QuantumScape shifts to licensing model with Volkswagen, boosting outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
0mins
Should l Buy QS?
Source: NASDAQ.COM
QuantumScape's stock has risen by 5.01% as it crosses above the 20-day SMA, reflecting positive investor sentiment amid broader market gains. The company plans to pivot to a less capital-intensive licensing model in 2024, collaborating with Volkswagen's battery subsidiary PowerCo, which is expected to generate higher-margin royalty and licensing revenues. Analysts project QuantumScape's revenue to rise significantly, from under $1 million to $544.5 million between 2026 and 2028, contingent on updates regarding B-sample shipments and new OEM partnerships.
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Analyst Views on QS
Wall Street analysts forecast QS stock price to rise
8 Analyst Rating
0 Buy
6 Hold
2 Sell
Hold
Current: 7.170
Low
2.50
Averages
11.29
High
16.00
Current: 7.170
Low
2.50
Averages
11.29
High
16.00
About QS
QuantumScape Corporation is developing solid-state lithium-metal battery technology for electric vehicles (EVs) and other applications. The Company’s solid-state lithium-metal battery technology is designed to offer energy density, faster charging, and enhanced safety. Its battery cells have none of the host materials used in conventional anodes. The Company's cells are anode-free in that they are manufactured without anodes in a discharged state. It has demonstrated a solid-state separator for lithium-metal batteries capable of resisting dendrite formation at higher power densities, such as those required for automotive applications and fast charging, for at least 800 cycles at around 25 degrees Celsius. The Company's solid-state electrolyte-separator is a dense, entirely inorganic ceramic. The Company's solid-state battery technology has applicability in other markets, including stationary storage and consumer electronics, data centers, defense, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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QuantumScape's Battery Technology Outlook
- Market Value Decline: QuantumScape has seen a 40% drop in market value this year, trading 95% below its all-time high, reflecting investor concerns over its commercialization progress and resulting in significant stock pressure.
- Significant Technical Advantages: The QSE-5 battery boasts an energy density of 844 Wh/L and can charge from 10% to 80% in just 15 minutes, showcasing a competitive edge over traditional lithium-ion batteries, which average 300-700 Wh/L and require 20 minutes to an hour for charging.
- Business Model Shift: The company plans to pivot to a less capital-intensive licensing model in 2024, licensing its battery technology to Volkswagen's battery subsidiary PowerCo and other automakers, aiming to generate higher-margin royalty and licensing revenues.
- Future Revenue Expectations: Analysts project QuantumScape's revenue to rise from under $1 million to $544.5 million between 2026 and 2028, and if the company can provide clear updates on B-sample shipments and new OEM partnerships during its next earnings call, its stock could see a rebound.
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- AST SpaceMobile Outlook: AST SpaceMobile plans to launch 45 to 60 satellites by the end of 2026, with revenue expected to grow from $71 million in 2025 to $1.92 billion by 2028, indicating strong market demand and profitability potential.
- Rivian Market Expansion: Rivian anticipates that its new R2 SUV will significantly lower market entry barriers, with revenue projected to increase from $5.4 billion in 2025 to $16.4 billion by 2028, showcasing substantial long-term growth potential despite short-term challenges.
- QuantumScape Technological Breakthrough: QuantumScape's solid-state lithium-metal batteries are expected to commercialize by 2026, with revenue forecasted to rise from less than $1 million in 2026 to $545 million by 2028, indicating a promising long-term outlook despite near-term profitability challenges.
- Market Environment Analysis: Despite macro challenges such as inflation and rising interest rates, the S&P 500 has more than tripled over the past decade, leading investors to consider ETF investments to navigate future market volatility.
See More
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- Satellite Constellation Expansion: AST SpaceMobile plans to deploy 45 to 60 satellites by the end of 2026, ultimately aiming for over 240, which will significantly enhance its competitive edge in the global communications market, particularly in rural network coverage.
- Revenue Growth Expectations: Analysts forecast AST's revenue will rise from $71 million in 2025 to $1.92 billion by 2028, with profitability expected in 2027 and 2028 as customer numbers and satellite launches increase, indicating strong market potential.
- Impact of Rivian's New Model: Rivian's R2 SUV, priced $30,000 to $40,000 lower than its flagship R1 models, is expected to significantly broaden its market reach, with analysts predicting revenue growth from $5.4 billion to $16.4 billion between 2025 and 2028, despite facing near-term challenges.
