Solid Power Stock Is Surging on News From a Rival

Shares of electric vehicle (EV) battery start-up Solid Power (NASDAQ: SLDP) were moving higher on Thursday after rival QuantumScape (NYSE: QS) announced a new deal with Volkswagen (OTC: VWAGY).As of 11 a.m. ET today, Solid Power's shares were up about 13.5% from Wednesday's closing price.Colorado-based Solid Power is working to develop better EV batteries. The company's investors include automakers Ford Motor Company (NYSE: F) and BMW (ETR: BMW). It also has a manufacturing partnership with Korean battery maker SK Innovation, which supplies several major automakers, including Ford, with EV batteries.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool