QuantumScape shares jump 15% on new solid-state battery research deal with Honda

QuantumScape Corp's shares rose about 15% after announcing a multi-year joint research agreement with Honda's R&D subsidiary to develop solid-state battery technology. The collaboration aims to advance battery development and manufacturing processes, leveraging both companies' expertise. Honda completed a rigorous evaluation of QuantumScape's battery platform, finding it promising for automotive and other applications. This deal highlights growing confidence in QuantumScape's safer, higher-density solid-state lithium-metal batteries as an alternative to traditional lithium-ion batteries.