QuantumScape Rockets 11% to $15.92 on Solid-State Battery Breakthroughs
QuantumScape closed at $15.92 on Oct. 3, up 11.33%, nearing its 52-week high after a 150% rally this year. The company announced a partnership with Corning on Sept. 30 to scale ceramic separator manufacturing for solid-state batteries. In September, QuantumScape and VW’s PowerCo demonstrated their QSE-5 cells in a Ducati electric race bike at IAA Mobility. Q2 results showed an EPS loss of $0.20 and $798 million in cash.