QuantumScape (NYSE: QS) stock is soaring to start the new trading week. Shares of the solid-state lithium-metal battery maker have been in focus recently due to new production deals. Today's move, however, comes as investors see a macroeconomic picture that makes those deals, and QuantumScape itself, even more important.

QuantumScape stock jumped by over 20% this morning, and still traded up by 16.3% as of 10:25 a.m. ET.

Image source: QuantumScape.

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Source Fool.com