QuantumScape has achieved its 2025 goal of expanding its commercial engagement, including signing a joint development agreement with a top-10 global automaker, marking a successful year of collaborations and partnerships in the battery industry.
QuantumScape announced a breakthrough in its solid-state lithium-metal battery technology by successfully integrating its Cobra separator process into baseline cell production, leading to a 37% premarket stock surge and marking significant progress toward commercializing next-generation EV batteries.
QuantumScape's stock surged 37% after announcing a breakthrough in integrating its Cobra separator process into baseline cell production, marking significant progress in commercializing its next-generation solid-state lithium-metal batteries for electric vehicles.
QuantumScape's stock surged 44% after announcing a key milestone in solid-state EV battery technology, specifically the baseline production of its improved Cobra separator process, bringing the company closer to commercial viability by 2026, with Volkswagen as a major early adopter.
Stock futures are mostly up as investors monitor geopolitical developments and Federal Reserve testimony. Key movers include FedEx, which reported strong earnings but lowered its outlook; BlackBerry, which raised its sales guidance; QuantumScape, which achieved a major milestone in battery tech; Worthington, which beat earnings estimates; and Coinbase, which benefited from regulatory news. Nvidia remains near its record high, while Micron preps for earnings amid growing AI demand for memory solutions.
Shares of Lucid Motors, QuantumScape, and Navitas Semiconductor surged due to California's announcement to compensate for a potential repeal of the federal EV tax credit, which could have led to a significant drop in EV sales. Governor Gavin Newsom's proposal includes market-share restrictions that might exclude Tesla, potentially benefiting competitors like Lucid. The rally raises questions about whether it's a market turnaround or a temporary bounce, given the ongoing challenges in the EV sector.
Lucid, Fisker, and QuantumScape stocks dropped due to reports of higher-than-expected inflation, a shift of investor funds towards cryptocurrencies, and away from stocks. Lucid's stock declined after it delivered more electric cars than it sold, indicating weak demand. Fisker aims to boost enthusiasm by hosting a large owner meetup, while QuantumScape, Fisker, and Lucid face challenges amid significant cash burn rates.
QuantumScape (NYSE:QS), an EV battery company, saw its stock surge over 40% after Volkswagen's PowerCo confirmed its solid-state lithium-metal battery passed a significant endurance test. Despite the positive news and backing from high-profile investors, the company remains speculative with a history of stock volatility and is still expected to incur losses in the near future. Analysts are cautious, with no current "buy" ratings, and the stock faces stiff competition in the EV battery sector. Investors are advised to be wary, as the recent stock rally may be influenced by a short squeeze and may not be sustainable.
Volkswagen's PowerCo has successfully tested QuantumScape's new solid state battery for electric vehicles, which exceeded expectations in the A-sample test, completing over 1,000 charging cycles with minimal capacity loss. This achievement brings the solid state battery technology closer to commercial production, with series production potentially starting in 2024. The test results suggest a significant advancement in EV battery durability and longevity, potentially offering over 500,000 kilometers (approximately 311,000 miles) of total mileage. PowerCo is also planning to build a series of gigafactories for battery production, emphasizing sustainability and recycling.
QuantumScape's stock (QS) experienced a significant increase after Volkswagen's battery subsidiary PowerCo announced successful endurance test results for QuantumScape's solid-state battery (SSB). The 24-layer SSB surpassed expectations by completing over 1,000 charging cycles while retaining more than 95% capacity, indicating a potential for high-mileage electric vehicles with durable and quickly chargeable batteries. Despite the breakthrough, no timeline has been provided for the production or commercialization of the SSB, leaving investors anticipating further developments.
QuantumScape, the solid-state battery developer, has made significant progress towards commercialization in the EV segment. In its Q2 2023 report, the company announced the shipment of high cathode-loading cells to automotive partners and revealed a potential launch partner for its first product. QuantumScape's prototype cells have passed safety tests and it has demonstrated a 10-80% fast charge in 15 minutes. The company also outlined plans for implementing a fast separator heat-treatment process in manufacturing. With over $900 million in liquidity, QuantumScape expects to continue development into the second half of 2025.
Jim Cramer, a well-known financial commentator, advised against investing in QuantumScape, stating it is a "hard pass." He also expressed caution about Jackson Financial due to its high yield, considering it a red flag.