QuantumScape Stock Surges on EV Battery Breakthroughs

QuantumScape is making strides in enhancing electric vehicle battery performance, with hopes its solid-state technology will become the industry standard. Shares have surged 37.1% this week and doubled in the last month. The company recently achieved a key 2025 goal and announced advancements in production capabilities, putting it on track for field testing next year with automaker customers like Volkswagen.

QuantumScape’s solid-state batteries offer better travel range than current batteries, catering to the growing market for EVs. Investors are enthusiastic, driving up the stock price. The company will reveal more progress in its second-quarter results on July 23. Some investors are not waiting for the update to invest in this promising EV technology company.

Read more at Yahoo Finance: Why QuantumScape Stock Continued to Soar This Week