Stock Track | QuantumScape Corp. Soars 5.44% in Pre-Market on Joint Development Agreement with Top-10 Automaker

Stock Track12-17

QuantumScape Corp. (QS) saw its stock price surge 5.44% in pre-market trading on Wednesday, following the announcement of a joint development agreement (JDA) with a Top-10 global automaker.

The agreement is part of QuantumScape's broader strategy to expand its commercial engagements in the automotive sector. Over the past year, the company has also secured collaborations with PowerCo (Volkswagen Group), two other major global automakers, and agreements for high-volume ceramic separator production with Murata Manufacturing and Corning. These developments are expected to bolster QuantumScape's position in the battery technology market.

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