QuantumScape Stock Soars
QuantumScape’s stock rallies after a breakthrough in its Cobra battery manufacturing process, signaling investor confidence in the company’s solid-state battery future.

QuantumScape: What’s happening behind the QS Stock Performance?

TECHi's Author Warisha Rashid
Opposing Author Forbes Read Source Article
Last Updated
TECHi's Take
Warisha Rashid
Warisha Rashid
  • Words 281
  • Estimated Read 2 min

The most recent success of QuantumScape with its Cobra separator process is an important point in the history of moving solid-state batteries into the electric vehicle world. The new process makes the heat treatment process about 25 times faster than the process adopted by company previously, and occupies far less space. Such changes are significant since they facilitate the production of large-scale batteries at a lower cost. That milestone brings QuantumScape a step closer to its technology being commercially feasible. The alliance between the company and the PowerCo of Volkswagen provides vitality to the future strategy of the company. 

Despite such good news, QuantumScape has many obstacles to overcome. The firm is yet to begin collecting more profits, as it has been operating in a rough market. Toyota, Samsung and LG Chem are just some examples of big companies that are also developing solid-state batteries and have greater resources and experience. There are others already getting nearer to the commercial production of batteries. This is forcing QuantumScape to deliver on its production targets in the near future. The losses incurred by the company and the fluctuations in the price of the stock indicate the hardness of turning the new technology into stable profits. 

The Cobra process provides QuantumScape with a healthy foundation on which it can grow in the future. This will be very critical in ensuring that it meets its production needs in 2025 in a bid to exploit the increasing need for improved batteries in electric vehicles. The company is yet to scale some more obstacles, but with this milestone, it is now hopeful that QuantumScape is on its way to developing products into a manufacturing giant in the battery sector.

Forbes

Forbes

  • Words 20
  • Estimated Read 1 min
Read Article

QuantumScape Corporation (NYSE: QS) recently achieved a significant manufacturing milestone, leading to a 35% surge in its stock during after-hours trading.

Source

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.

Balanced Perspective

TECHi weighs both sides before reaching a conclusion.

TECHi’s editorial take above outlines the reasoning that supports this position.

More Two Takes from Forbes

Google RCS Update Ends Text Privacy on Work Phones
Google RCS Update Ends Text Privacy on Work Phones

Google’s new Android update means your text messages on work phones are no longer private. The update lets employers access…

Google Drive Reports Thousands of Outages Wednesday Afternoon
Google Drive Reports Thousands of Outages Wednesday Afternoon

The Google Drive outage underscores the vulnerability of cloud-based productivity tools that millions of businesses and individuals rely on daily.…

Oracle Shares Face Risk of Sharp Decline Despite Strong Momentum
Oracle Shares Face Risk of Sharp Decline Despite Strong Momentum

Oracle’s current position in the market reflects both the strength of its strategic pivot to cloud computing and the risks…

Adobe Shares Now 38% Cheaper, Pricing Power Suggests a Buying Opportunity
Adobe Shares Now 38% Cheaper, Pricing Power Suggests a Buying Opportunity

Adobe’s current valuation reset presents a notable moment in the broader narrative of software pricing power. Despite the recent 38…