2 High-Risk, High-Reward Electric Vehicle Stocks for the Future of Transportation
It seems almost certain the future of transportation is via electric vehicles (EVs). EVs have swept over countries like China quickly, and the U.S. more slowly, but global EV sales are on the rise and show no signs of reversing. Here are two stocks well-positioned to thrive in the future of electric transportation.QuantumScape (NYSE: QS) is a next-generation battery company focused on bringing its solid-state battery design to commercial production. It's a no-brainer in terms of product, as the solid-state battery will eliminate costly components as well as improve charging time, range, safety, and energy density. In other words, if QuantumScape can execute its technology and move to commercial production, automakers will be lining up at the door for its batteries.When it comes to 2025 goals, the company is progressing well. It's ahead of schedule in bringing the Cobra separator process into baseline production, which it expects to do during the second quarter. It also remains on track for its goal of shipping QSE-5 BI samples, which are intended to demonstrate the performance capabilities of the QSE-5 in a real-world application. Continue reading
It seems almost certain the future of transportation is via electric vehicles (EVs). EVs have swept over countries like China quickly, and the U.S. more slowly, but global EV sales are on the rise and show no signs of reversing. Here are two stocks well-positioned to thrive in the future of electric transportation.
QuantumScape (NYSE: QS) is a next-generation battery company focused on bringing its solid-state battery design to commercial production. It's a no-brainer in terms of product, as the solid-state battery will eliminate costly components as well as improve charging time, range, safety, and energy density. In other words, if QuantumScape can execute its technology and move to commercial production, automakers will be lining up at the door for its batteries.
When it comes to 2025 goals, the company is progressing well. It's ahead of schedule in bringing the Cobra separator process into baseline production, which it expects to do during the second quarter. It also remains on track for its goal of shipping QSE-5 BI samples, which are intended to demonstrate the performance capabilities of the QSE-5 in a real-world application.
