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  "documentTitle": "QuantumScape (QS)",
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      "text": "VW employees painted the Quantumscape “partnership” as just a passive equity investment without any real R&D component or even proper access to their data.",
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      "text": "VW employees painted the Quantumscape “partnership” as just a passive equity investment without any real R&D component or even proper access to their data.",
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      "text": "“Currently, it's only financial support. R&D collaboration isn't really established yet. Of course, we have shares and have some power because we are one of the biggest investors, but there is no real R&D relationship or exchange or a joint lab or whatever.” – VW employee",
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      "text": "“We don't have a real partnership or joint venture. Of course, we are one of the biggest investors, but they're also kind of scared to share intellectual property, so it's not like we have an open book policy. This is quite challenging. They are quite protective. This is making the current working mode quite challenging. Volkswagen as a mass manufacturer is also probably not the one willing to pay the most for batteries.” – vw employee",
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      "text": "“We have no real commercial contract and obligation from Quantumscape to open all the books and to make everything transparent to us, because it's not a real partnership nor really a commercial relationship. That's why we have far more data from established suppliers” – VW employee",
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      "text": "“Currently, it's only financial support. R&D collaboration isn't really established yet. Of course, we have shares and have some power because we are one of the biggest investors, but there is no real R&D relationship or exchange or a joint lab or whatever.” — VW employee; “We don't have a real partnership or joint venture. Of course, we are one of the biggest investors, but they're also kind of scared to share intellectual property, so it's not like we have an open book policy. This is quite challenging. They are quite protective. This is making the current working mode quite challenging. Volkswagen as a mass manufacturer is also probably not the one willing to pay the most for batteries.” — VW employee; “We have no real commercial contract and obligation from Quantumscape to open all the books and to make everything transparent to us, because it's not a real partnership nor really a commercial relationship. That's why we have far more data from established suppliers” — VW employee",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "Even with the trust and transparency issues, we were surprised when VW employees dismissed the QS relationship as not “a real partnership or joint venture”; “nor really a commercial relationship”; “no real R&D relationship or exchange or joint lab or whatever”; just a stock investment; “quite challenging” to work with QS",
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      "text": "2) VW employees indicate internal skepticism of Quantumscape’s claims",
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