QuantumScape Corp. (QS) stock soared 15.94% in premarket trading on Thursday, following the company's announcement of a major technological breakthrough with its next-generation solid-state battery separator production process called "Cobra".
The company revealed that it has successfully developed, delivered, installed, and released for initial processing the Cobra equipment - a next-generation heat treatment system for its separator production. This milestone puts QuantumScape on track to deliver higher-volume samples of its first planned commercial product, the QSE-5 solid-state battery, in 2025.
QuantumScape highlighted that the Cobra process represents a significant innovation in ceramic solid-state separator production, benefiting both scalability and cost efficiency. The company's CEO expressed confidence in their ability to continue building momentum towards the gigawatt-hour scale-up of its battery technology, aided by this achievement.
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