It’s a powerful combination — the future of transportation and the future of going public. The company is QuantumScape, which develops and supplies solid state batteries for electric vehicles. I even put together a Solid State Battery Portfolio for my Investment Opportunities subscribers that’s up nearly 100% since I introduced it in January 2019. Camera Batteries. Search for other Batteries-Storage-Wholesale & Manufacturers in … Alkaline Batteries. This Bill Gates-Backed Company Is Making Big Waves in the Battery World, And solid state batteries look to be the big winner in this space, Click here to see what Matt has up his sleeve now, Direct Shipping Gives You Another Reason to Stick With Apple Stock, Louis Navellier and the InvestorPlace Research Staff, What Square’s $50 Million Bitcoin Investment Means for You, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Hot Stocks Offering Triple the Upside Now, Here’s How To Play Apple Stock Following Tuesday’s iPhone 12 Event, The Revival in Luckin Coffee Could Score You 1,000% Gains. Click here to see what Matt has up his sleeve now. New Testament Baptist Church Loganville GA, First Baptist Church of Jackson Massillon OH, Faircloth Well & Septic Tank Service Baconton. Products and Services. 2020 InvestorPlace Media, LLC. Copyright © 2020 InvestorPlace Media, LLC. Please contact the business for updated hours/services due to the COVID-19 advisory. The battery trend goes back to EVs and the future of transportation — what I call Transportation 2.0. Through July, EVs accounted for just 3% of 2020 global vehicle sales. 1125 N. Charles St, Baltimore, MD 21201. Without better battery technology, it will be difficult — if not impossible — for EVs to replace gas-powered vehicles. They’ve been in business together since 2012, and in 2018 the two formed a joint venture to prepare for the mass production of solid state batteries. And that’s where the next-generation battery technology that companies like QuantumScape are working on come into play. Like this review? “While there’s a lot of other SPACs out there to claim they’re automotive experts maybe for the last 30 days, we’ve been automotive experts for the last 30 years,” Mirro said. Kensington isn’t the only business with a keen eye on QuantumScape’s future potential. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. That’s when the manufacturer of electric vehicles (EVs) and hydrogen-powered trucks went public via a merger with a SPAC — or special purpose acquisition corporation. *Battery World is not responsible for misprints or errors on product prices or information, for more information please see our Site Terms of Use. And of that number, two-thirds were pure EVs — the rest were hybrids. This Bill Gates-Backed Company Is Making Big Waves in the Battery World Step by step, solid state batteries are pushing transportation into the future It’s a battery company that’s been around for only a decade, and in that time it’s won the backing of not just Volkswagen (OTCMKTS:VWAGY) and several other related businesses, but also one of the greatest minds of our time …. The acquisition will close here in the fourth quarter, at which point the newly combined company will list on the New York Stock Exchange under the ticker “QS.”. Automotive Batteries. C . Battery World BRILITE . And by 2025, UBS predicts that one in six cars sold around the world will be electric. On the date of publication, Matthew McCall did not have (either directly or indirectly) any positions in the securities mentioned in this article. D . This isn’t something that might or might not happen. The stock was up a crazy 900% after the announcement in only one week. And the best news? It has more than $800 million in committed funds from the likes of Volkswagen, Continental Tire, Science Applications International (NYSE:SAIC), and Bill Gates. QuantumScape announced on September 3 that it would merge with and go public via a SPAC called Kensington Capital Acquisition Corp. (NYSE:KCAC). 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Article printed from InvestorPlace Media, https://investorplace.com/2020/10/this-bill-gates-backed-company-is-making-big-waves-in-the-battery-world/. And solid state batteries look to be the big winner in this space. Back to top . Back to top . Copyright © Longtime MoneyWire readers know that this is a hypergrowth trend I’ve followed for some time. All rights reserved. You don’t have to be a math genius to see the huge potential. The implied value of the new company is $3.3 billion, as QuantumScape is expected to receive more than $1 billion in cash and funding commitments as part of the deal. Get reviews, hours, directions, coupons and more for Battery World at 5820 E Molloy Rd, Syracuse, NY 13211. There have been more EV manufacturers, battery companies, and even a mining business. Batteries-Storage-Wholesale & Manufacturers. That would be 5X growth in five years! E . Volkswagen is QuantumScape’s largest shareholder. Battery World is taking every precaution ensuring your safety and quality of products and service. Dallas Semiconductor Dantona Denaq DJI . Batteries-Storage-Wholesale & Manufacturers, Auto Repair & Service, Automobile Accessories. It’s still in its very early stages. SKU: 021-0123 Cell Phone Batteries. Step by step, solid state batteries are pushing transportation into the future …. Given the already huge hype that’s followed this industry in recent months, it’s no surprise that Kensington Capital shot up more than 157% to peak above $25 on September 4. And current board members include the chief technical officer of Tesla (NASDAQ:TSLA) and the head of Volkswagen’s Battery Cell unit. Back to top . YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. One of its early backers was none other than Bill Gates, the founder of Microsoft (NASDAQ:MSFT) and one of the richest men in the world. Nasdaq 6838 Ellicott Dr Ste 8, East Syracuse, NY. Volkswagen’s goal is to launch 70 EV models and produce 22 million units by 2029 — and QuantumScape’s technology can help it get there. Our business is service. quotes delayed at least 15 minutes, all others at least 20 minutes. G . Click Here for our Online Coupons & Promotions! With so much at stake, here’s my prediction: Investors who get in on this breakthrough now — before it’s rolled out on a mass scale — have the opportunity to be a part of what could be one of the single largest creators of wealth of the last 25 years. H . F . Our products are batteries. Back to top . But we can’t just snap our fingers and magically get these cars on the road. CEO Justin Mirro was an automotive engineer for General Motors (NYSE:GM) and Toyota Motor (NYSE:TM) before he became an investment banker, so he knew what he was looking for. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Kensington had been in search of a battery supplier to merge with. Fanuc FedCo Fujitsu . Back to top . Over the next five years, automakers plan to debut 200 new EV models.

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