QuantumScape (QS) Soars 12% on Electric Ducati V21L Optimism

We recently published 10 Stocks with Surprising Gains. QuantumScape Corp. (NYSE:QS) is one of the best performers on Friday.

Shares of QuantumScape grew for a second day on Friday, adding 12.43 percent to close at $9.95 apiece as investors turned optimistic about the launch of the electric Ducati V21L, which uses Cobra-processed batteries.

Earlier this week, PowerCo, a subsidiary of the Volkswagen Group, alongside QuantumScape Corp. (NYSE:QS), showcased the electric version of the Ducati V21L, equipped with QSE-5 battery cells.

QuantumScape (QS) Soars 12% on Electric Ducati V21L Optimism

The demonstration bike contained a first-of-its-kind battery system designed by specialists at VW Group-owned Audi specifically for QS solid-state battery cells, and highlighted the potential capabilities of the technology on the racetrack.

“This will be a rigorous proving ground for QS technology, which has shown unique capabilities, including 844 Wh/L energy density, just over 12-minute fast charging from 10 percent to 80 percent state of charge, and 10C continuous discharge,” QuantumScape Corp. (NYSE:QS) said in a statement earlier.

For his part, PowerCo CEO Frank Blome said solid-state batteries “will redefine what’s possible for high-performance, premium vehicles.”

“Today’s historic demonstration is just the beginning. We’re combining QuantumScape’s world-class battery scientists with PowerCo’s manufacturing expertise to bring game-changing solid-state battery technology to the world as soon as possible,” he noted.

While we acknowledge the risk and potential of QS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.