- Special purpose acquisition corporation Kensington Capital (NYSE: KCAC) announced it will reverse merge with battery developer QuantumScape and will trade under the new symbol QS.
- QuantumScape is developing state-of-the-art solid-state battery technology that is considered the essential next step in battery development and they are miles ahead of the competition.
- The EV market is expanding at a rapid pace and will surpass that of internal combustion engines at some point over the next ten years.
- As current lithium-ion technology hits its developmental peak, QuantumScapes technology is an absolute necessity for the future of electric storage.
- Investing in QuantumScape now could yield huge gains in the longterm if you have the patience and discipline to buy and hold.
For further details see:
Kensington Capital's Merger With QuantumScape: One Man's Lithium Metal Is Another Man's Gold