Quantumscape Corp. (QS), a leading developer of solid-state battery technology, saw its stock surge by 5.18% during Thursday's trading session. This significant price movement occurred following the company's Q4 2024 earnings release and positive outlook for 2025.

According to the earnings call transcript, Quantumscape achieved several key milestones in 2024, including the successful shipment of Alpha-2 samples, the ramp-up of the Raptor separator process, and the commencement of low-volume B0 production of QSE-5 cells with industry-leading performance metrics. The company also released its advanced Cobra separator heat treatment equipment, paving the way for higher volume B1 production in 2025.

For 2025, Quantumscape outlined ambitious goals, including the integration of the Cobra process into baseline production, the installation of higher-volume cell production equipment, and the shipment of QSE-5 B1 samples to support the demonstration phase of their prospective customer's launch program targeted for 2026. Additionally, the company aims to expand its commercial engagements and licensing partnerships, with active discussions ongoing with two automotive OEMs.