Why QuantumScape Stock Jumped 68% in June
QuantumScape (NYSE: QS) is building solid-state lithium-metal batteries for electric vehicles (EV) that are seemingly far better than the traditional lithium-ion batteries in terms of energy density, charging, cost, and safety, among other things.
QuantumScape has yet to commercialize its technology, but that hasn't deterred investors from piling into the stock at every hint of progress. In June, shares of QuantumScape jumped a whopping 68%, according to data provided by S&P Global Market Intelligence.
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Source Fool.com
