Here's Why QuantumScape Stock Jumped Today
QuantumScape (NYSE: QS) is trying to revolutionize electric vehicle (EV) battery technology, and it made an announcement today that investors noticed: The company is working to develop solid-state batteries it expects will greatly improve the efficiency, safety, and charging time required, as compared to existing EV batteries.
The company said today that equipment needed to produce its solid-state lithium-metal batteries has been installed and released for initial processing of the solid-state separator component. That sent shares soaring by 16% in early trading. After paring some of that gain, QuantumScape shares remained higher by 5.5% as of 11:45 a.m. ET.
Source Fool.com
