{
  "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": 103,
  "pageCount": 188,
  "prevPage": 102,
  "nextPage": 104,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 2,
  "notes": "Uses expert testimony to debunk specific technical claims made by a competitor (QS).",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "callout_box",
    "screenshot",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-32b620517ee9/103",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9#slide-103",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.44,
        "x": 0.53,
        "y": 0.23
      },
      "kind": "callout",
      "text": "Fake cycle life claims are a dime a dozen among solid-state startups. Infinite Power - a failed Apple acquisition - claimed a preposterous 75,000 cycle life, also based on a tiny, low energy density prototype like QS",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "42f16214-8412-4b14-86aa-d9234f70a9af",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Fake cycle life claims are a dime a dozen among solid-state startups. Infinite Power – a failed Apple acquisition - claimed a preposterous 75,000 cycle life, also based on a tiny, low energy density prototype like QS",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d1-75b6-b05f-d7f18b426471",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.88,
        "x": 0.08,
        "y": 0.58
      },
      "kind": "list",
      "text": "“No problem” to show long cycle life at tiny capacities; data QS shows is meaningless. “If you’re only moving a very small amount of lithium, you can cycle. That’s no problem... I don’t want to see percentages.”",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5d09c814-f28a-4d45-989b-f2dcaef5bdfb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.88,
        "x": 0.08,
        "y": 0.79
      },
      "kind": "list",
      "text": "If you’re only cycling a battery to 10% of its capacity, it “can last forever”. “The nominal capacity [of the QS prototype] is 200 milliamp-hour, and if you’re only 20 cycling milliamp-hour, you’re only cycling 10% and this battery can last forever.”",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "69747328-5ad9-4ff4-a8e3-4e751bc84c60",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.88,
        "x": 0.08,
        "y": 0.43
      },
      "kind": "list",
      "text": "Cheating to use low loading for cycle life tests; doesn’t translate to actual EV batteries. “One of the ways to cheat in batteries is to have very low loadings... not showing the same energy density...\"",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0cfa587-decc-4e14-970f-36d5e6c8de9c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.35,
        "x": 0.08,
        "y": 0.28
      },
      "kind": "other",
      "text": "Infinite Power Solutions Demonstrates 75,000 Full Battery Cycles",
      "attrs": null,
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "070f66c9-fe61-447a-a668-4878b784c147",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.94,
        "x": 0.03,
        "y": 0.06
      },
      "kind": "paragraph",
      "text": "Solid state experts (cont’d): “One of the ways to cheat” is “very low loadings”; Apple bought a solid-state startup with similar cycle life claim based on a tiny cell – flopped at more realistic load; lightly cycled cells can run forever",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "866c0366-acfd-43e8-9d7d-db219a6f4381",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“One of the ways to cheat in batteries is to have very low loadings. So, you could have really good data, but it's not showing the same energy density or really like the same amount of charge passed that you would want to see in an electric vehicle cell.” — Solid state expert; “Apple bought a solid-state battery company, Infinite Power, that showed excellent cycle life for solid-state batteries with a lithium metal anode. I think the areal capacity was something like 100 microamp/hour. They could cycle it for a long, time. If you're only moving a very small amount of lithium, you can cycle. That's no problem. That's one of the reasons why I emphasize the absolute numbers matter. I don't want to see percentages. Just show the absolute numbers in terms of capacity.” — Solid state expert; “The nominal capacity [of the QS prototype] is 200 milliamp-hour, and if you're only 20 cycling milliamp-hour, you're only cycling 10% and this battery can last forever.” — Solid state expert",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d1-75b6-b05f-d8b2058d3d12",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.03,
        "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": "b0d7dfa3-e066-46d8-a002-01e5a00c3fc9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.03,
        "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": "4197fdcd-59f9-4bac-afae-d5115cab0c0b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "4fb9de23-36d2-4fff-ba3c-41818105a472",
      "evidence": "The slide explicitly frames technical data as a 'cheat' and 'phony claim' to expose potential fraud.",
      "confidence": 0.9
    }
  ],
  "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
}