US Stock Market Move | Providing technical support for the first solid-state battery test vehicle for the public, QuantumScape (QS.US) surged over 26%.
On Monday, QuantumScape (QS.US) surged over 26%, closing at $9.88.
On Monday, QuantumScape (QS.US) surged more than 26%, reaching $9.88. In terms of news, Volkswagen released for the first time an electric test vehicle powered by solid-state batteries. This technology, which is still in its early stages, is expected to lower the cost of electric vehicles and extend their lifespan. Volkswagen stated that the fully electric test motorcycle uses technology provided by the American company QuantumScape, of which Volkswagen is a shareholder.
Thomas Schmall, a member of Volkswagen's board responsible for technical affairs, stated: "Solid-state batteries have the potential to become a disruptive technology in the field of electric mobility. Together with our partner QuantumScape, our goal is to industrialize this technology and take the next step towards mass production."
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