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. 

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Source Fool.com