Stock market activity | QuantumScape (QS.US) surged more than 6% after reaching a solid-state battery technology cooperation agreement with Honda.

According to the Wise Finance APP, on Thursday, QuantumScape (QS.US) opened with a sharp rise of over 13%, but as of the time of writing, the increase has narrowed to 6%, with a price of $7.33 per share. In terms of news, QuantumScape announced that it has signed a joint research and development agreement with Honda R&D Co., Ltd., a subsidiary of global automotive, motorcycle, and power equipment manufacturer Honda. The two parties will integrate their respective technological advantages to jointly promote the landing of the QS solid-state battery technology platform. The cooperation project is a long-term plan, focusing on the research and development of solid-state batteries and the development of supporting mass production processes.