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

The electric-vehicle battery-technology institution QuantumScape announced a caller concern partner—an unidentified luxury car maker—but the banal isn’t doing overmuch contempt the affirmative news. It highlights a caller antagonistic displacement successful sentiment astir EV-related stocks.

The institution says the car shaper is an “established planetary luxury” car maker. The 2 companies volition acquisition investigating and validation of QuantumScape‘s caller solid-state artillery technology. It declined to elaborate beyond what was successful the Friday filing.

Despite...