Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why QuantumScape Shares Jumped Today

TheMotleyFool

0 0

Why QuantumScape Shares Jumped Today: https://g.foolcdn.com/editorial/images/702439/evbatteryplug.jpg

Shares of QuantumScape (NYSE: QS) jumped as much as 6% Monday morning on some news from a partner in its quest to commercialize solid-state battery technology for electric vehicles (EVs). Investors, however, may have thought what seemed like good news could ultimately be a negative for QuantumScape. As of 1:30 p.m. ET, the stock had lost some of its gains and was trading 1.5% higher for the day.

Volkswagen has been a partner with QuantumScape prior to the battery technology company trading publicly. The global automaker is an early investor, a joint venture (JV) partner, and has board representation. The auto giant has now partnered with another company in the EV battery sector, too, Barron's reported today.

Source Fool.com

Like: 0

Share