QuantumScape Corp. (QS) shares are gaining more than 28 percent on Thursday morning trade after signing an agreement with Volkswagen Group's battery company PowerCo to industrialize next-generation solid-state lithium-metal battery technology.
As per the agreement, QuantumScape will grant a non-exclusive license to PowerCo, for the mass production of battery cells of up to 40 gigawatt-hours per year. There will be an option to expand to 80 GWh annually, enough to outfit approximately one million vehicles per year.
The financial aspects of the deal and royalty are not revealed.
Currently, QuantumScape is at $6.95, up 28.25 percent from the previous close of $5.41 on a volume of 55,352,827.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.