Why QuantumScape Stock Rose Monday

Why QuantumScape Stock Rose Monday

Shares of battery technology company QuantumScape (NYSE: QS) jumped double digits Monday before paring some of those gains. Investors are closely monitoring the company as it aims to commercialize its solid-state battery technology. Jagdeep Singh, co-founder and CEO of QuantumScape, has said that he plans to scale up the technology to have an eight- to 10-layer cell by the end of this year.