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  "documentTitle": "QuantumScape (QS)",
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      "text": "In contrast to the CEO’s claim that “VW has gone all in,” VW comments strike us as ambivalent and noncommittal at best - indicating any orders/commitments would be a decade away; that they’re evaluating other solid-state players; and that it’s unclear who they’ll select, assuming that hurdles to solid-state batteries can be overcome.",
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      "text": "“We are discussing what is the right path to continue and with whom. There, of course, we are discussing with Quantumscape, established players as well and as our joint venture partner.” – VW employee",
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      "text": "Q: “I think you said earlier that Volkswagen hasn’t given Quantumscape any orders, commitments, or purchase commitments because it’s too many years out, right? It’s like a decade away, is that correct?\nA: “Yes, that's correct.” – VW employee",
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      "text": "Q: “Is there a possibility that you end up working with Solid Power or another company for solid state batteries instead of QuantumScape at some point?\nA: “I think so. We have many partnerships where we thought they were great partnerships, but then we stopped the partnership. In the past, we thought Panasonic was a great partner for batteries, but it turned out not to be.” – VW employee",
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      "text": "“VW has teams for early-stage battery technology and they are dealing with Quantumscape, but also getting tests and next-generation batteries from many other suppliers. They are evaluating, testing, and discussing not only QuantumScape but other suppliers as well.” – VW employee",
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      "text": "“VW has teams for early-stage battery technology and they are dealing with Quantumscape, but also getting tests and next-generation batteries from many other suppliers. They are evaluating, testing, and discussing not only QuantumScape but other suppliers as well.” — VW employee; “We are discussing what is the right path to continue and with whom. There, of course, we are discussing with Quantumscape, established players as well and as our joint venture partner.” — VW employee; “I think you said earlier that Volkswagen hasn’t given Quantumscape any orders, commitments, or purchase commitments because it’s too many years out, right? It’s like a decade away, is that correct? Yes, that’s correct.” — VW employee; “I think so. We have many partnerships where we thought they were great partnerships, but then we stopped the partnership. In the past, we thought Panasonic was a great partner for batteries, but it turned out not to be.” — VW employee",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "2) VW employees indicate internal skepticism of Quantumscape’s claims",
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