QS - Solid Power Stock Is Surging on News From a Rival
2024-07-11 12:53:17 ET
Shares of electric vehicle (EV) battery start-up Solid Power (NASDAQ: SLDP) were moving higher on Thursday after rival QuantumScape (NYSE: QS) announced a new deal with Volkswagen (OTC: VWAGY) .
As of 11 a.m. ET today, Solid Power's shares were up about 13.5% from Wednesday's closing price.
Colorado-based Solid Power is working to develop better EV batteries. The company's investors include automakers Ford Motor Company (NYSE: F) and BMW (ETR: BMW) . It also has a manufacturing partnership with Korean battery maker SK Innovation , which supplies several major automakers, including Ford, with EV batteries.
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Solid Power Stock Is Surging on News From a Rival