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11.07.2024 17:52:14 - dpa-AFX: QuantumScape Surges On Agreement With Volkswagen's PowerCo For Mass Production Of Lithium Batteries
WOLFSBURG (dpa-AFX) - QuantumScape Corp. (QS) shares are gaining more than
28 percent on Thursday morning trade after signing an agreement with Volkswagen
Group's battery company PowerCo to industrialize next-generation solid-state
lithium-metal battery technology.
As per the agreement, QuantumScape will grant a non-exclusive license to
PowerCo, for the mass production of battery cells of up to 40 gigawatt-hours per
year. There will be an option to expand to 80 GWh annually, enough to outfit
approximately one million vehicles per year.
The financial aspects of the deal and royalty are not revealed.
Currently, QuantumScape is at $6.95, up 28.25 percent from the previous close of
$5.41 on a volume of 55,352,827.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
28 percent on Thursday morning trade after signing an agreement with Volkswagen
Group's battery company PowerCo to industrialize next-generation solid-state
lithium-metal battery technology.
As per the agreement, QuantumScape will grant a non-exclusive license to
PowerCo, for the mass production of battery cells of up to 40 gigawatt-hours per
year. There will be an option to expand to 80 GWh annually, enough to outfit
approximately one million vehicles per year.
The financial aspects of the deal and royalty are not revealed.
Currently, QuantumScape is at $6.95, up 28.25 percent from the previous close of
$5.41 on a volume of 55,352,827.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
VOLKSWAGEN AG VZO O.N. | 766403 | Frankfurt | 103,150 | 31.07.24 21:48:53 | -0,950 | -0,91% | 0,000 | 0,000 | 104,500 | 104,100 |
