Why QuantumScape Stock Is Jumping Today

Shares of electric-vehicle battery start-up QuantumScape (NYSE: QS) were on fire Tuesday morning, soaring by as much as 15.9% as of 10:15 a.m. EDT.

Its prime product might still be in the development stage, but its battery technology is already finding takers among some of the world's largest automakers.

Through a regulatory filing dated Sept. 21, QuantumScape reported Tuesday morning that it recently signed an agreement with a second automotive original equipment manufacturer (OEM) that's among the top 10 globally by revenues.

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Source Fool.com