{ "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": 141, "pageCount": 188, "prevPage": 140, "nextPage": 142, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "Uses direct quotes to undermine company credibility regarding manufacturing capabilities.", "elementsJson": [ "headline_text", "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-32b620517ee9/141", "deckHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-32b620517ee9#slide-141", "components": [ { "bbox": null, "kind": "callout", "text": "When you scale area, it exacerbates the problem.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-f5d1-75b6-b061-e94947f80de2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.22 }, "kind": "paragraph", "text": "A former employee indicated skepticism at Quantumscape's yields, suggesting they were atrocious and that the math would work against them if they tried to build cells with larger surface areas.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "615f36b3-f0ca-4ef6-b63a-ee913696f026", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.9, "x": 0.05, "y": 0.52 }, "kind": "quote", "text": "\"Usually, when you do a build, you make a certain amount of material, and that gets you a certain number of pouch cells, and that's usually a batch. And so, out of that batch, if it's 1% of the cells that they made were the ones that worked, yeah, you can show that 1%. But what about the 99%? When you scale area, it exacerbates the problem. So, let's be optimistic and say if they have a 50% yield of a batch of 100 cells, you multiply that in area, it's to a power of 2. Basically, your yield would be equivalent to 25% in a doubled area, for example.\" – Former employee", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "98094124-2f84-4625-906a-53d635633b6e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.35 }, "kind": "quote", "text": "\"I doubt their ability to make that [a 70x85mm single layer prototype pouch cell] repeatedly in a reliable manner. You can see everything once and get lucky. You can do things maybe 10 times and be onto something. Whenever I see the data points, I always just wonder how many data points are in there and what is their yield? That's something they never report.\" – Former employee", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ccb4adf2-5d5f-42e2-99cd-bd41ece117ce", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“I doubt their ability to make that [a 70x85mm single layer prototype pouch cell] repeatedly in a reliable manner. You can see everything once and get lucky. You can do things maybe 10 times and be onto something. Whenever I see the data points, I always just wonder how many data points are in there and what is their yield? That's something they never report.” — Former employee", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-f5d1-75b6-b061-effcf7309766", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.05, "y": 0.75 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "70aff05c-7f01-46c2-8935-1e3a82d9e25e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "Yields low even for test cells, scaling is a non-starter: \"I doubt their ability\" to make even one-layer samples \"repeatedly in a reliable manner\"; yields are \"something they never report\"", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6f048284-850a-44d5-a887-92beb421af3f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "a4600ea2-6fc1-4e88-a6c7-7bb8f2acd22b", "evidence": "Uses expert testimony to contradict implied company claims of reliability.", "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 }