QuantumScape Announced More Business. The Stock’s Reaction Highlights a Shift.

 QuantumScape Announced More Business. The Stock’s Reaction Highlights a Shift.

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The electric-vehicle battery-technology company QuantumScape announced a new business partner—an unidentified luxury auto maker—but the stock isn’t doing much despite the positive news. It highlights a recent negative shift in sentiment about EV-related stocks.

The company says the auto maker is an “established global luxury” auto maker. The two companies will undergo testing and validation of QuantumScape‘s new solid-state battery technology. It declined to elaborate beyond what was in the Friday filing.

Despite…


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