Will QuantumScape Recover In 2022?
A shift from the internal combustion engine to electric vehicles is undisputed. Governments, legacy car companies, and new EV makers are spending billions of dollars to bring about this change. Batteries that power electric vehicles have a major role in the transition to EVs.
QuantumScape (NYSE: QS) is working on the next-generation batteries that could step up the ongoing shift to electric vehicles.
QuantumScape's product is still in the development stage. As an early-stage company, QuantumScape's stock price is volatile. The stock's fall this year had no strong reason, just like its spectacular rise last year was mostly without reason. QuantumScape, which got listed on Nov. 27, 2020, rose 283% by the end of 2020.
Source Fool.com