- QuantumScape Battery Outlook: QuantumScape's solid-state batteries are projected to increase revenue from under $1 million in 2026 to $545 million by 2028; while not yet profitable, its partnership with Volkswagen will aid in commercializing its technology, suggesting a bright future ahead.
See More
QuantumScape's Stock Plummets, Yet Potential Catalysts Remain Ignored
- Market Value Decline: QuantumScape's stock has dropped approximately 40% this year, with a current market cap of $3.86 billion, reflecting a 95% decline from its all-time high, indicating investor concerns over its future profitability.
- Significant Technological Edge: The QSE-5 battery boasts an energy density of 844 Wh/L and can charge from 10% to 80% in under 15 minutes, significantly outperforming most lithium-ion batteries, which average 300-700 Wh/L and require 20 minutes to an hour for charging, showcasing its competitive potential in the EV market.
- Business Model Shift: QuantumScape plans to pivot to a less capital-intensive licensing model in 2024, collaborating with Volkswagen's battery subsidiary PowerCo, which is expected to generate higher-margin royalty and licensing revenues, thereby improving its financial outlook.
- Future Revenue Expectations: Analysts forecast QuantumScape's revenue to rise from less than $1 million to $544.5 million between 2026 and 2028, and if the company can provide clear updates on B-sample shipments and new OEM partnerships during its next earnings call, it could trigger a stock price rebound.
See More
EV Market Slowdown Creates Investment Opportunities in Overlooked Stocks
- Market Growth Slowdown: From 2020 to 2023, the electric vehicle market experienced rapid expansion, but growth has significantly slowed due to reduced government subsidies, market saturation among early adopters, and macroeconomic pressures, leading to diminished investor interest in EV stocks.
- QuantumScape's Outlook: QuantumScape focuses on developing solid-state lithium-metal batteries, with projected revenue growth from under $1 million in 2026 to $545 million in 2028; although it has yet to commercialize its products, its partnership with Volkswagen is expected to drive licensing revenue growth.
- ChargePoint User Growth: ChargePoint operated 385,000 charging ports at the end of fiscal 2026, with active users rising 8% to 1.48 million, and as the EV market continues to expand, its user base and market share are expected to grow.
- Future Revenue Projections: Analysts anticipate ChargePoint's revenue will grow at a 13% CAGR from $411 million in 2025 to $590 million in 2028, and with a current market cap of $125 million, its stock appears undervalued at less than one times this year's sales.
See More
QuantumScape's Battery Technology Outlook
- Market Value Decline: QuantumScape has seen a 40% drop in market value this year, trading 95% below its all-time high, reflecting investor concerns over its commercialization progress and resulting in significant stock pressure.
- Significant Technical Advantages: The QSE-5 battery boasts an energy density of 844 Wh/L and can charge from 10% to 80% in just 15 minutes, showcasing a competitive edge over traditional lithium-ion batteries, which average 300-700 Wh/L and require 20 minutes to an hour for charging.
- Business Model Shift: The company plans to pivot to a less capital-intensive licensing model in 2024, licensing its battery technology to Volkswagen's battery subsidiary PowerCo and other automakers, aiming to generate higher-margin royalty and licensing revenues.
- Future Revenue Expectations: Analysts project QuantumScape's revenue to rise from under $1 million to $544.5 million between 2026 and 2028, and if the company can provide clear updates on B-sample shipments and new OEM partnerships during its next earnings call, its stock could see a rebound.
See More
Aurora Leads the Charge in Autonomous Trucking
- Industry Pioneer: Aurora Innovation has successfully validated driverless operations between Dallas and Houston since deploying its first autonomous trucks in April last year, marking its leadership in the autonomous trucking sector and is expected to drive significant business growth.
- Business Expansion: By validating autonomous freight movement on the 1,000-mile route from Fort Worth to Phoenix, Aurora has surpassed 'hours of service' limitations and anticipates operating over 200 driverless trucks by year-end, projecting annual revenue to reach $80 million.
- Technological Innovation: QuantumScape has accelerated its manufacturing speed by 25 times through its Cobra process and launched a new automated pilot line, aiming to commercialize solid-state batteries, which could play a crucial role in the convergence of electric and driverless vehicles.
- Market Opportunity: Uber Technologies has established partnerships with over 20 autonomous vehicle tech companies, leveraging its strong market share and user base to mitigate development risks, and is expected to enhance profitability of its existing business through the utilization of driverless vehicles.
See More
