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NEW YORK, Jan. 7, 2021 /PRNewswire/ Attorney Advertising Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against QuantumScape Corporation ( QuantumScape or the Company ) f/k/a Kensington Capital Acquisition Corp. (NYSE: QS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the Class Period ). Such investors are encouraged to join this case by visiting the firm s site: www.bgandg.com/qs.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
Stanford Scientists Create a Billionaire Factory
Bloomberg 12/29/2020 Chris Bryant
(Bloomberg Opinion) One of the most unsettling developments in business in 2020 was the trend for electric-vehicle companies to list on a stock exchange before they have their first revenues. Though standard practice for research-intensive life sciences companies, going public before you have a purchasable product is pretty unusual in the automotive world.
And yet, pre-revenue companies such as Nikola Corp. and Fisker Inc. have achieved multi-billion dollar valuations. Now, Californian battery start-up QuantumScape Corp. has taken electric-vehicle mania to a new level.
Founded by Stanford University scientists a decade ago, with financial backing from Volkswagen AG, QuantumScape became a public company in November after merging with Kensington Capital Acquisition Corp., a special-purpose acquisition company. The company won’t generate significant revenue until 2026,
Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B.
This year has delivered turmoil, volatility and pain along with some unexpected bright spots, a flood of M&A deals, venture raises and, of course, SPACs. In the next few editions of The Station, I plan to focus on some of the biggest stories of the year, along with a deeper dive into those that were overlooked and deserve a bit of attention.
Dear readers, here’s where you come in. I want to hear from you. What were the biggest stories of the year? Which stories should have gotten more coverage and attention, but didn’t? Please share your thoughts.
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QuantumScape’s Solid-State Battery Could be the Breakthrough EVs Need – But it’s in a Race to be First
New tech may address energy density, charging, cost and other issues.
QuantumScape appears to be closing in on mass producing solid-state batteries for cars.
While lithium-ion batteries have improved significantly since the technology went into automotive production a decade ago, they still fall short of what some experts believe will be needed to make electric propulsion truly competitive with the internal combustion engine, at least until a true breakthrough comes along.
Now, however, decade-old research company QuantumScape finds itself in the spotlight as it rolls out a new technology that could substantially boost power – and range – enough to make battery-drive systems viable not only for automobiles but also for aircraft. Its claims have won over the backing of Volkswagen AG, the German automaker planning to invest nearly $90 billion on electri