Struggling with Trading? Let Apollo Do the Heavy Lifting! (From DTI) QuantumScape Pulls Back After July Surge: Is It Ready to Rebound? After 13 years, QuantumScape Co. (NYSE: QS) is getting closer to the launch of its first commercial solid-state lithium-metal (SSLM) battery. Its announcement of the extended production agreement with Volkswagen AG (OTCMKTS: VWAGY) subsidiary PowerCo sent shares rocketing over 40% up to $9.52 on July 17, 2024. Shares have since pulled back down to complete the gap-fill at $5.45, and it's getting ready to bounce again. The company is targeting 2025 to begin high-volume production of its solid-state electrolyte separator. The launch of its first commercial product, QSE-5, will follow after. QuantumScape operates in the auto/tires/trucks sector, competing with EV battery technology companies, including NIO Inc. (NYSE: NIO), Enovix Co. (NASDAQ: ENVX), and Tesla Inc. (NASDAQ: TSLA). Hidden in America's forgotten towns, a groundbreaking energy discovery is taking shape. And it's happening right in our own backyard - in the heart of Appalachia. Don't be left in the dark – watch now. QuantumScape: From Proof of Concept to Reality QuantumScape has proven that its SSLM battery can maintain 95% energy retention even after 1,000 charge cycles equivalent to 300,000 kilometers (KM). PowerCo confirmed this from test results on a Quantumscape 24-layer SSML battery. This results in adding an extra 500,000 KM without any noticeable range degradation. It also helps to ease range anxiety among potential EV buyers, which is the fear of running out of power during a trip and being stranded with no charging stations available. PowerCo Is Convinced and Goes All in on QuantumScape Test results were so convincing that PowerCo extended its deal with QuantumScape on July 11, 2024, to manufacture up to 40 GWh annually and an option to expand to 80 GWh under a non-exclusive licensing agreement. This has the potential to supply SSML batteries to a million EVs a year. PowerCo will manufacture the batteries and provide the workforce and facilities to make it happen. PowerCo is also a subsidiary of the world’s largest automaker, Volkswagen. Volkswagen plans to capture 10% of the United States EV market by 2030. One of the most overlooked opportunities in the stock market is the 72-Hour Profit Surge...
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