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  "documentTitle": "QuantumScape (QS)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2021-04-15 00:00:00",
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      "text": "They always pick a bad cell to compare their cell to.",
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      "text": "The stable blue curve at top is the QS lab sample. Gray curve below cherry-picks a Li-ion cell that fails early.",
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      "text": "Key data slide from QS December 8th “Battery Showcase” – slide #19",
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      "text": "Two solid-state experts indicated that QS cherry-picked a bad Li-ion cell in order to make their prototype appear better, and were dismissive of the QS cell’s “better” power profile.",
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      "text": "First, the graph on the bottom, there's stuff on there at the top showing tremendous stability and then the reference is lithium-ion with a carbon-silicon anode. There are plenty of carbon-silicon anodes that have pretty early failure. People have not, in those systems, really been able to deal with a never-ending SEI growth problem. Okay, fine. But what would it look like compared to an actual EV battery from a state-of-the-art player like Panasonic or CATL or LG? My guess is that reference to those gray dots that look terrible probably looks a whole lot more stable.",
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      "text": "The silicon-carbon cell performance in slide 19, I think again you see the discharge energy is in percentage, which really, really worries me because lithium-ion cells do not look like that at all. If you look at some of the Sila Nanotechnology data, 1000 cycles is very flat. They always pick a bad cell to compare their cell to. The gray reference is not state of the art carbon anode.",
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      "text": "“The silicon-carbon cell performance in slide 19, I think again you see the discharge energy is in percentage, which really, really worries me because lithium-ion cells do not look like that at all. If you look at some of the Sila Nanotechnology data, 1000 cycles is very flat. They always pick a bad cell to compare their cell to. The gray reference is not state of the art carbon anode.” — Leading solid-state battery researcher",
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      "text": "Note: Red boxes, circles, and arrows ours for emphasis. Source: https://s26.q4cdn.com/263384136/files/doc_presentation/2021/1/Data-Launch-Updated-Post-Presentation-20210107-2.pdf",
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      "text": "Red flag 2: Similar to its “Fast Charging” claim, QS misrepresents the power profile of standard Li-ion cells, in order to make theirs look better. Solid-state expert: “They always pick a bad cell to compare their cell to”",
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      "text": "3) Phony claim F: “Aggressive automotive power profiles”",
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