Quantumscape Corp QS shares surged in after-hours trading on Tuesday following the announcement that the Cobra Separator Process has started baseline production.
What happened: The Lithium-Metal Battery Technology company, Quantumscape, indicated that the commencement of baseline production of its Cobra separators marks a significant achievement in enhancing production capacity.
The Cobra process serves as the backbone of Quantumscape’s continuous flow separator production platform, which is aimed at increasing production speed while occupying a smaller physical space compared to earlier methods used for making ceramic separators.
“Our team has made substantial progress with Cobra, showcasing advancements in scaling solid-state battery production,” said Shivashibaram, CEO of Quantumscape.
“Cobra significantly boosts throughput and minimizes equipment footprint, presenting a viable pathway to commercializing next-gen battery technology.”
The firm pointed out that improvements in production are crucial for launching solid-state battery platforms at a Gigawatt scale. Quantumscape aspires for Cobra to persist in enhancing production rates, efficiency, and scalability as it is being established as a new baseline.
If you’re curious about entering the Quantumscape market, here’s the lowdown:
Typically, you would purchase shares through a brokerage account. A list of potential trading platforms is available. Many now offer the option to buy “fractional stocks,” enabling you to own portions of shares instead of needing to buy a whole one.
If you’re considering investing in the company, things can be a bit trickier. You would need to access an options trading platform or a broker that allows “shorting” stocks by lending them. You can find additional guidance on shorting stocks through various resources. Additionally, if your broker handles options, you can opt to buy a Put option or sell a Call option at a strike price corresponding to the current trading value of the stock. Whichever path you take, there’s potential to profit from a decline in stock prices.
QS Price Action: Quantumscape shares jumped 29.56% to $5.62 during Tuesday’s after-hours trading, according to Benzinga Pro.
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Photo: Courtesy of Quantumscape.
