QuantumScape Corporation (QS) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

QuantumScape Corporation ( QS ) Morgan Stanley's 14th Annual Laguna Conference September 16, 2026 1:45 PM EDT Company Participants Kevin Hettrich - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley, Research Division Presentation Andrew Percoco Morgan Stanley, Research Division All right. Good morning, everyone. For those that don't know me, Andrew Percoco, I cover Autos here at Morgan Stanley. Very pleased to be joined by Kevin Hettrich, CFO of QuantumScape. So thank you for joining us this morning. Before we get started, just an important disclosure here. So please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley representative. All right. So maybe, Kevin, just over to you in terms of anything you want to share before we get into the questions in terms of the story, where you are in the commercialization process. And obviously, the business model is evolving. So I'm sure we'll talk about that. But I just want to turn the floor over to you in terms of any initial remarks you want to make. Kevin Hettrich Chief Financial Officer Yes. So for folks following the story, we're working to commercialize solid-state lithium metal batteries, which have compelling advantages in all the things you'd care about, smaller, lighter, faster charging, safer. And for those following the story more closely, some of the recent announcements, we started a highly automated pilot line in San Jose called the Eagle line. On the last earnings call, we announced two new customer verticals alongside automotive, where we've historically focused. We've now added Data Center and a vertical called Advanced Solutions, which includes things like aerospace, defense, robotics, consumer electronics and medical devices. And back to automotive, we announced in June a multiyear research agreement with Honda, who together