Ann: Working Solid State Battery Produced and Unveiled in NY, page-3

Magnis Chairman Frank Poullas commented: “This is one of the world’s first Solid State Batteries to be produced. Volkswagen Group recently invested US$100 Million into US-Based QuantumScape which is yet to publicly produce a prototype and is targeting Solid State Battery production in 2025. The investment by Volkswagen valued QuantumScape at over US$1 Billion.” “Our technology continues to gain serious interest and we look forward to announcing further developments in the coming quarters.”

Laters..