QuantumScape (NYSE: QS) stock is rocketing higher this morning, and for good reason, too. QuantumScape's solid-state battery technology has been touted to have the potential to revolutionize electric vehicle (EV) batteries and spur an increase in EV adoption.

QuantumScape surprised investors with a live demonstration today, and investors bid the stock up as much as 36%. As of 10:45 a.m. ET, shares remained higher by 21.2%.

Image source: QuantumScape.

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Source Fool.com