Multilayer Progress

Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws and information based on management's current expectations as of the date of this presentation. All statements other than statements of historical fact contained in this presentation, including statements regarding QuantumScape's future development of its battery technology, the business strategy, addressable market, anticipated benefits of its technologies, and performance of its batteries, plans and objectives for future operations and products are forward-looking statements. When used in this presentation, the words "may," "will," "estimate," "expect," "plan," "believe," "potential,” “predict," "target," "should," "would," "could," "continue, "can," "project," "intend," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations, assumptions, hopes, beliefs, intentions and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Many of these factors are outside QuantumScape's control and are difficult to predict. Factors that may cause such differences include, but are not limited to ones listed here. QuantumScape faces significant barriers in its attempts to produce a solid-state battery cell and may not be able to successfully develop its solid-state battery cell. Building high volumes of multilayer cells in commercially relevant area and with higher layer count requires substantial development effort. QuantumScape could encounter significant delays and/or technical challenges in replicating the performance seen in its single-layer and early multilayer cells, in achieving the high quality, consistency and throughput required for commercial production and sale, and in developing a cell architecture that meets all the technical requirements and be produced at low cost. QuantumScape has encountered delays and other obstacles in acquiring, installing and operating new manufacturing equipment for automated and/or continuous-flow processes, including vendor delays and other supply chain disruptions and challenges optimizing complex manufacturing processes. Quantum Scape may encounter delays in hiring the engineers it needs to expand its development and production efforts, delays in building out QS-0, and delays caused by the COVID-19 pandemic. Delays in increasing production of engineering samples have slowed QuantumScape's development efforts. These or other sources of delay could delay our delivery of A- samples and B-samples. Delays or difficulties in meeting technical milestones could cause prospective customers and joint venture partners not to purchase cells from our pre-production line or not to proceed with a manufacturing joint venture. QuantumScape may be unable to adequately control the costs associated with its operations and the components necessary to build its solid-state battery cells at competitive prices. QuantumScape's spending may be higher than currently anticipated. QuantumScape may not be successful in competing in the battery market industry or establishing and maintaining confidence in its long-term business prospects among current and future partners and customers. QuantumScape is at an early stage of testing its battery technology for use in consumer electronics applications and may discover technical or other hurdles that impede its ability to serve that market. QuantumScape cautions that the foregoing list of factors is not exclusive. Quantum Scape cautions readers not to place undue reliance upon any forward- looking statements, which speak only as of the date made. This presentation also contains forward-looking statements with respect to forecasted estimates of cell-level energy and power density, active materials cost, and cost implications of inactive materials. Such forward-looking statements are for illustrative purposes only and should not be relied upon as necessarily being indicative of or predictive of actual future results. The assumptions and estimates underlying such statements are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in such statements. Actual results may differ materially from the results contemplated by the forward-looking statements contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a representation by any person that the results reflected in such forward-looking statements will be achieved. Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements. Should underlying assumptions prove incorrect, actual results could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that could materially affect QuantumScape's actual results can be found in QuantumScape's periodic filings with the SEC. QuantumScape's SEC filings are available publicly on the SEC's website at www.sec.gov. Contact QuantumScape investor relations: [email protected] QuantumScapeⓇ 2

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