QuantumScape stock soars toward 5-month high as EV battery maker looks to bring first product to market ‘as rapidly as possible’

Shares of QuantumScape Corp. QS rallied 12.8% toward a five-month high in afternoon trading Thursday, after the developer of batteries used in electric vehicles reported a second-quarter loss that surprisingly widened, but said it was “working closely with a prospective launch customer” in the automotive market. The stock had rocketed as much as 41.5% soon after the open before pulling back.

8% toward a five-month high in afternoon trading Thursday, after the developer of batteries used in electric vehicles reported a second-quarter loss that surprisingly widened, but said it was “working closely with a prospective launch customer” in the automotive market. The stock had rocketed as much as 41.5% soon after the open before pulling back. The company said the goal in working with the automaker is to bring its first product, the QSE-5, to market as “rapidly as possible.

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