QuantumScape reached a high of more than $130 during the SPAC boom, but trades for about $5 today. The company's batteries are getting much closer to commercialization.
QuantumScape is developing solid-state battery technology that could improve the range of electric vehicles. The company continues to develop its technology, but it could take years to achieve production at scale.
QuantumScape is developing a new form of batteries for electric vehicles (EVs). The company is making headway on its operational milestones, an encouraging sign in an otherwise stalling EV market.
QuantumScape went public in 2020 through a SPAC. Investors should note that the company still has no revenue.
QuantumScape has struggled with delays since its public debut. It could struggle to keep up with other battery makers and automakers.