LOS ANGELES–(BUSINESS WIRE) – Frank R. Cruz’s Law Firm announces an investigation by QuantumScape Corporation (“QuantumScape” or the “Company”) (NASDAQ: QS) on behalf of investors regarding possible Company violations of federal securities laws.
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On January 4, 2021, Buscando Alfa published an article pointing out several risks with QuantumScape’s solid-state batteries that make it “completely unacceptable for real-world electric field vehicles”. Specifically, he stated that battery power means that “it will only last 260 cycles or about 75,000 miles of aggressive driving”. Since solid-state batteries are temperature sensitive, “the power and cycle tests at 30 and 45 degrees above would have been significantly worse if performed even a few degrees below”.
With that news, the company’s stock price fell by up to 37% during intraday trading on January 4, 2021, thus hurting investors.
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If you purchased QuantumScape securities, have information or would like to know more about these claims, or have any questions about this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of the Law Firms of Frank R Cruz, Avenue of Stars 1999, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you ask questions by email, include your mailing address, phone number and number of shares purchased.
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