and other sectors in Q2.
- Progressed in automotive partnerships, including joint development with top OEMs and successful technology evaluation with a major vehicle manufacturer.
- First customer billings from ecosystem alliances with Murata and Corning highlight increasing commercialization momentum.
- Exploring high-growth markets such as AI data centers and defense sector applications, leveraging safety, energy density, and supply chain advantages of the battery design.
- Q1 operating expenses totaled $109.2M with an EBITDA loss of $63.2M; full-year EBITDA loss guidance remains between $250M–$275M.
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