RTTNews | Sep 21, 2021 11:35AM EDT

11:35 Tuesday, September 21, 2021 (RTTNews.com) - California-based solid-state battery manufacturer for electric vehicles, QuantumScape Corporation (QS), is trading 12% higher in the Tuesday market after the company announced that it has struck a deal with an unnamed automaker for batteries. The deal will make QuanttumScape the evaluator of the batteries made by the car company, with an option to buy 10-megawatt hours worth of battery capacity. The name of the auto-company was hinted at as one of the top-dogs in terms of global revenue. Following the news, the shares of the company have gone up rapidly and are currently trading hands at $23.44, up $2.65 or 12.74% since their previous close at $20.79 on Monday. The shares opened at $23.28 in the morning and in the 52-week period, the shares have ranged between $11.25 and $132.73.

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