Why Shares of QuantumScape Are Charging Higher Today
While the S 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) are inching in opposite directions to start this shortened trading week, shares of QuantumScape (NYSE: QS) are moving decisively higher. A leading electric vehicle (EV) manufacturer has announced its plan to use solid-state batteries in their vehicles, and investors are sitting up and taking notice of the news.
As of 11:33 a.m. ET, shares of QuantumScape are up 6.3%.
It won't be much longer before drivers in China will be cruising around in EVs powered with solid-state batteries. Electrek, a website which covers the EV industry, reported today that BYD (OTC: BYDDY) expects to debut its first vehicles powered by all solid-state batteries in 2027. Citing Sun Huajun, chief technology officer for BYD's battery business, the company will produce a limited number of these vehicles from 2027 to 2029 and ramp up production in 2030 after the demonstration phase is complete.
Source Fool.com
BYD Co. Ltd Stock
Currently there is a rather positive sentiment for BYD Co. Ltd with 17 Buy predictions and 5 Sell predictions.
With a target price of 15 € there is a positive potential of 41.31% for BYD Co. Ltd compared to the current price of 10.62 €.
