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  • QuantumScape (QS) Stock Surges In After-Hour Trading On Production Milestone

    QuantumScape (QS) Stock Surges In After-Hour Trading On Production Milestone

    Following a significant production milestone, QuantumScape Corporation’s (NYSE: QS) shares saw a big increase, rising 32.10% in after-hours trading to end at $5.72. QuantumScape’s revelation of the successful integration of its state-of-the-art Cobra separator method into baseline cell production—a significant step in the company’s scale-up ambitions for solid-state battery manufacturing—sparked the market surge.

    Cobra Platform: A Transformational Innovation

    The Cobra process serves as the cornerstone of QuantumScape’s high-throughput, continuous-flow ceramic separator production platform. It promises faster, more energy-efficient output and operates within a substantially reduced equipment footprint compared to its predecessor, the Raptor process.

    Most notably, Cobra delivers an approximate 25-fold increase in heat treatment speed and uses far less physical space per film start—an essential factor for scalable gigafactory design.

    Pathway to Scalable Solid-State Battery Production

    Cobra marks a step-change advancement in ceramic processing for solid-state batteries, significantly improving both productivity and efficiency. By replacing the Raptor process, which was instrumental in B0 cell production, Cobra now establishes the new baseline for future development.

    This innovation is expected to underpin the ramp-up to higher-volume B1 sample production, with ongoing refinements anticipated in subsequent Cobra iterations.

    Strategic Collaboration with Murata

    QuantumScape has begun the first stage of a partnership with Japan’s Murata Manufacturing Co. to advance its scale-up goals. The collaboration intends to investigate producing ceramic films in large quantities for QuantumScape’s battery technology.

    The partnership provides potential for the large-scale commercialization of solid-state battery technology by combining Murata’s industrial production experience and worldwide presence with QuantumScape’s exclusive Cobra technology. With alliances growing and the Cobra process fully integrated, QuantumScape is ready to spearhead the next wave of innovation in solid-state battery production.

    With a strong emphasis on research and technical improvement, QS is speeding the commercialization of its solid-state battery technology by utilizing a network of industry-leading partners. QuantumScape is making a smooth route to commercialization while maximizing resources for ongoing innovation by working with specialists in crucial fields.

  • QuantumScape (QS) Stock Rises Following Milestone Achievement

    QuantumScape (QS) Stock Rises Following Milestone Achievement

    QuantumScape Corporation (NYSE: QS) stock is witnessing a 5.10% rise as of the last check today, reaching $5.15 following the announcement of a significant product development milestone. QS unveiled the successful development, delivery, and installation of Cobra, a next-generation heat treatment system for its separator production process.

    Cobra: A Breakthrough in Separator Technology

    The Cobra equipment represents a transformative leap in the ceramic solid-state separator production process. Designed to enhance scalability and cost efficiency, Cobra’s integration into QuantumScape’s manufacturing operations marks a pivotal moment in the commercialization journey of solid-state batteries for electric vehicles (EVs).

    This milestone aligns with the company’s roadmap to deliver high-volume samples of its first commercial product, QSE-5, by 2025. Cobra’s innovation stems from years of intensive research and development on QuantumScape’s fast separator production process. As the company aims for gigawatt-hour-scale production, Cobra’s installation positions QuantumScape to lead in advanced ceramics manufacturing and solid-state battery technology.

    Progress Toward 2024 Objectives

    QuantumScape set ambitious goals for 2024, focusing on integrating prior advancements into QSE-5. The Cobra milestone fulfills the final of four annual objectives, underscoring the company’s ability to execute its strategic vision. This follows a series of achievements, including the production and shipping of low-volume B sample battery cells to automotive customers in October.

    These B samples, featuring an energy density of 844 Wh/L and a fast charge capability of 10% to 80% in just 12.2 minutes, represent a significant advancement in EV battery performance. Earlier in 2024, QuantumScape began shipping Alpha-2 samples, precursors to the B samples, to customers for evaluation. Additionally, Raptor, an earlier stage of the separator production process, became part of the company’s baseline production in Q3 2024.

    Path to Commercialization

    With the successful integration of Cobra, QuantumScape is firmly on track to scale its battery technology for EVs. As it moves closer to commercial production, the company’s innovations continue to redefine industry standards, signaling a transformative era for solid-state batteries.

  • QuantumScape Corporation (QS) stock is losing in pre-market. Here’s why

    QuantumScape Corporation (QS) stock is losing in pre-market. Here’s why

    The stock of QuantumScape Corporation (QS) closed the regular trading session at $16.99, losing 2.97% from the previous trading session. During the last check, the stock of QS lost 7.06% more, in the pre-market. QS announced the results for its fourth financial quarter of the fiscal year 2021. The company also filed form 8-K with the SEC on February 16, 2022.

    QuantumScape is an organization that investigates strong state lithium metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future. QS was founded in 2010 and is headquartered in San Jose, California, USA.

