Battery Startup QuantumScape Surges After Shipping Cells to Carmakers -- WSJ

Dow Jones10-25

By Amrith Ramkumar

Shares of QuantumScape added about 20%, recovering some of a recent slide after the solid-state battery upstart said it shipped some of its high-performing battery cells to auto industry customers.

QuantumScape is part of a generation of clean-energy startups trying to turn promising technologies into viable businesses before burning through their cash.

The company's batteries offer better performance that could enable faster charging and longer ranges for electric cars.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

October 24, 2024 12:15 ET (16:15 GMT)

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