QuantumScape Corporation (QS) Presents at J.P. Morgan Automotive Conference Transcript

QuantumScape Corporation ( QS ) J.P. Morgan Automotive Conference August 12, 2026 10:10 AM EDT Company Participants Kevin Hettrich - Chief Financial Officer Conference Call Participants William Peterson - JPMorgan Chase & Co, Research Division Presentation William Peterson JPMorgan Chase & Co, Research Division Good morning, and welcome to JPMorgan's Auto Conference. My name is Bill Peterson, and I'll be hosting Kevin Hettrich from QuantumScape. He's the CFO. We don't have any slides today. [Operator Instructions] Kevin, thanks for joining the auto conference. Appreciate this. And maybe just as an introduction for those less familiar, can you provide a brief overview of QuantumScape, the core technology and what's your view as maybe some of the key misunderstood points about this? Kevin Hettrich Chief Financial Officer Terrific. Good morning to those in the room. Thank you, Bill, for hosting us here at the conference. QuantumScape is the leader in solid-state lithium metal battery development. Solid-state lithium metal is a type of chemistry beyond lithium ion that carries advantages in everything that customers would care about. It's called solid-state lithium metal because the solid-state part, a thin ceramic separator sits between the 2 active materials in the battery and lithium metal because when you charge the device, lithium is stored in a pure metal form as opposed to lithium-ion, which is a conventional batteries today. The ion part of lithium-ion speaks to a host material that's all around it. And because it's stored in a pure metal format, it's the elimination of that host material that leads to all the advantages of our battery chemistry, smaller and lighter, faster charging, better safety performance, lower cost at maturity and scale. So where we are as a company, we've been in a development and commercialization of this new chemistry. We announced our first product in