Why QuantumScape Could Accelerate in New Year 2023

Investors may want to keep an eye on QuantumScape (QS).

After a devastating year, the company is starting to show signs of life.  For one, the company is developing a new generation of batteries that could allow EVs to drive thousands of miles on just one charge.  Your average EV can get about 250 miles out of a charge.

Better, according to Yahoo Finance, “QuantumScape’s data showed its battery cell could charge to 80% of capacity in 15 minutes. Further, it retains more than 80% of its capacity after 800 charging cycles, is non-combustible, and boasts nearly double the energy density of high-end commercial lithium batteries.”

Today, on a volume spike to 12 million shares, as compared to daily average volume of 7.06 million, the company is on the move.  All after announcing it shipped its first 24-layer prototype battery cells to automotive OEMs for testing.

As noted in a company release, “Delivery of these cells, referred to as A0 samples, was the company’s key public milestone for the year, and achieving this goal represents an important step toward the commercialization of this technology. With 24 layers, each comprising a solid-state separator, a cathode, and an in-situ-formed lithium-metal anode, these prototype cells have capacities in the multi-amp-hour range, a range the company believes is relevant for a variety of applications, including automotive and consumer electronics.”

From a current price of $6, we’d like to see the stock challenge $7.50 initially.