QuantumScape (NYSE: QS) is working to bring major enhancements to the performance of electric vehicle (EV) batteries. Investors hope its solid-state battery technology will become the new standard for EVs globally. As it continues to progress toward commercializing that tech, the stock price is reflecting the company’s recent accomplishments.
QuantumScape shares have soared again this week — up by 37.1% on the week as of noon ET Friday, according to data provided by S&P Global Market Intelligence. Over the last month, the stock has more than doubled.
Image source: QuantumScape.