QuantumScape (NYSE: QS) stock surged in Thursday morning’s trading, with a 25.3% increase as of 10:50 a.m. ET, according to data from S&P Global Market Intelligence.
Volkswagen’s PowerCo subsidiary recently completed a successful test of QuantumScape’s solid-state lithium battery for electric vehicles (EVs). The test results were highly encouraging, showing that the technology has the potential to power EVs for up to 500,000 kilometers without significant loss of charge capacity or driving range.
Should you consider buying QuantumScape stock for 2024?
Despite its recent rally, QuantumScape stock is still down approximately 94% from its peak. However, the positive results from the PowerCo test suggest that Volkswagen may incorporate QuantumScape’s technology into its EVs in the future. If this happens, it could lead to a substantial rebound in the stock’s value.
QS Chart
Early results for QuantumScape’s lithium battery prototype have shown promise — demonstrating…
2024-01-04 10:55:03
Link from finance.yahoo.com
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