QuantumScape Corporation (NASDAQ:QS) shares are trading higher Thursday after the company announced a joint research agreement with Honda R&D Co.
Ltd. aimed at advancing QuantumScape's solid-state battery platform.
The Agreement The joint research agreement includes a multi-year plan focused on solid-state battery development and associated manufacturing processes.
The deal follows Honda's successful completion of a technology evaluation agreement with QuantumScape, which included an in-depth, hands-on technical study of the company's solid-state technology platform as well as competitive benchmarking across a range of standard technical tests.
"QS technology demonstrated compelling and unique advantages during our evaluation," said Atsushi Ogawa, COO of Honda R&D's Research Center of Excellence.
