QuantumScape shares surge after Honda battery deal, next up is scale test
QuantumScape Corp. opened the new week with shares reflecting Thursday’s big Honda boost, a move that came right before the Juneteenth holiday and weekend. The stock ended June 18 at $8.04, up from $7.09 on Friday, after dropping early in the week before turning higher. QuantumScape shares moved after the company announced a joint research deal with Honda R&D aimed at working on its solid-state lithium-metal battery technology and related manufacturing. Honda R&D’s Atsushi Ogawa said the platform had “compelling and unique advantages.” QuantumScape CEO Siva Sivaram described Honda’s review as “one of the most rigorous assessments” yet for the technology.