Shares of QuantumScape Corp. (NYSE: QS), a developer of next-generation solid-state lithium-metal batteries, soared over 7% in pre-market trading on October 24, 2024. The surge was driven by the company's announcement of a significant milestone in the development of its advanced battery technology.
In its third-quarter 2024 earnings release, QuantumScape revealed that it has begun producing and shipping low volumes of its first B-sample cells to automotive customers for testing. These cells boast an impressive energy density of over 800 Wh/L and can be charged from 10% to 80% in less than 15 minutes, showcasing the potential of QuantumScape's solid-state battery technology.
The B-sample phase marks a crucial step in the automotive qualification cycle, as it represents the first time a battery meets all major performance specifications demanded by consumers. This milestone brings QuantumScape closer to transforming the electric vehicle marketplace by offering a no-compromise alternative to internal combustion vehicles.
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