QuantumScape soars on Volkswagen battery test success
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 5 January 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning! Today is Friday, January 5th. I'm Julie Morgan. |
| 0:12.8 | Quantum Scape Gaines on its performance with Volkswagen. |
| 0:16.6 | Costco understands what a difference a day makes and McDonald's |
| 0:20.3 | is feeling the heat in the Middle East. |
| 0:23.0 | Quantum Scape Corporation soared in afternoon trading on Thursday after the company reached an important |
| 0:29.2 | milestone in a test of its battery technology by Volkswagen. |
| 0:33.3 | In a test performed by Powerco Quantum Scape's solid state cell |
| 0:37.6 | significantly exceeded the requirements in the A sample test |
| 0:41.7 | and successfully completed more than 1,000 charging cycles. |
| 0:46.0 | By the way, Powerco was the battery company of Volkswagen. |
| 0:50.1 | Powerco noted that for an electric car with a range of 500 to 600 kilometers, that's 311 to |
| 0:56.4 | 373 miles, this corresponds to a total mileage of more than half a million kilometers or 310,000 miles. |
| 1:04.8 | Notably, the cell barely aged and still had 95% of its capacity or discharge energy retention |
| 1:12.4 | at the end of the test. |
| 1:14.0 | Looking ahead, the next step on the way to series production is for Quantum Scape to perfect and scale the manufacturing process. |
| 1:22.0 | Quantum Scape ended the day Thursday 43% higher. |
| 1:26.0 | The company is expected to report Q4 earnings sometime during the middle part of February. |
| 1:32.0 | Costco reported on Thursday net sales of 26.15 billion dollars for the retail month of December, |
| 1:39.0 | a rise of 9.9% year over year. |
| 1:42.0 | Total company comparable sales for December rose 8.5%. |
| 1:46.8 | Excluding the impact of gasoline prices and foreign exchange, total company comparable |
... |
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