<p>在與一家世界知名汽車製造商簽署了新的聯合開發協議後，股價飆升，投資者紛紛關注，老問題再次浮現：這是突破的時刻還是又一個充滿希望的停頓？</p>
<p>固態電池多年來一直被夢想着能在未來而非現在實現。然而，這一最新的合作表明，QuantumScape 可能正在更接近於實現汽車製造行業的夢想。</p>
<h2>渴望突破的市場</h2>
<p>QuantumScape 的股價在與一家全球排名前十的汽車製造商宣佈聯合開發協議後，在盤前交易中上漲了 6.6%。市場的反應傳達了比單純的合作消息更大的故事。</p>
<p>投資者一直在等待，有時顯得不耐煩，希望看到固態電池技術從實驗室和幻燈片中走出來的明確跡象。</p>
<p>在這種背景下，這一公告恰逢其時，因為它提供了保證，儘管存在懷疑和延遲，主要汽車製造商仍然願意對 QuantumScape 的技術進行長期投資。</p>
<p>對於一隻花費超過兩年時間試圖贏回投資者信任的股票來説，即使是少量的驗證對他們來説也至關重要。</p>
<h2>這一合作的重要性</h2>
<p>儘管 QuantumScape 沒有提及汽車製造商的名稱，但 “前十” 類別本身就足以引起關注。參與這一組的汽車製造商在測試和引入電池領域的新技術時非常謹慎，因為這涉及巨大的財務和安全風險。</p>
<p>聯合開發協議意味着這不僅僅是出於探索的好奇，而是對 QuantumScape 的鋰金屬固態電池是否能夠實際整合到未來車輛平台的系統評估。</p>
<p>QC 的首席執行官 Siva Sivaram 博士表示，</p>
<blockquote>
<p>“2025 年對 QS 來説是一個輝煌的年份，與一家前十的汽車 OEM 客户的 JDA 是我們今年成功商業合作努力的一個合適的頂點”。</p>
</blockquote>
<p>他將該協議描述為 2025 年商業目標的 “頂點”，這表明他對公司的外展戰略非常有信心。在一個信任建立非常緩慢的行業中，形成這樣的合作關係可能與達到技術里程碑同樣重要。</p>
<h2>固態電池</h2>
<p>固態電池仍然沒有失去其魅力，繼續被行業視為最獨特的產品。它們提供了比傳統鋰離子電池更高的能量密度、更快的充電速度、更高的安全性和更長的使用壽命等所有優勢。</p>
<p>QuantumScape 的鋰金屬方法被認為是向前邁出的重要一步。然而，市場對其期望的調整變得更加理性。擴大生產、確保耐用性和保持價格競爭力的挑戰依然巨大。</p>
<p>這一合作並不意味着困難已經消失，但它確實表明至少有一家主要汽車製造商願意冒險解決相關問題，而不是迴避它們。</p>
<h2>QuantumScape 的生態系統戰略</h2>
<p>QuantumScape 在這種情況下的不同之處不僅在於一項合作，而在於它正在慢慢而安靜地建立的 “QC 生態系統”。除了與大眾汽車 PowerCo 的電力部門建立的長期關係外，該公司還與幾家全球頂級汽車製造商簽署了聯合開發協議。</p>
<p>它還與村田製作所和康寧公司簽訂了生產陶瓷隔膜的供應合同，以支持高產量的陶瓷隔膜生產。</p>
<p>固態電池的成功將取決於供應鏈、製造可靠性和規模因素。通過與主要工業公司合作，QuantumScape 似乎在降低執行風險，或者至少更明智地分散風險。</p>
<h2>投資者情緒</h2>
<p>股價的上漲表明投資者對公司的信心迴歸。在這一點上，市場似乎在對進展投降，無論進展多麼緩慢。在這種情況下，變化在於運營的規律性。</p>
<p>在過去的一年中，QuantumScape 不僅與一個關鍵參與者建立了合作關係，還與多個合作伙伴進行了接觸。這種模式暗示了一種戰略方法，而不是絕望的方式，這是投資者迅速注意到的區別。</p>
<h2>結論</h2>
<p>QuantumScape 最近的聯盟不會讓固態電池的商業使用在一夜之間實現，但將極大地有利於公司長期的發展。對於投資者來説，這更多的是關於驗證，而不是立即的收入。這證明了主要汽車製造商確實將 QuantumScape 視為電池技術競爭中的可靠競爭者。</p>

<p>QuantumScape 的股票在盤前交易中上漲了 6.6%，原因是該公司宣佈與一家全球前十的汽車製造商達成聯合開發協議。這一合作關係標誌着固態電池技術的潛在進展，吸引了投資者的關注，並增強了對 QuantumScape 長期戰略的信心。儘管在擴大生產方面面臨挑戰，但此次合作表明了雙方願意解決這些問題，從而提升了投資者的情緒，並驗證了 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>在與一家世界知名汽車製造商簽署了新的聯合開發協議後，股價飆升，投資者紛紛關注，老問題再次浮現：這是突破的時刻還是又一個充滿希望的停頓？</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>固態電池多年來一直被夢想着能在未來而非現在實現。然而，這一最新的合作表明，QuantumScape 可能正在更接近於實現汽車製造行業的夢想。</p>
</div><h2>A Market Longing for a Breakthrough</h2>
<div class="lb-trans"><h2>渴望突破的市場</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 的股價在與一家全球排名前十的汽車製造商宣佈聯合開發協議後，在盤前交易中上漲了 6.6%。市場的反應傳達了比單純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>投資者一直在等待，有時顯得不耐煩，希望看到固態電池技術從實驗室和幻燈片中走出來的明確跡象。</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>在這種背景下，這一公告恰逢其時，因為它提供了保證，儘管存在懷疑和延遲，主要汽車製造商仍然願意對 QuantumScape 的技術進行長期投資。</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>對於一隻花費超過兩年時間試圖贏回投資者信任的股票來説，即使是少量的驗證對他們來説也至關重要。</p>
