QuantumScape Stock Climbed 2% in Premarket Trading

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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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Comment（6）

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