QuantumScape Stock Climbed 2% in Premarket Trading

Tiger Newspress2022-03-29

QuantumScape stock climbed 2% in premarket trading as QuantumScape's relation with Volkswagen could deepen further.

According to the Manager Magazin article,Volkswagen's luxury brand Porsche, best known for its 911 sports car, is reportedly developing an electric version of the 911 that could use solid-state batteries, and is working with QuantumScape to supply them.

Although neither QuantumScape nor Porsche have confirmed anything yet, investors were perhaps betting on this rumor proving  true, given the company's long-standing partnership with Volkswagen.

In 2021, QuantumScape received an additional $100 million worth of funding from Volkswagen after its battery cells met the automaker's technical milestone requirements in lab tests. The two companies have also signed an agreement to jointly develop a solid-state battery pilot-line facility.

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Comments

  • kkoh
    2022-03-30
    kkoh
    Quantumscape had a strong moat. So far 4 company had tested using quantumscape battery cell.
  • DJBoy
    2022-03-29
    DJBoy
    Maybe
  • Janiceeee
    2022-03-29
    Janiceeee
    Its timee
  • Cheryi
    2022-03-29
    Cheryi
    Ok
  • Troytan
    2022-03-29
    Troytan
    Go go go QS.
  • Xav
    2022-03-29
    Xav
    Go quantum
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