QuantumScape Battery Technology Advancement slide image

QuantumScape Battery Technology Advancement

Customer Relationships Contracted with 6 automotive OEMs* for cells out of QS-0 • Volkswagen Group 2nd Top-10 OEM 3rd Top-10 OEM 2 established global luxury OEMs ⚫ Pure-play EV company Signed agreement with Fluence, a leader in stationary energy storage systems, for cells out of QS-0 Engaged with leading global consumer electronics companies QuantumScape & Volkswagen Group • Partnership since 2012 Representation on the QS board of directors Formed 50/50 JV to accelerate commercialization of QS' solid-state batteries, with capacity ramping to 21 GWh/yr Close collaboration with VW Battery Center of Excellence VW has tested multiple generations of QS cells and has publicly validated performance at automotive power levels Non-exclusive: VW has first priority to cells, but QS allowed to explore commercial opportunities with other partners QuantumScape® Select Brands PORSCHE Audi B BENTLEY MANI ŠKODA "[Solid-state] is the end game for lithium-ion battery cells." - Frank Blome, (former) Head of Battery Cell and System, Volkswagen Group Components (VW Battery Day, 2021) Current CEO of VW's PowerCo *See www.ir.quantumscape.com/sec-filings for further details 22 22
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