• QuantumScape amended its collaboration agreement with Volkswagen-owned PowerCo on July 16, 2026, resetting milestones tied to QSE-5 battery cell development.
• The revised program shifts to milestone-based payments, including delivery and validation of battery cells over the next two years.
• Maximum aggregate proceeds from PowerCo under the updated program total $75.4 million, including amounts already paid.
• The prior Statement of Work No. 1 was terminated effective July 16, 2026, with any invoiced amounts still due and payable.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QuantumScape Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-312381), on July 22, 2026, and is solely responsible for the information contained therein.