Competitive MarketA range of execution risks still entail mass production of QS's relatively novel solid-state battery technology at the scale required for major global auto OEMs.
Production ChallengesThere is significant uncertainty on the path to commercialization given EV slowdown and unfavorable supply/demand in the global battery industry.
Technology RisksLonger term risks such as OEM vertical integration, technology change/obsolescence risk, rising competitive risks from Chinese players, and the potential for eventual battery commoditization keep us cautious.