Electric vehicle battery developer QuantumScape plans to go public through a reverse merger with SPAC firm Kensington Capital Acquisition Corp.The battery producer touts backing from automotive giants including Volkswagen, as well as a venture investment from Microsoft co-founder Bill Gates.
The company said Thursday it will make its market debut after joining with Kensington Capital Acquisition Corp. QuantumScape aims to go public with a valuation of $3.3 billion, and is set to trade on the New York Stock Exchange with the ticker QE. The battery company has backing from industry giants including Volkswagen, Shanghai Auto, and Continental. Microsoft co-founder Bill Gates
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