QuantumScape share – battery start-up takes off

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QuantumScape Corp is an electric car battery startup.  The  company relies on a novel technology and seems to have cleared an important hurdle in the development of its technology. QuantumScape has been listed on the New York Stock Exchange since November 27, following its merger with SPAC Kensington Capital Acquisition Corp. © www.de24.news

 The  largest and most important investors include Bill Gates and Volkswagen.

© www.de24.news

 The  company seeks to pioneer lithium metal solid state batteries for electric vehicles. © www.de24.news

 The  company is now able to produce multi-layer battery cells, which was previously an insurmountable technical limitation.

© www.de24.news

 The  company’s lithium-metal battery has shown a larger capacity than current lithium-ion batteries of a similar size in test series, could be charged faster and could operate at lower temperatures. © www.de24.news

 The  battery showed no signs of wear even after multiple charges, which avoids a common problem with batteries.
© www.de24.news

 The  company is one of several startups and established companies trying to develop solid-state batteries by providing automakers with a safer, cheaper alternative to the current lithium-ion batteries.

If QuantumScape were to succeed in producing the new generation of batteries in large numbers, they could replace the previous lithium-ion batteries that are currently used by companies such as Tesla and Co.
While there is still a lot of work to be done for QuantumScape, the fact that the company is able to increase the number of layers of metal in the batteries is a very important step.
In order to become commercially competitive, the company must grapple with three main problems. It has to build larger and multilayer batteries. © www.de24.news

 The re must also be a reliable production line for certain critical components, such as B. develop ceramic separators. And finally, it has to put all of these parts in a factory where it can distribute the billions of dollars in equipment and machinery costs over large quantities of production. QuantumScape estimates that such a battery factory will cost $ 1.6 billion to build and that battery production will begin in 2024.

With Volkswagen, QuantumScape not only has an influential partner, but also the first and exclusive customer for the new generation of batteries.
What do the quarterly figures look like?
QuantumScape reported a loss of $ 694.7 million in its first quarter as a publicly traded company. At this stage, however, what matters most to investors are advances in the commercialization of its solid-state battery and advances in factory building in California. © www.de24.news

 The  company closed the fourth quarter of 2020 with more than $ 1 billion in cash. Expenditure plans for this year include investments and operating costs of $ 230 million to $ 290 million.

So QuantumScape is a bet on the future and that QuantumScape’s battery technology will set a new standard in the automotive industry. © www.de24.news

 The  hype after the IPO on November 27th has flattened since the turn of the year and the QuantumScape share has corrected significantly. As long as the QuantumScape price is trading above the February low at USD 40.63, the rally could lead to a gap close at USD 87.41 and later even attack the high at USD 132.60. However, below USD 40.63, the ongoing consolidation would expand in terms of time and price. © www.de24.news

 The  support level at USD 28.67 should be noted here.

Source: CMC Markets Platform, daily chart, 02/22/21

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QuantumScape share battery startup takes

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