QuantumScape Surges After Reaching Solid-State Battery Pact with Honda
QuantumScape (QS) rose over 11% following the announcement of a multi-year solid-state battery development agreement with Honda. The deal, reached after rigorous testing by Honda's R&D COO Atsushi Ogawa, has also boosted peer company Solid Power (SLDP) by 4%. Despite recent gains, QuantumScape remains down more than 24% year-to-date.
Topics: automotive partnerships solid-state batteries stock price movement