QuantumScape restructures PowerCo collaboration to milestone payments, caps total at $75.4M

Filed July 22, 2026 · Period ending July 16, 2026 · ~1 min read

Key Changes

• high

  Amended PowerCo collaboration shifts from cost reimbursement to milestone-based payments tied to automotive cell development, larger format cells, and technology roadmap over next two years.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Maximum aggregate payment from PowerCo capped at $75.4M inclusive of amounts already received, establishing financial ceiling for the program.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Terminated Statement of Work No. 1 effective July 16, 2026, replaced by amended terms; outstanding invoiced obligations remain payable.

  Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →