QuantumScape (QS) Rockets 18.23% as Solid-State Battery Set to Transform EV Industry

We recently published 10 Stocks Stole the Show, 5 Hit Historic Highs. QuantumScape Corp. (NYSE:QS) is one of the best performers on Thursday..

QuantumScape extended its rally for a second day on Thursday, climbing 18.23 percent to close at $12.13 apiece on strong investor confidence after taking center stage at the demonstration of the Ducati V21L prototype that runs on its solid-state battery cells.

The showcase highlighted significant improvements in battery chemistry and charging performance, with the cells able to charge between 10 and 80 percent in just around 12 minutes, as compared with today’s EV charging, which takes up to hours to fully charge.

The demonstration suggested the potential for solid-state batteries like those of QuantumScape Corp. (NYSE:QS) in transforming the future of the electric vehicle industry.

“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 percent to 80 percent state of charge, and 10C continuous discharge,” QuantumScape Corp. (NYSE:QS) said in a statement earlier.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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