QuantumScape, a solid-state battery technology company, has been "a very tough own", according to Jim Cramer, despite shares rising 30% over the past year. The stock is down 34% year-to-date. The company reported a fourth-quarter loss per share of $0.17 and a full-year loss of $0.76. Through cost discipline, QuantumScape reduced its fourth-quarter net loss to $100.4 million from $114.7 million year-on-year, whilst its full-year net loss improved 9% to $435 million. For guidance, the company expects flat revenue growth of $250 million to $275 million and capital expenditure of $40 million to $60 million, up from last year's $36.3 million. Cramer noted it has "never been clear that their technology works".

QuantumScape, a solid-state lithium-metal battery developer, has inaugurated its Eagle Line pilot production facility in San Jose, California. The event was attended by automotive customers, partners and government officials. The Eagle Line incorporates QuantumScape's Cobra process for producing its proprietary separator and is designed to demonstrate scalable production of the company's solid-state battery technology. The facility will produce battery cells for customer sampling, testing and product integration, whilst serving as a blueprint for licensing partners to manufacture at gigawatt-hour scale in their own facilities. The line will also function as a platform for developing further technology and process improvements. QuantumScape's solid-state battery technology aims to deliver greater energy density, faster charging and enhanced safety compared to conventional batteries.

QuantumScape, a solid-state lithium-metal battery technology company, has appointed Geoff Ribar to its board of directors. Ribar brings extensive financial leadership experience from the technology sector, having served as CFO at Cadence Design Systems from 2010 to 2017. His previous CFO roles include positions at Telegent Systems, Matrix Semiconductor and NVIDIA. He also held the role of vice president and corporate controller at AMD. Ribar currently serves on the boards of Acacia Research Corporation, Everspin Technologies and MACOM Technology Solutions. Dennis Segers, chairman of QuantumScape's board, highlighted Ribar's decades of experience positioning transformational technology companies for success. Ribar cited energy storage as critical for future technology progress and expressed enthusiasm about joining the company at a pivotal moment.