UPDATE: Kensington Capital Acquisition Corp. (KCAC) to Combine with QuantumScape
Kensington Capital Acquisition Corp. (KCAC) announced this morning it has agreed to merge with automotive battery maker QuantumScape in a deal that would give the combined company an enterprise value of $3.3 billion. San Jose-based QuantumScape plans to launch a joint venture manufacturing facility with Volkswagen (DE:VOWG) to produce solid-state battery cells for its electricRead More