QS - Why QuantumScape Stock Is Up Today
2024-03-27 14:25:42 ET
Shares of electric vehicle (EV) battery start-up QuantumScape (NYSE: QS) were trading higher on Wednesday after the company said it had hit a key milestone on its development path.
As of 2 p.m. ET, QuantumScape's stock was up about 7.2% from Tuesday's closing price.
QuantumScape said in a statement that it has begun shipping a new prototype battery to its automaker customers for evaluation. The prototype battery, called Alpha-2, incorporates many of the improvements QuantumScape has made to its design and production processes over the past year. Delivering it to customers is a milestone in the company's 2024 plan .
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Why QuantumScape Stock Is Up Today