{
  "docId": "019dd923-622c-750b-8b98-56362394aa64",
  "docSlug": "6dfd595fdfac",
  "documentTitle": "Ballard Power Systems (BLDP)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-01-25 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 27,
  "pageCount": 60,
  "prevPage": 26,
  "nextPage": 28,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide uses investigative findings to undermine the credibility of announced government-backed hydrogen initiatives.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-56362394aa64/27",
  "deckHref": "/decks/019dd923-622c-750b-8b98-56362394aa64",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b98-56362394aa64.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b98-56362394aa64#slide-27",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.94,
        "x": 0.03,
        "y": 0.19
      },
      "kind": "callout",
      "text": "To date the UNDP programs have had very limited impact on the development of the hydrogen fuel cell vehicle industry in China. It also appears that local governments are unwilling or unable to provide the required subsidies.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1dc2340-5d15-4d24-9568-9e3577a41397",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.05,
        "y": 0.47
      },
      "kind": "list",
      "text": "Foshan stated that the UNDP had sponsored the purchase of one hydrogen demonstration bus via tender and had provided financial support for a conference",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01b9bd1d-4bcf-4190-bf41-0bca6f88a362",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.94,
        "x": 0.03,
        "y": 0.58
      },
      "kind": "list",
      "text": "Some projects have been announced multiple times each time with a new corporate partner, like the Wuhan zone that was originally a cooperation with Broad Ocean and now with Shenzen Center Power. This project remains in the planning stage. Local governments, it seems are unwilling or unable to provide the required subsidies",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "09c99d81-73c9-4533-9df5-fc66cedb2974",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.94,
        "x": 0.03,
        "y": 0.29
      },
      "kind": "list",
      "text": "The United Nations Development Program (\"UNDP\") has announced a hydrogen energy development program, working with China's Ministry of Science, in five cities, Beijing, Shanghai, Foshan, Yancheng and Rugao and has US $62 million in funding for the project",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9346f134-bb75-4aae-b47e-9d91aa4d3583",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.92,
        "x": 0.05,
        "y": 0.38
      },
      "kind": "list",
      "text": "Two of the cities, Rugao and Foshan, have had formal launch ceremonies for the cooperation",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "94c8fbd9-613f-4229-9a2c-0c46ca36a63c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.92,
        "x": 0.05,
        "y": 0.42
      },
      "kind": "list",
      "text": "When Investigators checked with Foshan about the UNDP program they seemed a little puzzled and unsure about the nature of the cooperation",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af97503e-f91e-458a-b535-8a00d8498c3c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.65,
        "x": 0.31,
        "y": 0.03
      },
      "kind": "title",
      "text": "Hydrogen Fuel Cell Vehicle Development Zones In Nascent Stages (Cont'd)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "184c04cd-fdbe-4377-a8be-99f68cc1e924",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "36ed3982-f8ad-4fca-a6a1-613ee4194595",
      "evidence": "The slide systematically deconstructs official announcements to reveal lack of substance.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}