QuantumScape ($QS) Soars on Breakthrough Tech — And Faces Legal Fallout Over Past Claims
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Court: N.D. California
Case: 3:21-cv-00058
New Battery Advances Spark Rally- QuantumScape
QS jumped 35% last week after revealing a breakthrough “Cobra” manufacturing process. - The company claims this advance could slash production costs and make its QSE-5 solid-state batteries — boasting faster charge times, higher energy density, and improved safety — commercially viable.
- Volkswagen and Murata are backing the tech, though analysts remain cautious given QuantumScape’s ongoing cash burn and limited revenue.
- Real-world testing is expected in 2026, and despite a recent pullback, QS is still up over 55% since April.
- At the same time, QuantumScape has agreed to a $47.5M settlement with investors.
- The lawsuit alleged the company overstated the capabilities of its batteries in 2020.
- After a critical article exposed flaws in charge time and durability, QS plummeted 40% in a single day in January 2021.
You can check more information about it HERE and file for a payout.