    QS Financials

    On February 16, 2022, QS released the financial results for the fourth quarter of the fiscal year 2021. The company reported an operating expense of $67.1 million in the fourth quarter of FY21 versus $30.1 million in Q4 of FY20. Moreover, QS reported a net loss of $67.2 million in the fourth quarter of FY21 as compared to $1.2 billion in Q4 of FY20. The diluted loss per share of the company during Q4 of FY21 was $0.16 versus $4.42 in Q4 of FY20. Net loss to adjusted EBITDA for the fourth quarter of FY21 was $47.3 million against $20.8 million in Q4 of FY20.

    QS also announced that they have successfully produced their first 16-layer cells. They also revealed a single-layer cell that is proficient in fast charging from 10% to 80% in 15 minutes.

    CEO Remarks

    The CEO of QuantumScape, Jagdeep Singh, said that the previous quarter denoted the end of their first entire year as a public organization. He further said that they are proud to announce to have completed the technical goals for the fiscal year 2021.

    Mr. Singh concluded that the company has an opportunity to impact greenhouse gas emissions, making substantial investor value. They look forward to reporting their growth on these milestones in the preceding quarters.

  • What led to the increase in share price of QuantumScape Corporation (QS) stock?

    What led to the increase in share price of QuantumScape Corporation (QS) stock?

    QuantumScape Corporation (QS) announced on 31st March 2021 that Volkswagen Group of America Investments, LLC successfully approved the second $100 million investment under the May 14thstock purchase agreement between QuantumScape and Volkswagen. QS stock increased 1.54% and closed at $44.75 after the announcement of the agreement.

    Overview of QuantumScape Corporation

    QuantumScape Corporation is a United States company that is a leader in the production of next generation solid state lithium metal batteries, which are generally cheaper, that are used in electric vehicles.  QuantumScape was founded in 2010 and later in 2012 they started working with the German automobile giant Volkswagen. Volkswagen is the biggest shareholder of QuantumScape after the $100 million investment. QuantumScape and Volkswagen have established a joint project for the mass production of solid state batteries. One of the biggest investors include the billionaire philanthropist and founder of Microsoft, Bill Gates. QuantumScape has almost 200 employees and is on a mission to revolutionize energy storage to enable sustainable storage.

    $100 million dollar investment agreement

    QuantumScape Corporation announced on Wednesday 31st March 2021 that they have successfully met the technical milestone, a condition that was set to close the additional $100 million investment by Volkswagen Group of America Investments, LLC in QuantumScape. The technical milestone included Volkswagen to test the successful latest generation of QuantumScape’s solid-state lithium-metal cells in their German labs. The test turned out to be a success. Under the 14th May 2020 stock purchase agreement, this will be the second and last closing between Volkswagen and QuantumScape. This marks the total of $200 million Volkswagen has now invested in QuantumScape.

    Effect on QS stock

    QS Stock soared a stunning 14.64% in after-hours trading session after the announcement of the successful completion of this technical milestone. The QS stock closed at $44.75, increasing 1.54% on 31st March 2021. Last week, the QS shares were down 12.4% on Wednesday, after a 10.6% drop on Tuesday. This happened after the company had announced its intention to raise more capital through the public offering of common stock. But the recent development regarding the $100 million investment agreement has proved beneficial for QS stock and its price increased gradually.

  • QuantumScape Inc. (QS) stock rises during ore-market session. Here’s what’s happening:

    QuantumScape Inc. (NASDAQ: QS) stock gained by 8.34% in the last trading close whereas the QS stock price declines by 8.52% in the pre-market trading session. The rise and decline in QS stock has been observed after QuantumScape announced its underwritten public offering of Class A common stock. QuantumScape deals with production of solid state lithium metal batteries for electric cars. The American Company, aims to bring advancement in energy storage to ensure a sustainable future.

    Motive of QuantumScape behind this public offering

    On March 22, QuantumScape started off an underwritten public offering comprised of 13,000,000 shares of its Class A common stock offered by QuantumScape. Under this offering, the underwriters will have a 30-day option to buy up to an additional 1,950,000 shares of Class A common stock from QuantumScape. The offering is dependent on market conditions, and there is no assurance to whether or when it will be completed, or as to the size or terms of the offering.

    The motive of this offering is that QuantumScape will utilize the money generated through this offering:

    • Firstly QuantumScape is looking forward to make a larger QS-0 pre-pilot line than the already announced one.
    • To finance its full share of equity contributions for its joint project with VW for the previously disclosed 20GWh expansion of QS-1 joint manufacturing facility.
    • And lastly for working capital and general corporate purposes.

    Meanwhile,

    Goldman Sachs & Co. LLC and Morgan Stanley are working together to joint lead book running managers for this offering. As well as, Deutsche Bank Securities is also working as an additional book-running manager.  It has also been declared that the offering will only be finalized through the means of a prospectus.