Why QuantumScape Stock Jumped Over 15% Today
Shares of QuantumScape (NYSE: QS) exploded on Wednesday and were trading over 16% through 1:30 p.m. ET. The developer of solid-state lithium-metal batteries for electric vehicles just signed a partnership, and investors see this as a big milestone and catalyst for QuantumScape stock.
Image source: Getty Images.
QuantumScape is partnering with (NYSE: GLW) to jointly develop ceramic separators in high volumes for commercial uses. Instead of polymer separators that are used in traditional lithium-ion batteries, QuantumScape uses ceramic separators that seemingly make the batteries safer, more energy dense, longer lasting, and faster to charge, among other things.
Source Fool.com
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