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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": "Standard “Coulombic efficiency” metric is once again missing, without which cycle life claims are meaningless",
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      "text": "1) QS hides the actual capacity... 2) QS cell appears to be a fraction... 3) Cycle life test used is not industry-standard... 4) Common trick in fake cycle life claims... 5) Coulombic efficiency is a basic...",
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      "kind": "paragraph",
      "text": "At its Dec 8th Battery Showcase, QS showed two slides for cycle life for its single-layer cell. We noted extensive red flags for each claim – cycle life at normal operation, and under low temperature conditions. Each of those red flags applies in spades to the same claim it makes for its 4-layer prototype cell. We summarize them here.",
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      "text": "Source: https://s26.q4cdn.com/263384136/files/doc_financials/2020/q4/QS-Shareholder-Letter-Q4-2020.pdf",
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      "text": "Red flag 6: The one scrap of data shown for its multilayer cell – cycle life – exhibits the same sleight of hand as its cycle life claims for single-layer cells. Standard “Coulombic efficiency” metric is once again missing, without which cycle life claims are meaningless",
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      "text": "4) Multi-layer cells: a fraudulent narrative to cover-up a failure",
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