On June 18, QuantumScape rose 13.48% in pre-market trading, trading at $8.288/share, with turnover of $4.45 million, extending a powerful rally that began earlier in the week.
The continued upside momentum is driven by QuantumScape's first live demonstration of its QS solid-state lithium battery powering a real vehicle at the Munich Motor Show on June 16. The demonstration featured a modified Ducati MotoE V21L racing motorcycle equipped with QSE-5 solid-state cells produced using QuantumScape's Cobra manufacturing process. Volkswagen subsidiary Audi's engineering team designed a first-of-its-kind battery system for the demonstration vehicle. The June 16 event initially drove a 21.05% single-day surge, with bullish sentiment carrying into subsequent sessions.
Institutional research notes that the solid-state battery industry is entering a critical industrialization phase, citing advantages including thermal stability above 600 degrees Celsius, energy density exceeding 500Wh/kg, and superior cycle life versus conventional lithium-ion cells. The market is projected to reach 20 billion yuan by 2030, with small-batch vehicle installation expected by 2027.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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