Core Insights - QuantumScape Corp. (QS) and SES AI Corp. (SES) are competing in the lithium-based battery market with differing strategies [1] - QuantumScape focuses on fully solid-state batteries for electric vehicles (EVs), while SES AI combines lithium-metal batteries with artificial intelligence [2] QuantumScape Overview - QuantumScape aims to deliver lighter, faster-charging, and safer solid-state batteries compared to lithium-ion technology, representing a significant breakthrough for EVs [5] - The company launched its Cobra manufacturing process in June 2025, which is 25 times faster than the previous Raptor system, facilitating large-scale production [6] - QuantumScape's shares have increased by approximately 104% year-to-date, indicating strong investor interest [3][7] - The company has begun delivering B1 samples produced with the Cobra process to automakers, with several major manufacturers evaluating these new cells [6] - Partnerships are crucial for QuantumScape, including a $131 million agreement with Volkswagen's PowerCo to support the QSE-5 pilot line [9] - QuantumScape recorded $12.8 million in customer billings for the first time in Q3, marking progress toward commercialization [10] SES AI Overview - SES AI is integrating AI with lithium-metal batteries, targeting higher energy density for various applications, including EVs and energy storage [12] - The company is in the early stages of commercialization and faces challenges in scaling production of lithium-metal batteries [12] - SES AI's Molecular Universe platform uses AI to optimize battery materials, with plans to monetize through software subscriptions and battery products [13] - The acquisition of UZ Energy allows SES to enter the energy storage systems market, targeting a $300 billion opportunity [14] - SES AI's revenues reached $16.4 million in the first nine months of 2025, with a full-year target of $20–$25 million [17] Comparative Analysis - QuantumScape's focused strategy on solid-state batteries provides clearer execution visibility compared to SES AI's broader approach, which includes multiple technologies and markets [18][19] - SES AI's diverse strategy increases execution risk, especially with limited revenues at this stage [18] - QuantumScape's recent manufacturing advancements and OEM support suggest a more straightforward path to market [19] - QuantumScape is currently rated as a better investment option compared to SES AI, which has a lower ranking [20]

Core Insights - The solid-state battery sector is experiencing increased activity, with Factorial Energy planning to go public in mid-2026 to raise $100 million for its battery technology [1][3] - The public listing is expected to enhance investor interest in the solid-state battery market and raise questions about the positioning of established players like QuantumScape and Solid Power [2] Factorial's Public Debut - Factorial will go public through a SPAC merger with Cartesian Growth Corporation III, valuing the company at approximately $1.1 billion and allowing it to avoid traditional IPO hurdles [3] - The company aims to start trading on Nasdaq under the ticker FAC around mid-2026 [3] Partnerships and Technology - Factorial collaborates with major automakers such as Mercedes-Benz, Stellantis, and Hyundai, which facilitates real-world testing and commercialization of its batteries [4] - The company's solid-state batteries promise higher energy storage, lighter weight, faster charging, and longer driving ranges compared to conventional lithium-ion cells [4] Performance Potential - In tests, a Factorial battery cell enabled a prototype vehicle from Mercedes to travel nearly 750 miles on a single charge, indicating significant potential for electric vehicles [5] - Factorial's batteries are expected to first appear in high-performance or luxury vehicles, with plans to expand into more affordable models over time [5] Industry Context - Solid-state batteries represent the next evolution in EV energy storage, offering improved safety and energy density compared to lithium-ion cells [6] - Despite their promise, challenges remain in scaling production, with high costs and complex manufacturing processes posing significant hurdles [7] Competitive Landscape - Factorial enters a competitive space that includes QuantumScape and Solid Power, both of which are also focused on solid-state battery development [8] - QuantumScape has made strides in manufacturing and testing, with its Cobra process being 25 times faster and more compact than previous systems, showcasing tangible progress [9] - Solid Power emphasizes collaborations with automakers like BMW and Ford, advancing pilot-scale production and focusing on operational efficiency [10][11] Investor Considerations - Investors are evaluating the three companies based on risk versus visibility, with QuantumScape providing a clearer roadmap but facing execution risks, while Solid Power has strong OEM ties and measured progress [12] - Factorial, being newer and less proven, benefits from strong partnerships and a significant capital injection from its SPAC merger, potentially accelerating early adoption of its technology [12] Overall Implications - Factorial's upcoming IPO is a significant development in the solid-state battery sector, potentially accelerating industry momentum and pushing automakers towards faster adoption of solid-state technology [13]

记者丨刘夏菲 编辑丨巫燕玲 2025年，香港交易所的上市锣声格外密集。 若以全年117家新上市公司计算，平均每两个交易日，就有一声鸣锣在维港畔响起。 "含A量"提升 据德勤中国市场服务部预测，2025年港股IPO市场融资额预计将达2863亿港元（约360亿美元），超越纳斯达克全年预期，锁定全球 第一。 港股IPO规模扩张的背后，一批大型IPO项目贡献了绝对力量。 而聚焦2025年港股募资额前十大IPO企业，一个值得关注的现象是，其中有6家都是"A＋H"上市企业。 从动力电池龙头宁德时代，到医药巨头恒瑞医药，再到消费白马海天味业，以及三一重工、赛力斯、三花智控等行业龙头，仅这6家 公司的合计募资额就高达1033.20亿港元，贡献了港股全年IPO募资额的36.12%。 此外，募资规模位列第二的紫金黄金国际，则由A股公司紫金矿业分拆而来。 伴随着密集的锣声，全球资本市场的目光再次聚焦于此—— 时隔数年，港股市场以预计超过2800亿港元的IPO募资总额，重夺全球 募资榜首 。 这一年，恰逢港交所成立二十五周年。走过四分之一世纪，港股此番"王者归来"，在IPO融资规模重新登顶之外，市场的核心叙事也 已悄然生变。 聚焦港 ...

