QuantumScape Corporation reported its third quarter 2024 business and financial results, highlighting significant progress in battery cell development. The company began producing and shipping B-sample cells, designated QSE-5, for automotive customer testing, which is a primary objective for 2024. These QSE-5 cells achieved an energy density of 844 watt-hours per liter, and the company has seen a notable increase in stock price, with shares rising by 25% following the earnings announcement. The positive market response included a pre-market trading increase of 19.1%. QuantumScape's advancements in battery technology are critical as they aim to meet the demands of the automotive industry.