'Honda, Nissan each team with US AI startup on next-gen vehicle software' - Nikkei Asia
https://asia.nikkei.com/business/automobiles/honda-nissan-each-team-with-us-ai-startup-on-next-gen-vehicle-software
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https://asia.nikkei.com/business/automobiles/honda-nissan-each-team-with-us-ai-startup-on-next-gen-vehicle-software
QuantumScape's solid-state lithium battery technology promised a 20-25% boost in EV driving range, but the company has fallen significantly behind competitors in commercialization. With competitors like BYD, Toyota, and Nissan advancing faster to market, QuantumScape faces a challenging path forward. The company is burning ~$100 million quarterly with only $900 million in cash reserves, and Volkswagen's postponement of a $7 billion battery plant investment until 2029 further complicates its prospects.
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