The slowdown in demand for electric vehicles is temporary, US battery executives insist, as strong clean car sales in the second quarter in North America suggest drivers remain eager to go green.
This week, battery maker QuantumScape’s shares surged 52 per cent following its disclosure of a $130mn payment from Volkswagen for technology royalties.
Shares in QuantumScape, which makes solid-state batteries rather than conventional EV lithium-ion batteries, had fallen since going public in 2020 via a blank-cheque company.
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