Overview

• QuantumScape announced a joint development agreement with Corning to build manufacturing capabilities for ceramic separators used in solid-state batteries.
• The collaboration is intended to ramp production of separators for commercial applications rather than limited prototypes.
• QuantumScape described the pact as an important step in building a partner ecosystem to industrialize its next-generation battery technology.
• Shares of QuantumScape rose 18.43% on Wednesday to close at $14.59 following the announcement.
• Coverage also linked investor enthusiasm to broader lithium-sector optimism after the U.S. government took a 10% stake in Lithium Americas.