SPAC
SES
Solid Power
QuantumScape
TechCrunch
Hyundai
Honda
GM
Qichao Hu
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Shanghai Giga
Korea
Shanghai
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And if it didn’t spend enough, it would risk falling behind its competitors.Investors also appear to be rewarding other battery startups that have gone public via SPAC in the last year, including Solid Power, which is up 10%, and QuantumScape, which is up 13%.The balance of general expenses versus R&D suggests that while work continues on its lithium-metal technology, an increasing amount of the company’s cash hoard is being spent on building larger scale facilities in the ramp up to commercial production.Indeed, in an interview earlier this week, CEO Qichao Hu told TechCrunch the company is continuing to develop its Shanghai Giga site and another facility in Korea, which was announced earlier this year.
As said here by Tim De Chant