{ "docId": "019dd923-622c-750b-8b9a-32b620517ee9", "docSlug": "2ec39f20dd86", "documentTitle": "QuantumScape (QS)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-04-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 102, "pageCount": 188, "prevPage": 101, "nextPage": 103, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 0, "notes": "The slide uses expert quotes to discredit the company's technical claims.", "elementsJson": [ "headline_text", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-32b620517ee9/102", "deckHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9#slide-102", "components": [ { "bbox": null, "kind": "callout", "text": "Comments by solid state experts slam the QS cycle life claim: “definite red flag”; not an industry-standard battery test; Dept of Energy doesn’t even allow use of such ambiguous data by battery researchers", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d1-75b6-b05f-57bbf1cf0651", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.85, "x": 0.08, "y": 0.66 }, "kind": "paragraph", "text": "QS fails to define depth of discharge – a key parameter for cycle life tests", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "573ee852-e4fc-4ed9-b916-fd3d68bb4a89", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.85, "x": 0.08, "y": 0.48 }, "kind": "paragraph", "text": "Expert indicates that the Department of Energy doesn’t even allow cycle life data this nebulous", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9d60c3eb-d398-4345-af56-4089e3faf92e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.85, "x": 0.08, "y": 0.23 }, "kind": "paragraph", "text": "“Definite red flag” and not industry-standard to only state discharge energy percentage and not disclose the actual capacity", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bd4768e8-1103-4c07-a9b3-c0e5a52e1e1f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.85, "x": 0.08, "y": 0.53 }, "kind": "quote", "text": "“If we made a 200 milliamp-hour cell, we must show the Department of Energy how much energy is left in absolute numbers after 1,000 cycles, when cycling 80% of the total energy. We're not allowed to use percentages.” - Solid state expert", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "235fce32-5ad1-4ccf-90a6-087361860c62", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.85, "x": 0.08, "y": 0.71 }, "kind": "quote", "text": "“You really need to understand what it means to have 100% depth of discharge... when you show a percentage, the denominator must be clearly, unambiguously defined.” - Solid state expert", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c1b799a3-061a-4578-9e5e-3326fa7dd07a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.85, "x": 0.08, "y": 0.3 }, "kind": "quote", "text": "“They only stated discharge energy percentage. They didn't tell you the absolute number. That's a definite red flag...\" - Solid state expert", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e734deab-dd9b-4e59-8cd0-e1e435f89f9b", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“They only stated discharge energy percentage. They didn't tell you the absolute number. That's a definite red flag.” — Solid state expert; “If we made a 200 milliamp-hour cell, we must show the Department of Energy how much energy is left in absolute numbers after 1,000 cycles, when cycling 80% of the total energy. We're not allowed to use percentages.” — Solid state expert; “You really need to understand what it means to have 100% depth of discharge... when you show a percentage, the denominator must be clearly, unambiguously defined.” — Solid state expert", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d1-75b6-b05f-58f1c12f52da", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.05, "y": 0.94 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "170781e0-f56f-4776-a35e-5e301d088b4f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.06 }, "kind": "title", "text": "Comments by solid state experts slam the QS cycle life claim: “definite red flag”; not an industry-standard battery test; Dept of Energy doesn’t even allow use of such ambiguous data by battery researchers", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "50f70c1d-9ece-486c-bbeb-6712780d6805", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.45, "x": 0.05, "y": 0.03 }, "kind": "title", "text": "3) Phony claim D: Long battery life to 1,000+ charge cycles", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "65d70157-3eef-46cc-b2d6-488f096e222a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "antagonist-introduction", "slug": null, "matchId": "0dc4c898-075b-41dc-b8ea-c3b0ec64f90d", "evidence": "The slide frames the company's claims as 'phony' and uses expert testimony to attack credibility.", "confidence": 0.8 } ], "arcBeats": [ { "to": 150, "from": 7, "beatId": "bb56e2cc-71d0-4a88-adf5-a740e3b3215c", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Critique of Quantumscape's claims and technology", "beatSlug": null, "evidence": "The document presents a detailed critique of Quantumscape's claims and technology.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 149, "from": 8, "beatId": "f51b8fe3-6117-425f-a2bb-d0457528eb59", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Exposure of contradictions and red flags in Quantumscape's data", "beatSlug": null, "evidence": "The document highlights multiple contradictions and red flags in Quantumscape's data.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }