Why QuantumScape Stock Surged Today
Aspiring electric-vehicle battery maker QuantumScape (NYSE: QS) doesn't have a product yet and is still years -- rather than months -- away from potential commercialization. But the solid-state battery technology it is working on has so much potential that its progress is being watched closely. After the company presented its quarterly update last night, investors felt good about a new development. That helped shares of QuantumScape jump today. As of 2 p.m. EDT, the stock is up 11% on the day.
QuantumScape believes it has a ceramic material that can be used as a solid-state separator in a battery cell to help overcome slow charging times, and improve performance and safety versus current lithium-ion batteries.
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Source Fool.com
