QuantumScape (NYSE: QS) is trying to change the electric vehicle (EV) landscape. Its solid-state, anode-free lithium-metal battery technology provides significant benefits that could help springboard mass EV adoption. 

For investors, speculation on its success could pay off handsomely if several premises play out in the company's favor. As QuantumScape has been hitting some important milestones in the development of its technology, its stock has been moving higher. Shares are up about 65% year to date, including a jump of about 40% in just the last month. With its second-quarter financial and operational update just announced, it's a good time to see if there could be more substantial gains ahead.

Because of their composition, legacy lithium-ion batteries require trade-offs between power, energy, safety, and cycle life. QuantumScape hopes its solid-state technology will be able to repeatedly fast-charge over hundreds of cycles while retaining the majority of its discharge energy. That can lead to faster charging times with a more efficient and safer battery. It could also provide longer vehicle range with better performance and a longer life cycle than current lithium-ion batteries. 

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Source Fool.com