QuantumScape (NYSE: QS) shares rise, while Q3 loss misses estimates, but QSE-5 battery production begins.
QuantumScape (NYSE: QS) shares rose from $5.18 to $6.13 before trading on Thursday. The company focuses on solid-state lithium-metal batteries for electric vehicles and has a market cap of $3.11 billion. It reported a Q3 loss of $0.23 per share, missing estimates. Notably, QuantumScape has begun producing its QSE-5 battery cells, achieving significant energy density and fast charging capabilities. A partnership with PowerCo aims to scale production.
October 23, 2024
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