Hyperdrive
VW Wants to One-Up Tesla With a Next-Generation Battery
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Volkswagen AG plans to start trial production of solid-state batteries by 2023, putting pressure on Tesla Inc. to keep pace with the German giant’s spending on electric-car developments.
Volkswagen’s partner QuantumScape Corp. is making progress in developing technology that could make electric-cars cheaper and extend driving ranges, the carmaker’s Chief Executive Officer Herbert Diess said Wednesday at a press conference in Wolfsburg. The two companies plan to cooperate on producing batteries in the coming years, and if the pilot is successful, mass production could start as early as 2024.