QuantumScape (NYSE: QS) wants to revolutionize the electric vehicle (EV) battery charging experience. 2024 has marked a slowdown in the pace of growth for EV sales. Many consumers are hesitant to transition to electric cars due to charging concerns.

But QuantumScape's solid-state battery technology could address range anxiety and reinvigorate interest in EVs. Today, the company's stock jumped as much as 10% after it announced another step toward commercializing its batteries.

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Source Fool.com