Shares of electric car-battery developer QuantumScape Corp. fell the most ever on Monday, a day that saw stocks of EV makers soaring on sales news.
QuantumScape went public in November after a merger with a blank-check company, a path that many companies, including EV- and alternative-energy ones, have taken in recent months. . Lithium-ion batteries presently in use in electric vehicles as well as tools and gadgets rely on liquid electrolyte solutions. Higher energy-density, cheaper-to-make solid-state batteries are expected to further increase range and shorten charging times for EVs in the future.
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