<p>在与一家世界知名汽车制造商签署了新的联合开发协议后，股价飙升，投资者纷纷关注，老问题再次浮现：这是突破的时刻还是又一个充满希望的停顿？</p>
<p>固态电池多年来一直被梦想着能在未来而非现在实现。然而，这一最新的合作表明，QuantumScape 可能正在更接近于实现汽车制造行业的梦想。</p>
<h2>渴望突破的市场</h2>
<p>QuantumScape 的股价在与一家全球排名前十的汽车制造商宣布联合开发协议后，在盘前交易中上涨了 6.6%。市场的反应传达了比单纯的合作消息更大的故事。</p>
<p>投资者一直在等待，有时显得不耐烦，希望看到固态电池技术从实验室和幻灯片中走出来的明确迹象。</p>
<p>在这种背景下，这一公告恰逢其时，因为它提供了保证，尽管存在怀疑和延迟，主要汽车制造商仍然愿意对 QuantumScape 的技术进行长期投资。</p>
<p>对于一只花费超过两年时间试图赢回投资者信任的股票来说，即使是少量的验证对他们来说也至关重要。</p>
<h2>这一合作的重要性</h2>
<p>尽管 QuantumScape 没有提及汽车制造商的名称，但 “前十” 类别本身就足以引起关注。参与这一组的汽车制造商在测试和引入电池领域的新技术时非常谨慎，因为这涉及巨大的财务和安全风险。</p>
<p>联合开发协议意味着这不仅仅是出于探索的好奇，而是对 QuantumScape 的锂金属固态电池是否能够实际整合到未来车辆平台的系统评估。</p>
<p>QC 的首席执行官 Siva Sivaram 博士表示，</p>
<blockquote>
<p>“2025 年对 QS 来说是一个辉煌的年份，与一家前十的汽车 OEM 客户的 JDA 是我们今年成功商业合作努力的一个合适的顶点”。</p>
</blockquote>
<p>他将该协议描述为 2025 年商业目标的 “顶点”，这表明他对公司的外展战略非常有信心。在一个信任建立非常缓慢的行业中，形成这样的合作关系可能与达到技术里程碑同样重要。</p>
<h2>固态电池</h2>
<p>固态电池仍然没有失去其魅力，继续被行业视为最独特的产品。它们提供了比传统锂离子电池更高的能量密度、更快的充电速度、更高的安全性和更长的使用寿命等所有优势。</p>
<p>QuantumScape 的锂金属方法被认为是向前迈出的重要一步。然而，市场对其期望的调整变得更加理性。扩大生产、确保耐用性和保持价格竞争力的挑战依然巨大。</p>
<p>这一合作并不意味着困难已经消失，但它确实表明至少有一家主要汽车制造商愿意冒险解决相关问题，而不是回避它们。</p>
<h2>QuantumScape 的生态系统战略</h2>
<p>QuantumScape 在这种情况下的不同之处不仅在于一项合作，而在于它正在慢慢而安静地建立的 “QC 生态系统”。除了与大众汽车 PowerCo 的电力部门建立的长期关系外，该公司还与几家全球顶级汽车制造商签署了联合开发协议。</p>
<p>它还与村田制作所和康宁公司签订了生产陶瓷隔膜的供应合同，以支持高产量的陶瓷隔膜生产。</p>
<p>固态电池的成功将取决于供应链、制造可靠性和规模因素。通过与主要工业公司合作，QuantumScape 似乎在降低执行风险，或者至少更明智地分散风险。</p>
<h2>投资者情绪</h2>
<p>股价的上涨表明投资者对公司的信心回归。在这一点上，市场似乎在对进展投降，无论进展多么缓慢。在这种情况下，变化在于运营的规律性。</p>
<p>在过去的一年中，QuantumScape 不仅与一个关键参与者建立了合作关系，还与多个合作伙伴进行了接触。这种模式暗示了一种战略方法，而不是绝望的方式，这是投资者迅速注意到的区别。</p>
<h2>结论</h2>
<p>QuantumScape 最近的联盟不会让固态电池的商业使用在一夜之间实现，但将极大地有利于公司长期的发展。对于投资者来说，这更多的是关于验证，而不是立即的收入。这证明了主要汽车制造商确实将 QuantumScape 视为电池技术竞争中的可靠竞争者。</p>

<p>QuantumScape 的股票在盘前交易中上涨了 6.6%，原因是该公司宣布与一家全球前十的汽车制造商达成联合开发协议。这一合作关系标志着固态电池技术的潜在进展，吸引了投资者的关注，并增强了对 QuantumScape 长期战略的信心。尽管在扩大生产方面面临挑战，但此次合作表明了双方愿意解决这些问题，从而提升了投资者的情绪，并验证了 QuantumScape 的做法</p>

<p>After the <strong>signing of a new joint development agreement</strong> with a world-renowned car maker, the <strong>share price soared</strong>, where investors gave their attention and the old question came up again, is this the moment for a breakthrough or just another promising stop?</p>
<div class="lb-trans"><p>在与一家世界知名汽车制造商签署了新的联合开发协议后，股价飙升，投资者纷纷关注，老问题再次浮现：这是突破的时刻还是又一个充满希望的停顿？</p>
</div><p>Solid-state batteries have been dreaming for years about being in the future, rather than the present. However, this latest collaboration is an indication that QuantumScape might be moving closer to making the automaker industry’s dream a reality.</p>
<div class="lb-trans"><p>固态电池多年来一直被梦想着能在未来而非现在实现。然而，这一最新的合作表明，QuantumScape 可能正在更接近于实现汽车制造行业的梦想。</p>
</div><h2>A Market Longing for a Breakthrough</h2>
<div class="lb-trans"><h2>渴望突破的市场</h2>
</div><p>QuantumScape’s <strong>share prices went up 6.6%</strong> in premarket trading after the announcement of a joint development agreement with a global automaker that is ranked among the top 10. The reaction of the market tells a larger story than just another partnership news.</p>
<div class="lb-trans"><p>QuantumScape 的股价在与一家全球排名前十的汽车制造商宣布联合开发协议后，在盘前交易中上涨了 6.6%。市场的反应传达了比单纯的合作消息更大的故事。</p>
</div><p>Investors have been waiting, sometimes impatiently, for a few clear signs that solid-state battery technology is moving from labs and PowerPoint decks.</p>
