About a month ago, Quantumcape (Nyse: qs) has shown its new generation solid-metal-metal battery technology. This week, the company has signed an agreement that will help set up production and market this technology.
Investors have taken quantumcape shares this week accordingly, which leads to stocks approximately 14% higher for the week from Thursday afternoon, according to data provided by S&P Global Market Intelligence.
This week’s move was mainly motivated by the announcement of quantumcape that it signed a manufacturing agreement with Specialty Glass and Ceramics Company Corning. Last month, the company showed its technology live for the first time. A Ducati Racing motorcycle, fueled by its semiconductor drum cells, crossed the main scene of a mobility summit in Germany.
QuantumCape plans to provide safer and more effective batteries for electric vehicles with its solid ceramic separators. He now has a large manufacturer in Corning to help develop and market these ceramic parts.
Quantumcape was a stock of history. While providing good laboratory results, its technology had not yet been proven on a larger scale. Investors also hesitated to buy quantumcape actions until the company provides a plan to successfully market technology.
He now has a path to do with the help of Corning. This was enough for investors to believe that history will take place. If he continues to do so, the action could also continue to increase.
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