Why QuantumScape Stock Rose Double-Digits Today
QuantumScape (NYSE: QS) shares jumped almost 20% Thursday morning after the company announced another milestone to keep it on track for commercializing its solid-state battery technology. The stock pared those gains somewhat, but as of 10:45 a.m. EDT, shares remained 11% higher on the day.
QuantumScape investor and partner Volkswagen (OTC: VWAGY) will add $100 million to its investment in the solid-state battery maker after it met the necessary technical condition for the final payment of a previously announced agreement.
Source Fool.com
