QuantumScape Advances 11% on Honda Solid-State Battery Pact, Solid Power Climbs 4% in Sympathy
Honda and QuantumScape will study solid-state battery development and manufacturing methods after rigorous testing, boosting QuantumScape shares 11% in trading.
- On Thursday, Honda Motor and QuantumScape announced a multi-year joint research agreement to develop solid-state batteries for electric vehicles and other applications.
- The partnership followed rigorous benchmarking and stress testing of QuantumScape's technology platform, with Honda Research Center COO Atsushi Ogawa citing the battery tech's "compelling and unique advantages."
- QuantumScape shares surged 11% on Thursday as trading volume reached about 271% above the three-month average, while sympathy buying lifted peer Solid Power stock by 4% to around $2.80.
- This agreement expands QuantumScape's OEM roster beyond lead partner Volkswagen Group, as the companies jointly focus on solid-state battery development and manufacturing processes.
- Upcoming operational checkpoints include scaling QuantumScape's Eagle Line production, though Honda recently canceled plans for next-generation EVs that were supposed to launch this year.
13 Articles
13 Articles
Stock Market Today, June 18: QuantumScape Jumps After Teaming Up With Honda on Solid-State Battery Research Agreement
QuantumScape (NASDAQ:QS), a solid-state battery developer for EVs, closed at $8.04, up 16.52%. Shares rose after the announcement of a new joint research agreement with Honda (NYSE:HMC) focused on development and manufacturing processes. Investors are also watching for the late-July earnings window and the company’s commercialization strategy.Trading volume reached 79.0M shares, coming in about 271% above its three-month average of 21.3M shares.…
QuantumScape Advances 11% on Honda Solid-State Battery Pact, Solid Power Climbs 4% in Sympathy
The post QuantumScape Advances 11% on Honda Solid-State Battery Pact, Solid Power Climbs 4% in Sympathy appeared first on 24/7 Wall St.. QuantumScape (QS) surges 16% after announcing multi-year joint research agreement with Honda to advance solid-state battery technology and validate QSE-5 platform. QuantumScape stock gains credibility from Honda's thorough due diligence and commitment, though insider selling by executives in May/June raises c…
QuantumScape (QS) Stock Surges 16% on Honda Partnership News
QuantumScape (QS) stock jumped 16.52% after announcing a Honda partnership for solid-state battery development. Volume surged 271% above average. The post QuantumScape (QS) Stock Surges 16% on Honda Partnership News appeared first on Blockonomi.
Coverage Details
Bias Distribution
- 60% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
