QS began trading on the NYSE on friday-49% up!

QuantumScape (QS), a battery developer for electric vehicle use, began trading on the New York Stock Exchange on friday following a SPAC merger.

QuantumScape is aiming to commercialize its solid-state lithium metal batteries which it claims provide a greater range, a much faster charge time and are safer and more cost effective than conventional technologies used today.

The company is backed by Microsoft (MSFT) co-founder Bill Gates and Volkswagen (VOW.DE). Former Tesla (TSLA) Chief Technology Officer JB Straubel is currently a QuantumScope board member.

We’re really at the cusp for the beginning of this massive transformation” into electrification of vehicles.

“Whoever wins the battery battle, so to speak, is going to be looking at, in our opinion, a multi hundred billion dollar company,”

“We think that solid state technology is the technology best poised to win this battle over the long run.

finance.yahoo.com/news/ev-battery-developer-quantum-scape-begins-trading-on-nyse-153744553.html