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EV-Battery Startup QuantumScape Soars on Technical Breakthrough

  • Company announces plans for first pilot production line
  • Advance in multilayer batteries could hasten development
QuantumScape’s laboratory in San Jose, California.

Source: QuantumScape

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QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology.

The company, which is attempting to pioneer solid-state lithium-metal batteries for electric vehicles, said it was able to produce multilayer battery cells, a crucial stumbling block in taking the technology from the lab to the real world.