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QuantumScape leaps 18% after the EV battery startup clears a key development hurdle

QuantumScape leaps 18% after the EV battery startup clears a key development hurdle Emily GraffeoFeb 17, 2021, 21:17 IST QuantumScape CEO Jagdeep SinghQuantumScape QuantumScape jumped as much as 18% on Wednesday. The company reported clearing a key hurdle in the development of its battery cell technology. . Shares of QuantumScape jumped as much as 18% on Wednesday to $59.80 a share after the electric vehicle battery maker reported clearing a key hurdle in the development of its technology. The company is attempting to develop solid-state lithium-metal batteries for electric vehicles, a feat several EV startups are currently working towards. In its first quarterly financial report, QuantumScape said it was able to produce multi layer battery cells, a crucial step of progress towards the final product.

Top battery startup CEOs outline plans for a booming market

With automakers racing to roll out a bevy of new electric vehicles, the battery market is booming. The market, projected to be worth $129 billion by 2027, is dominated by the likes of LG Chem. Insider asked the CEOs of three top battery startups about how they plan to take advantage.  With the world s automakers promising a mass shift to zero-emissions driving in the coming decades, the increasingly lucrative battery market is poised to reward not just established players like Panasonic and LG Chem, but a legion of startups stepping up on the global stage. Insider spoke with the CEOs of three up-and-coming battery startups that industry experts say are in a prime position to challenge those incumbents, to find out what makes their approach worthy of attention, and how they plan to capture a piece of a market projected to be worth $129 billion by 2027. Here s what they said.

How Solid Power s batteries are challenging lithium-ion

Electric Vehicle Battery Market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2027

Electric Vehicle Battery Market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2027
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