Why QuantumScape Stock Rocketed Higher Today [Yahoo! Finance]
QuantumScape Corporation Class A (QS)
Company Research
Source: Yahoo! Finance
The stock popped nearly 36% in early morning trading. As of 11:38 a.m. ET, it was still up by 21.6%. The company announced it has achieved an important milestone in its work to develop commercially viable solid-state batteries for EV makers. It has shipped samples planned for its first commercial product to automakers and other original equipment manufacturers (OEMs) for testing. That was one of QuantumScape's major goals for 2024. QuantumScape has a two-stage plan to mass produce the parts required for its solid-state EV battery. The first stage "Raptor" process has been used to produce low-volume prototypes. The company announced that the first low-volume B-sample battery cells from its Raptor production process have been shipped for automotive customer testing. The next "Cobra" stage of production is set to begin in 2025. The samples from its first commercial product, QSE-5, are designed to meet the requirements of automotive applications and provide EV buyers with better b
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QS
Earnings
- 10/23/24 - Miss
QS
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 144
- 12/13/24 - Form 144
- QS's page on the SEC website