<div class="lb-trans"><p>投资者一直在等待，有时显得不耐烦，希望看到固态电池技术从实验室和幻灯片中走出来的明确迹象。</p>
</div><p>This announcement in that context lands at the right moment, as it provides reassurance that major carmakers are still ready to take long-term bets on QuantumScape’s technology despite skepticism and delays.</p>
<div class="lb-trans"><p>在这种背景下，这一公告恰逢其时，因为它提供了保证，尽管存在怀疑和延迟，主要汽车制造商仍然愿意对 QuantumScape 的技术进行长期投资。</p>
</div><p>For a share that has spent more than two years trying to win back the investors’ trust, even a small amount of validation is of great importance to them.</p>
<div class="lb-trans"><p>对于一只花费超过两年时间试图赢回投资者信任的股票来说，即使是少量的验证对他们来说也至关重要。</p>
</div><h2>Importance of this Partnership</h2>
<div class="lb-trans"><h2>这一合作的重要性</h2>
</div><p>Although QuantumScape has not mentioned the name of the carmaker, the “Top-10” category itself is enough to attract attention. The automakers involved in this group are known to be very cautious when it comes to testing and introducing new technologies in the battery area because of the great financial and safety risks associated with it.</p>
<div class="lb-trans"><p>尽管 QuantumScape 没有提及汽车制造商的名称，但 “前十” 类别本身就足以引起关注。参与这一组的汽车制造商在测试和引入电池领域的新技术时非常谨慎，因为这涉及巨大的财务和安全风险。</p>
</div><p>A joint development agreement implies that this is not merely a case of exploratory curiosity, but it is a systematic evaluation of whether QuantumScape’s lithium-metal solid-state batteries can be realistically integrated into future vehicle platforms or not.</p>
<div class="lb-trans"><p>联合开发协议意味着这不仅仅是出于探索的好奇，而是对 QuantumScape 的锂金属固态电池是否能够实际整合到未来车辆平台的系统评估。</p>
</div><p>Dr. Siva Sivaram, the CEO of QC <strong>said</strong>,</p>
<div class="lb-trans"><p>QC 的首席执行官 Siva Sivaram 博士表示，</p>
</div><blockquote>
<p>“2025 has been a banner year for QS, and this JDA with a Top-10 automotive OEM customer is a fitting capstone for our successful commercial engagement efforts this year”.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“2025 年对 QS 来说是一个辉煌的年份，与一家前十的汽车 OEM 客户的 JDA 是我们今年成功商业合作努力的一个合适的顶点”。</p>
</blockquote>
</div><p>He described the agreement as a “capstone” to the 2025 commercial objectives, which reveals that he is very confident about the company’s outreach strategy. In an industry where trust is built very slowly, then it could be such forming partnerships that is just as important as reaching technical milestones</p>
<div class="lb-trans"><p>他将该协议描述为 2025 年商业目标的 “顶点”，这表明他对公司的外展战略非常有信心。在一个信任建立非常缓慢的行业中，形成这样的合作关系可能与达到技术里程碑同样重要。</p>
</div><h2>Solid-State Batteries</h2>
<div class="lb-trans"><h2>固态电池</h2>
</div><p>Solid-state batteries have not lost their glamour yet, as they continue to be considered the most exclusive product by the industry. They offer all the advantages of having higher energy density, faster charging, enhanced safety, and longer lifespan than conventional lithium-ion cells.</p>
<div class="lb-trans"><p>固态电池仍然没有失去其魅力，继续被行业视为最独特的产品。它们提供了比传统锂离子电池更高的能量密度、更快的充电速度、更高的安全性和更长的使用寿命等所有优势。</p>
</div><p>The lithium-metal approach of QuantumScape has been regarded as the next big step forward for quite a while now. On the other hand, the market has been adjusting its expectations more rationally. The challenges of scaling production, assuring durability, and maintaining price competitiveness are still enormous.</p>
