On June 18, QuantumScape rose 12.61% in regular trading, trading at $7.76/share, with turnover of $81.13 million. The stock surged on dual positive catalysts involving a landmark technology demonstration and a major OEM partnership.
On the news front, QuantumScape announced a solid-state battery collaboration with Honda on June 18, expected to accelerate mass production of solid-state batteries in the electric vehicle sector. The stock had surged as much as 19% in pre-market trading on the announcement. Additionally, on June 16, the company completed the first-ever live demonstration of its QS solid-state lithium battery powering a real vehicle at the Munich Auto Show, using a modified Ducati Moto V21L race car equipped with QSE-5 solid-state batteries produced via its Cobra manufacturing process. Audi experts under the Volkswagen Group designed the battery system for the demonstration vehicle. That event drove a 21.05% gain on June 16. Institutional research notes that the solid-state battery industry is entering a critical industrialization phase, with market size projected to reach 20 billion yuan by 2030, supported by advantages in safety, energy density exceeding 500Wh/kg, and superior cycle life versus conventional liquid batteries.
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