QuantumScape's wholly owned subsidiary QS signed an amendment to its collaboration agreement with PowerCo, the Volkswagen Group's battery cell company, on July 16, 2026. The revised deal swaps the previous cost-reimbursement structure for milestone-based payments, with the new milestones focused on automotive cell development, larger-format cells, and the company's future technology roadmap. QS stands to receive up to $75.4 million in total from PowerCo over the next two years, including amounts already paid.
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