Home  »  Market Insights   »  QuantumScape Inc. (QS) stock plunges in the curren...

QuantumScape Inc. (QS) stock plunges in the current market trading. Why is it so?

QuantumScape Inc. (QS) stock declines by 12.61% in the current market trading. As of now there is no recent news available regarding this downfall in QS stock price. QuantumScape is a pioneer in the manufacture of next-generation solid-state lithium-metal batteries for electric car applications. The goal of the organization is to revolutionize energy storage in order to create a more prosperous future.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Past Developments

On April 1 QS announced that it has achieved the technical breakthrough that was a requirement for Volkswagen Group of America Investments, LLC (“VW”) to spend an additional $100 million in QuantumScape. Volkswagen had to efficiently test the new version of QuantumScape’s solid-state lithium-metal cells in their German laboratories to reach this milestone. This will be the second and final closure under VW and QuantumScape’s stock purchasing arrangement, which called for a gross investment of $200 million on May 14, 2020. Following the termination of the waiting time or any approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the transaction would be closed.

Official Remarks,

Frank Blome, head of the Volkswagen Group’s Center of Excellence Battery Cell said that they are happy to say that the QuantumScape cells achieved the technological goals that they had previously decided upon in their German laboratories. QuantumScape is pleased to have reached this landmark, and QS now look forward to acquiring and evaluating future generations of cells in order to bring solid-state technology into series development.

Jagdeep Singh, co-founder and CEO of QuantumScape said, they’re ecstatic to have reached this technical breakthrough with Volkswagen, also they’re hoping to work together to bring solid-state lithium-metal battery technology into mass production.

Despite this recent positive development in QuantumScape, the reason of decline in QS stock is still unknown.

Leave a Comment

Your email address will not be published. Required fields are marked *

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Biotech Stocks to Buy for Sep-2021

Biotechnology (biotech) refers to the use of microbes and cellular biology in health-related research and development. It is not just therapies that biotechnology companies develop.

635

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam