If True, QuantumScape Has Made the Biggest Leap in Batteries Since the Debut of Lithium-Ion
On its first day of trading in November, shares of QuantumScape, a lithium-metal battery startup, surged by 57% in price. Then 10 days later, the price doubled, and less than two weeks after that, it was up another 72% — a total 5.7-fold increase in less than a month. The price has since plunged back to earth — sort of. As of the close of trading yesterday, it was up a mere 80% since its debut two months ago. But the stock’s dramatic rise has its logic if you understand that QuantumScape is at the center of a whirlwind in lithium-ion battery technology. For four-and-a-half decades, ever...
Source: medium.com