BUZZ-QuantumScape jumps as it produces battery cells for customer testing

Reuters

2024/10/24

** Shares of battery tech startup QuantumSpace rise 10% to $5.70 premarket

** Company says it has begun producing prototype B-Sample cells, fulfilling its main goal for 2024, ahead of schedule

** Adds cells are being shipped to automotive customers for testing

** Cash runway remains into 2028 as a $134 mln payment from Volkswagen unit PowerCo was released based on satisfactory technical progress

** "An encouraging update as QS announced B-sample shipments alongside impressive cell data, manufacturing progress and operational efficiencies that support the company's cash runway moving forward" - TD Cowen

** Stock down 25.5% this year

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; ))

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))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2249611893.SGD","symbol_name":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2477506765","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477506765","pubTimestamp":1729762145,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of battery tech startup QuantumSpace    rise 10% to $5.70 premarket   ** Company says it has begun producing prototype B-Sample cells, fulfilling its main goal for 2024, ahead of schedule   ** Adds cells are being shipped to automotive customers for testing       ** Cash runway remains into 2028 as a $134 mln payment from Volkswagen    unit PowerCo was released based on satisfactory technical progress   ** \"An encouraging update as QS announced B-sample shipments alongside impressive cell data, manufacturing progress and operational efficiencies that support the company's cash runway moving forward\" - TD Cowen   ** Stock down 25.5% this year ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4551":"寇图资本持仓","LU0823414478.USD":"法巴经典能源转换基金","BK4540":"固态电池","BK4124":"机动车零配件与设备","BK4561":"索罗斯持仓","BK4545":"锂电池","QS":"Quantumscape Corp."},"translate_title":"BUZZ-QuantumScape在生产供客户测试的电池时跃升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QS":0.9},"content_text":"** Shares of battery tech startup QuantumSpace    rise 10% to $5.70 premarket   ** Company says it has begun producing prototype B-Sample cells, fulfilling its main goal for 2024, ahead of schedule   ** Adds cells are being shipped to automotive customers for testing       ** Cash runway remains into 2028 as a $134 mln payment from Volkswagen    unit PowerCo was released based on satisfactory technical progress   ** \"An encouraging update as QS announced B-sample shipments alongside impressive cell data, manufacturing progress and operational efficiencies that support the company's cash runway moving forward\" - TD Cowen   ** Stock down 25.5% this year (Reporting by Akash Sriram in Bengaluru)((Akash.Sriram@thomsonreuters.com; 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