Electric vehicles (EVs) are approaching an industry crossroads. Battery range is arguably the biggest obstacle to EV adoption today, and traditional lithium-ion batteries are potentially topping out.

QuantumScape (NYSE: QS) is racing to solve that problem by developing solid-state batteries, a new technology that allegedly provides superior range, durability, and safety.

Such a breakthrough could make the stock a life-changing investment, possibly turning individual investors into millionaires over the coming years. While recent testing data is promising, the company and its shareholders have a long journey ahead.

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Source Fool.com