</div><h2>Importance of this Partnership</h2>
<div class="lb-trans"><h2>這一合作的重要性</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>儘管 QuantumScape 沒有提及汽車製造商的名稱，但 “前十” 類別本身就足以引起關注。參與這一組的汽車製造商在測試和引入電池領域的新技術時非常謹慎，因為這涉及巨大的財務和安全風險。</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>聯合開發協議意味着這不僅僅是出於探索的好奇，而是對 QuantumScape 的鋰金屬固態電池是否能夠實際整合到未來車輛平台的系統評估。</p>
</div><p>Dr. Siva Sivaram, the CEO of QC <strong>said</strong>,</p>
<div class="lb-trans"><p>QC 的首席執行官 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 年對 QS 來説是一個輝煌的年份，與一家前十的汽車 OEM 客户的 JDA 是我們今年成功商業合作努力的一個合適的頂點”。</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>他將該協議描述為 2025 年商業目標的 “頂點”，這表明他對公司的外展戰略非常有信心。在一個信任建立非常緩慢的行業中，形成這樣的合作關係可能與達到技術里程碑同樣重要。</p>
</div><h2>Solid-State Batteries</h2>
<div class="lb-trans"><h2>固態電池</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>固態電池仍然沒有失去其魅力，繼續被行業視為最獨特的產品。它們提供了比傳統鋰離子電池更高的能量密度、更快的充電速度、更高的安全性和更長的使用壽命等所有優勢。</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 的鋰金屬方法被認為是向前邁出的重要一步。然而，市場對其期望的調整變得更加理性。擴大生產、確保耐用性和保持價格競爭力的挑戰依然巨大。</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>這一合作並不意味着困難已經消失，但它確實表明至少有一家主要汽車製造商願意冒險解決相關問題，而不是迴避它們。</p>
</div><h2>Ecosystem Strategy of QuantumScape</h2>
<div class="lb-trans"><h2>QuantumScape 的生態系統戰略</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 在這種情況下的不同之處不僅在於一項合作，而在於它正在慢慢而安靜地建立的 “QC 生態系統”。除了與大眾汽車 PowerCo 的電力部門建立的長期關係外，該公司還與幾家全球頂級汽車製造商簽署了聯合開發協議。</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>它還與村田製作所和康寧公司簽訂了生產陶瓷隔膜的供應合同，以支持高產量的陶瓷隔膜生產。</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>固態電池的成功將取決於供應鏈、製造可靠性和規模因素。通過與主要工業公司合作，QuantumScape 似乎在降低執行風險，或者至少更明智地分散風險。</p>
</div><h2>Investor Sentiment</h2>
<div class="lb-trans"><h2>投資者情緒</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>股價的上漲表明投資者對公司的信心迴歸。在這一點上，市場似乎在對進展投降，無論進展多麼緩慢。在這種情況下，變化在於運營的規律性。</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>在過去的一年中，QuantumScape 不僅與一個關鍵參與者建立了合作關係，還與多個合作伙伴進行了接觸。這種模式暗示了一種戰略方法，而不是絕望的方式，這是投資者迅速注意到的區別。</p>
</div><h2>Bottom Line</h2>
<div class="lb-trans"><h2>結論</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 最近的聯盟不會讓固態電池的商業使用在一夜之間實現，但將極大地有利於公司長期的發展。對於投資者來説，這更多的是關於驗證，而不是立即的收入。這證明了主要汽車製造商確實將 QuantumScape 視為電池技術競爭中的可靠競爭者。</p>
</div>

QuantumScape 的股票上漲，因汽車製造商仍然對固態電池保持信心