Today, QuantumScape Corporation’s (QS) shares were surging once more, despite no company-specific updates on the stock. The upward trend appears to be driven by enthusiasm surrounding the Uber-Lucid Group deal and the momentum that followed last month’s announcement, likely fueling its rise today.
As of 3:20 p.m. ET, the stock was up 17.9%.
QuantumScape breaks out again
QuantumScape has experienced a significant increase in value following the announcement of a notable accomplishment in their solid-state battery technology – they’re now moving forward with manufacturing using their Cobra separator.
Since that time, the stock has approximately tripled, and today it appears to have increased due to the partnership announcement between Lucid and Uber. This collaboration might boost demand for cutting-edge battery technology in the future.
In this arrangement, Uber plans to inject $300 million into Lucid, marking a strategic alliance for the development of self-driving taxis. This collaboration will also involve Nuro’s advanced autonomous vehicle technology.
As an ardent follower of cutting-edge technology, I can’t help but admire Lucid Motors for their top-notch electric vehicles that outperform many in the market. However, scaling up has been a challenge for this innovative company. That’s why Uber’s strategic investment could provide Lucid with the long-term momentum it needs to conquer greater heights and revolutionize the electric vehicle industry even further!
Although QuantumScape’s solid-state batteries haven’t been released yet, Lucid Motors has expressed their plans to incorporate these advanced batteries into their electric vehicles (EVs). Solid-state batteries are more compact than conventional lithium-ion batteries, allowing them to charge quicker and offer extended ranges. However, it remains undecided who Lucid will collaborate with in this endeavor.
What’s next for QuantumScape?
The trading of QuantumScape stocks remains active with increased interest, as investors continue to take notice, after last month’s significant announcement.
In simple terms, we’re expecting an update from the company next week, specifically when they announce their second-quarter earnings on July 23. Although the exact numbers aren’t crucial right now since QuantumScape is still in its development phase, any insights or news about Cobra or other topics could potentially boost the stock price.
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2025-07-17 23:05