Multilayer Progress

Customer Relationships Contracted with 6 auto 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 • Engaged with leading global consumer electronics companies QuantumScape & Volkswagen Group Close collaboration and 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 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, CEO of VW's PowerCo (VW Battery Day, 2021) *See www.ir.quantumscape.com/sec-filings for further details 23 23

View entire presentation