QuantumScape (QS) Jumps 21% as New Ducati Unveils Cobra-Produced Solid-State Battery

We recently published 10 Stocks With Eye-Popping Gains; 7 Soar to Fresh Highs. QuantumScape Corp. (NYSE:QS) is one of the top performers on Monday.

QuantumScape rallied for a second straight day on Monday, adding 21.05 percent to end at $9.49 apiece after it showcased its solid-state lithium metal batteries for a Ducati motorcycle in Munich, Germany.

In a press conference at the IAA Mobility on Monday, QuantumScape Corp. (NYSE:QS) and PowerCo SE, Volkswagen’s battery subsidiary, unveiled the Ducati V21L equipped with QSE-5 battery cells that were produced using the QS Cobra production process.

The demonstration bike contained a first-of-its-kind battery system designed by specialists at VW Group-owned Audi specifically for QS solid-state battery cells, and highlighted the potential capabilities of the technology on the racetrack.

“This will be a rigorous proving ground for QS technology, which has shown unique capabilities, including 844 Wh/L energy density, just over 12-minute fast charging from 10% to 80% state of charge, and 10C continuous discharge,” QuantumScape Corp. (NYSE:QS) said.

For his part, PowerCo CEO Frank Blome said solid-state batteries “will redefine what’s possible for high-performance, premium vehicles.”

“Today’s historic demonstration is just the beginning. We’re combining QuantumScape’s world-class battery scientists with PowerCo’s manufacturing expertise to bring game-changing solid-state battery technology to the world as soon as possible,” he noted.

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Disclosure: None. This article is originally published at Insider Monkey.