Auto Components
QuantumScape remained pre-revenue in Q2 FY2026, narrowed its quarterly net loss to $98.2M from $114.7M while ramping its San Jose pilot line, and reported $859.0M of cash, cash equivalents and marketable securities to fund ongoing solid-state battery development. Source: 10-Q Item 2 MD&A, pp.21-26
Key risk: Commercial-scale solid-state battery development remains unproven
QuantumScape states that it is still developing its solid-state cells and must solve challenges involving separator and cell quality, consistency, reliability, throughput, safety, cost, cell size, layer count, and automotive qualification. The company cautions that pilot-line or prototype milestones do not assure commercial-scale production, cost targets, customer qualification, or market adoption. Source: 10-Q Item 1A, pp.30-31