QuantumScape Corp. (QS), which focuses on the research and production of solid-state lithium metal batteries, saw its stock rise by 10.3%. The company has extended its cash runway by 12 months and reported customer billings of $12.8 million for the third quarter.
QuantumScape has expanded its ecosystem partnerships and is on track to achieve its operational goals, including the installation of manufacturing equipment for its pilot line.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.