STOCKS TELEGRAPH

Tag: QuantumScape Corporation

  • 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.

  • 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.

  • Top 10 Auto parts stock for your portfolio

    Top 10 Auto parts stock for your portfolio

    For most investors, the auto industry was seen to be relatively quiet and boring until ‎recently. Cars are becoming ‎high-tech machines due to the rise of electric vehicles and ‎autonomous driving. Some of the up-and-coming players ‎in the space are becoming really ‎excited about these technologies. A major reason for all this interest in innovative ‎auto ‎stocks is that the nature of the car business is changing. It is no longer sufficient to have a ‎vehicle that ‎performs well mechanically. Besides, you must integrate cutting-edge ‎technology into every facet of that experience ‎as well.‎

    As well, Tesla (NASDAQ: TSLA) saw its stock soar during 2020, with more young EV ‎wannabes following in Tesla’s ‎footsteps in a frenzy of IPOs and SPACs to raise money from ‎an eager public. Even though some of the EV stocks ‎have gotten ahead of themselves in the ‎long term, many haven’t. The market cap of several companies now ‎exceeds billions, ‎despite very little revenue so far.‎‎

    Aptiv PLC (NYSE:APTV) shares were trading down -0.79% at $123.32 at the time of writing ‎on Monday.‎

    Aptiv PLC (NYSE:APTV) share price went from a low point around $29.22 to briefly over ‎‎$125.76 in past 52 weeks, though shares have since pulled back to $123.32. APTV market cap has remained high, ‎hitting $33.46B at the time of writing, giving it price-to-sales ratio of more than 2.‎

    If we look at the recent analyst rating APTV, KeyBanc Capital Markets downgraded ‎coverage on APTV shares with a Sector weight rating and a $120.32 price target, which implies ‎room for -3.0% downside momentum this year.‎

    American Axle & Manufacturing Holdings Inc. (AXL) last closed at $7.73, in a 52-week ‎range of $2.50 to $10.99. Analysts have a consensus price target of $9.00.‎

    BorgWarner Inc. (BWA) stock drop by -0.21% to $38.54. On December 2, 2020, the ‎company reported that it been awarded on Newsweek’s list of America’s Most Responsible Companies 2021. The ‎most recent rating by Wolfe Research, on November 12, 2020, is at a Peer perform.

    Dana Incorporated (NYSE:DAN) Shares headed falling, lower as much as -0.31%. The ‎company on December 7, 2020 declared that it was named one of “America’s Most Responsible Companies 2021” ‎by Newsweek Magazine. The most recent rating by Barclays, on December 17, 2020, is at an Equal weight.

    Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fall 0.00% after losing more than ‎‎$0.0 on Monday. The firm recently revealed that the it will join the University of Michigan’s TechLab at Mcity ‎‎2021 startup cohort, managed by the Center for Entrepreneurship.‎

    Gentex Corporation (GNTX) last closed at $33.51, in a 52-week range of $19.48 to $34.01. ‎The BOD of the company on December 2, 2020 announce fourth quarter 2020 cash dividend. Analysts have a ‎consensus price target of $34.97.‎

    The Goodyear Tire & Rubber Company (GT) stock drop by -1.44% to $10.29. The company ‎and SafeAI, on December 10, 2020 reported a strategic relationship to incorporate tire intelligence into the ‎programming of autonomous heavy equipment vehicles. The most recent rating by Morgan Stanley, on December ‎‎11, 2020, is at an Equal-weight.‎

    Hyliion Holdings Corp. (NYSE:HYLN) Shares headed falling, lower as much as -1.83%. The ‎most recent rating by Barclays, on December 16, 2020, is at an Overweight.‎

    LKQ Corporation (NASDAQ:LKQ) fall -0.64% after losing more than -$0.23 on ‎Monday.

    QuantumScape Corporation (QS) last closed at $94.90, in a 52-week range of $9.74 to ‎‎$87.50. The company on December 8, 2020 released performance data for its solid-state battery technology. ‎Analysts have a consensus price target of $28.00.‎

    Tenneco Inc. (TEN) stock soar by 0.10% to $9.83. The company on December 9, 2020 ‎revealed that it has been named to Newsweek’s 2021 list of America’s Most Responsible Companies. The most ‎recent rating by JP Morgan, on April 02, 2020, is at a Neutral.

    Westport Fuel Systems Inc. (NASDAQ:WPRT) Shares headed falling, lower as much as -‎‎0.59%. The most recent rating by Lake Street, on May 10, 2019, is at a Buy.