5 Best EV Battery Stocks to Buy in Late 2022

2. QuantumScape Corporation (NYSE:QS)

Number of Hedge Fund Holders: 19

QuantumScape Corporation (NYSE:QS) is a San Jose, California-based company that is a developer of lithium-powered solid-state batteries. The company has the distinction of having Bill Gates and Volkswagen as key investors.

Experts believe that QuantumScape Corporation (NYSE:QS) is becoming a leading name in the EV battery segment. The company has received interest from some of the best EV stocks and has also entered into a joint venture (JV) agreement with Volkswagen for a solid-state battery pilot-line facility. It is believed that QuantumScape Corporation (NYSE:QS) has the potential to play a significant role in enhancing performance and lowering the costs of EV batteries in the future. Compared to conventional lithium-ion batteries, QuantumScape Corporation’s (NYSE:QS) solid-state batteries can have an energy density that is 50% to 80% stronger. The company is on track to achieving key milestones for 2022.

As of Q2 2022, QuantumScape Corporation (NYSE:QS)  was held by 19 hedge funds.