QuantumScape (QS) Rockets 18.23% as Solid-State Battery Set to Transform EV Industry

Group 1 - QuantumScape Corp. (NYSE:QS) experienced a significant stock price increase of 18.23%, closing at $12.13, driven by strong investor confidence following a demonstration of its solid-state battery technology [1][3]. - The demonstration showcased advancements in battery chemistry and charging performance, with the ability to charge from 10% to 80% in approximately 12 minutes, a substantial improvement over current electric vehicle charging times [2][4]. - QuantumScape's solid-state batteries exhibit impressive specifications, including an energy density of 844 Wh/L and a continuous discharge rate of 10C, indicating their potential to revolutionize the electric vehicle industry [4].