Is QuantumScape Stock a Buy Now?
QuantumScape (NYSE: QS) is making moves. Last month, the company hit another milestone on its journey to commercialize its breakthrough battery technology, marking steady progress toward a future where electric vehicles (EVs) can drive farther and charge faster than ever before. The stock has surged 133% since June.
Yet, with the company still in its early stages and facing crucial milestones, investors considering buying QuantumScape should consider the following first.
QuantumScape designs solid-state lithium‑metal battery architecture, focusing on developing and commercializing next-generation batteries for electric vehicles and other applications. It believes this technology will enable a new category of batteries that has greater energy density, faster charging, and improved safety compared to conventional lithium-ion cells.
Source Fool.com