QuantumScape (QS) had a blockbuster 2025 with shares currently up more than 100% and up more than 200% versus their year-to-date low set in the first week of April. Still, there’s reason to expect QS stock to push higher in the new year, especially since the company is expected to report its first revenue in 2025. More News from Barchart At the time of writing, QuantumScape shares are down roughly 40% versus their October high – suggesting valuation may not be as high as many believe either. www.barch ...

Market Overview - The U.S. stock market experienced a slight decline on December 26, 2025, primarily due to low trading volume following the Christmas holiday, with many institutional investors absent for the year [1] - Major indexes such as the S&P 500, Dow, and Nasdaq saw small dips, ending short winning streaks observed earlier in the week [1][9] Investment Strategy - During the holiday season, equity investors may favor dividend-growth stocks over high price-growth stocks, as companies with a consistent history of dividend increases often exhibit strong financial health [2] - Dividend-growth stocks provide a defensive hedge against economic uncertainty and market volatility, making them attractive during periods of low market activity [4] Dividend Growth Stocks - Stocks with a strong history of year-over-year dividend growth are considered healthier investments, offering greater potential for capital appreciation compared to simple dividend-paying stocks [3][6] - Five selected dividend-growth stocks include: - Woodward Inc. (WWD): Expected revenue growth of 11.1% for fiscal 2026, long-term earnings growth rate of 15.20%, and an annual dividend yield of 0.36% [10] - Enersys (ENS): Projected revenue growth of 4% for fiscal 2026, long-term earnings growth rate of 15%, and an annual dividend yield of 0.70% [11] - Donaldson (DCI): Anticipated revenue growth of 3.5% for fiscal 2026, long-term earnings growth rate of 10%, and an annual dividend yield of 1.31% [12] - Rockwell Automation (ROK): Expected revenue growth of 5.8% for fiscal 2026, long-term earnings growth rate of 12.4%, and an annual dividend yield of 1.38% [13] - Vertiv Holdings (VRT): Projected revenue growth of 27.5% for fiscal 2025, long-term earnings growth rate of 30.2%, and an annual dividend yield of 0.15% [14] Stock Selection Criteria - Stocks selected for their strong fundamentals include criteria such as: - 5-Year Historical Dividend Growth Greater Than Zero [6] - 5-Year Historical Sales Growth Greater Than Zero [7] - 5-Year Historical EPS Growth Greater Than Zero [7] - Next 3-5 Year EPS Growth Rate Greater Than Zero [7] - Price/Cash Flow Less Than Industry Median [8] - 52-Week Price Change Greater Than S&P 500 [8]

The QuantumScape stock price has suffered a harsh reversal in the past few days as it plunged by ~40% from its highest point this year. It was trading at $11.20, down from the year-to-date high of $19. Still, the QS stock is up by 115% this year, bringing its market capitalization to over $6.7 billion. So, is this a good stock to buy in 2026 as the short interest hits 10%? Why QuantumScape stock price jumped Copy link to section The QS stock price jumped this year after the company announced a new approach ...

Funds raised in Hong Kong reached nearly HK$275 billion (US$35.4 billion) from 106 initial public offerings (IPO) as of December 12, helping the city become the world's top listing venue, the stock exchange operator said in a year-end review. "2025 has been a year of momentum - global investors returned with conviction, and innovation from the Chinese mainland and across Asia kept our markets vibrant," said Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX). Four of these companies featu ...

Asian stocks ended mostly lower on Thursday after the S&P 500 and the tech-heavy Nasdaq plummeted to three-week lows overnight on concerns about lofty valuations for stocks. After recent employment data painted a mixed picture of the world's largest , traders also braced for key U.S. inflation reading later in the day that could influence the Federal Reserve's rate trajectory in the new year. The dollar was broadly firm in Asian trade ahead of a slew of central bank meetings this week. Gold dipped slightly ...

“By contrast, AI-related investment is still gaining momentum across all sectors. Western Europe remains well positioned here, with strong research and development capabilities and deep engineering talent pools, which continue to attract international companies seeking to establish advanced research, data and engineering hubs.”"Industrial projects in Western Europe are likely to continue decreasing, but the impact is now spreading to other activity types. Green tech and renewable-energy investments, which w ...

#全球首条具身智能机器人产线投运 #【全球首条！具身智能机器人在宁德时代电池产线实现规模化落 地】# 人形机器人小墨已会电池接插# 近日，全球首条实现人形具身智能机器人规模化落地的新能源动 力电池PACK生产线，在宁德时代中州基地正式投入运行。人形机器人"小墨"已能精准完成电池接插件 插接等复杂作业，标志着具身智能在智能制造领域的应用取得里程碑式突破。（宁德时代微信公号，泽 塔） ...