Stanford scientists take electric vehicle batteries to a new level, but can they keep sparking?
With no finished product yet start-up QuantumScape’s valuation looks disconnected from reality
29 December 2020 - 12:59
One of the most unsettling developments in business in 2020 was the trend for electric-vehicle companies to list on a stock exchange before they have their first revenues. Though standard practice for research-intensive life sciences companies, going public before you have a purchasable product is pretty unusual in the automotive world.
And yet, prerevenue companies such as Nikola and Fisker have achieved multibillion-dollar valuations. Now, Californian battery start-up QuantumScape has taken electric-vehicle mania to a new level...
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