Jingtai Technology-P rose more than 17% today, and was included in the Hong Kong Stock Connect. The Company is the first special technology stock of 18C.
1min read QuantumScape (QSC) shares rise more than 17%, up 17.4% at HK$14.98 at the time of writing, with a turnover of HK$45.0088 million.
On September 9, the Shanghai Stock Exchange and Shenzhen Stock Exchange announced adjustments to the list of stocks eligible for trading through the Stock Connect scheme, with QuantumScape's QUANTUMPH-P officially added to the list, effective from September 10, 2024. It is worth noting that QuantumScape is the first technology company to go public under the Special Technology Companies (18C) listing rules since their introduction on March 31, 2023. The Company achieved revenue of RMB103 million in the first half of this year, up 28.34% YoY.
Moreover, QuantumScape recently announced the formal signing of a five-year strategic cooperation agreement with GCLP Group. According to the agreement, GCLP will pay QuantumScape an estimated RMB100 million (US$135 million) in research and development fees in stages according to the project's research and development progress. QuantumScape will provide customized services for GCLP in the fields of perovskite, supramolecular, lithium-ion batteries, positive materials, carbon-silicon materials, etc.