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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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  "notes": "The slide uses a 'red flag' framing to cast doubt on the company's technical claims.",
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      "text": "Performance of the battery at low temperatures, especially sub-zero temperatures; that's something that they were never able to get right back then.",
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      "text": "We found the ex-employee’s comments interesting and believe they speak for themselves.",
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      "text": "Former employee attended a recent battery conference where experts were skeptical of QS claim “As far as the low-temperature performance is concerned, they [experts in attendance] didn’t agree on these numbers at all. There was a lot of skepticism about the low-temperature operation.” – Former employee",
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      "text": "“Performance of the battery at low temperatures, especially sub-zero temperatures; that's something that they were never able to get right back then. From all of the statements they've put out, from all of the publications that they've done...I mean, this seems almost like a sudden discovery. Until about a year back, they couldn't solve the problem, and all of a sudden, it's just solved and not just solved but stabilized and now scalable as well? That's something that I would pause to look at and seriously evaluate from a materials perspective.” – Former employee",
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      "text": "Our question: “What are the main technical challenges/impediments that give you pause, that you’re skeptical that they’ve solved? What are the big things that you have to get right that you don’t think they’ve gotten right yet because it’s too hard of a problem?”",
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      "text": "Performance of the battery at low temperatures, especially sub-zero temperatures; that's something that they were never able to get right back then. From all of the statements they've put out, from all of the publications that they've done...I mean, this seems almost like a sudden discovery. Until about a year back, they couldn't solve the problem, and all of a sudden, it's just solved and not just solved but stabilized and now scalable as well? That's something that I would pause to look at and seriously evaluate from a materials perspective. — Former employee",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "kind": "title",
      "text": "3) Phony claim B: Battery performance in low temperatures",
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      "text": "Red flag 2 (cont’d): Former employee states QS “was never able to get” low temperature performance right and is stunned/skeptical “that this seems almost like a sudden discovery”; “until about a year back they couldn’t solve the problem and all of a sudden it’s just solved”; notes massive skepticism a recent battery conference",
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