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.

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.

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