<div class="lb-trans"><p>QuantumScape 的锂金属方法被认为是向前迈出的重要一步。然而，市场对其期望的调整变得更加理性。扩大生产、确保耐用性和保持价格竞争力的挑战依然巨大。</p>
</div><p>This partnership does not mean that the difficulties are gone, but it does indicate that one major automobile manufacturer at least is willing to take the risks of working through the issues involved rather than avoiding them.</p>
<div class="lb-trans"><p>这一合作并不意味着困难已经消失，但它确实表明至少有一家主要汽车制造商愿意冒险解决相关问题，而不是回避它们。</p>
</div><h2>Ecosystem Strategy of QuantumScape</h2>
<div class="lb-trans"><h2>QuantumScape 的生态系统战略</h2>
</div><p>Now what makes QuantumScape different in this case is not just one partnership, but the ecosystem it is slowly and quietly putting together, the “QC ecosystem”. Apart from the long-established relationship with the power division of Volkswagen’s PowerCo, the company has entered into joint development agreements with several top global car manufacturers.</p>
<div class="lb-trans"><p>QuantumScape 在这种情况下的不同之处不仅在于一项合作，而在于它正在慢慢而安静地建立的 “QC 生态系统”。除了与大众汽车 PowerCo 的电力部门建立的长期关系外，该公司还与几家全球顶级汽车制造商签署了联合开发协议。</p>
</div><p>It has also secured supply contracts with Murata Manufacturing and Corning for the production of ceramic separators, which supports the high-volume ceramic separator production.</p>
<div class="lb-trans"><p>它还与村田制作所和康宁公司签订了生产陶瓷隔膜的供应合同，以支持高产量的陶瓷隔膜生产。</p>
</div><p>The success of solid-state batteries will be determined by supply chains, reliability of manufacturing, and scale factors. It seems that by partnering with major industrial companies, QuantumScape is lessening the execution risk, or at least, the risk is being spread more wisely.</p>
<div class="lb-trans"><p>固态电池的成功将取决于供应链、制造可靠性和规模因素。通过与主要工业公司合作，QuantumScape 似乎在降低执行风险，或者至少更明智地分散风险。</p>
</div><h2>Investor Sentiment</h2>
<div class="lb-trans"><h2>投资者情绪</h2>
</div><p>The increase of the stock price indicates the return of investors’ faith in the company. At this point, the market seems to be surrendering over the progress, no matter how slow it is. What has changed in this scenario is the regularity of the operations.</p>
<div class="lb-trans"><p>股价的上涨表明投资者对公司的信心回归。在这一点上，市场似乎在对进展投降，无论进展多么缓慢。在这种情况下，变化在于运营的规律性。</p>
</div><p>In a year-long period, QuantumScape has not only formed a partnership with one key player, but has been engaged with several partners. Such a pattern is suggestive of a strategic approach, and not of a desperate one, which is a difference that the investors are quick to notice.</p>
<div class="lb-trans"><p>在过去的一年中，QuantumScape 不仅与一个关键参与者建立了合作关系，还与多个合作伙伴进行了接触。这种模式暗示了一种战略方法，而不是绝望的方式，这是投资者迅速注意到的区别。</p>
</div><h2>Bottom Line</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>The recent alliance of QuantumScape will not bring the solid-state batteries’ commercial use overnight, but it will greatly benefit the long-run of the company’s story. For the investors, this will be more about validation and less about immediate revenue. This is proof that major car manufacturers do regard QuantumScape as a reliable competitor in the battery technology race.</p>
<div class="lb-trans"><p>QuantumScape 最近的联盟不会让固态电池的商业使用在一夜之间实现，但将极大地有利于公司长期的发展。对于投资者来说，这更多的是关于验证，而不是立即的收入。这证明了主要汽车制造商确实将 QuantumScape 视为电池技术竞争中的可靠竞争者。</p>
</div>

QuantumScape 的股票上涨，因汽车制造商仍然对固态电池保持信心