Stock Market Today, June 18: QuantumScape Jumps After Teaming Up With Honda on Solid-State Battery Research Agreement
Today, June 18, 2026, investor sentiment surged as QuantumScape announced a new partnership with Honda on battery innovation.
Stock Market Today, June 18: QuantumScape Jumps After Teaming Up With Honda on Solid-State Battery Research Agreement
Overview
QuantumScape (NASDAQ:QS), a solid-state battery developer for EVs, closed at $8.04, up 16.52%. Shares rose after the announcement of a new joint research agreement with Honda (NYSE:HMC) focused on development and manufacturing processes. Investors are also watching for the late-July earnings window and the company’s commercialization strategy.
Trading volume reached 79.0M shares, coming in about 271% above its three-month average of 21.3M shares. QuantumScape IPO'd in 2020 and has fallen 19% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,501, up 1.08%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,518, up 1.91%. Among advanced battery technology peers, Solid Power (NASDAQ:SLDP) closed at $2.87, up 6.30%, while lithium producer Albemarle (NYSE:ALB) closed at $160.35, down 3.73%.
Details
QuantumScape will be teaming up with Honda on a new joint research program for its solid-state battery technology. As QuantumScape advances toward validation of the technology and manufacturing capability at scale, investors are gaining optimism about the total addressable market.
Source
Originally published at www.fool.com.
