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Kensington Capital Acquisition Corp. (NYSE:KCAC), a Special Purpose Acquisition Company (SPAC), is in the spotlight currently as its merger target, the battery startup QuantumScape that is backed by the billionaire Bill Gates, detailed the specifications of a solid-state battery at an event yesterday.
Kensington Capital has filed a Form 425 with the U.S. Securities and Exchange Commission (SEC). This filing included presentation slides that QuantumScape used to brief certain key investors during the Analyst Day event held on the 15th of October.
Kensington Capital (KCAC) Shares Soar Over 50 Percent on Imminent Merger With Bill Gates-Backed Battery Startup QuantumScapeThe critical portion of this presentation to key Kensington Capital stockholders deals with the specifications of QuantumScape’s solid-state battery. QuantumScape claims to have spent over $300 million in R&D to produce a commercially viable lithium-metal solid-state battery. The following slide details the structure of this battery:
By eliminating the anode host material, QuantumScape’s solid-state battery delivers significant cost savings while also increasing the energy density by 88 percent relative to a conventional lithium-ion battery. Crucially, this battery also allows for a 0 to 80 percent fast-charge in 15 minutes!
Following are some of the other important slides from the presentation to Kensington Capital shareholders …
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