8 December 2014

VW reported to buy battery stake

Volkswagen is reported to be upping its bet on electric vehicles by buying a stake in a battery development company that hopes it will triple the range of current batteries in automotive EV use, writes Brian Byrne.

Though VW has refused to comment on the speculation that it has bought a shareholding in QuantumScape through its US subsidiary, the respected industry magazine Automotive News Europe quotes reliable sources for the report.

QuantumScape is working on solid state batteries which could provide safer power sources as well as much extended range, up to 700km for an e-Golf using the Stanford University startup's technology.

There have been fire scares with the liquid electrolyte lithium-ion battery systems currently in use by some electric cars.