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  "documentTitle": "QuantumScape (QS)",
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  "authorName": "Scorpion Capital",
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  "notes": "The slide uses a Q&A format to highlight the contradiction between the company's presented data and the expected physical behavior of the battery technology.",
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      "text": "Key data slide (#21) from QS December 8th “Battery Showcase” – referenced in comments below",
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      "text": "This shows that your conventional battery performance is inferior to your solid-state battery, which is just not true.",
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      "text": "Former employee explains why the data shown in the QS chart “is just not true”",
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      "text": "Red flag 3: QS further claims that its cell outperforms Li-ion at low temperatures. Former employee implies fraud: slide data “is just not true”; “just picked some data” for the deck; “not something I’m going to buy”",
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      "text": "Quantumscape’s slide shows that its solid state battery does better in cold temperature than conventional liquid electrolyte-based Li-ion. A former employee analyzed the data in the chart and explained why it simply cannot be true.",
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      "text": "A: “Look at all the color lines - shrink and move them such that the -30 coincides with the dotted line. That is exactly what the trend would be. This shows that your conventional battery performance is inferior to your solid-state battery, which is just not true.”",
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      "text": "A: “The number 140 that you see at 0°C - just a little bit of technicalities here - so 4,000 is a normal value. The active specific capacity should be ideally around like 3,500-4,000 because they are using lithium metal and at -30°C, you would have exactly 1%, if that, which is usable. This graph should be all the way where your carbon-silicon anode would be. The dotted lines and the -30 should sort of be coincidental, and the rest of them would be like marginal improvements over what you see. But again, you would expect the same trend for a conventional battery as well.”",
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      "text": "Q: “You’re saying the data on this graph - the line should be different, like this is not the behavior you expect?”",
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      "text": "“The number 140 that you see at 0°C - just a little bit of technicalities here - so 4,000 is a normal value. The active specific capacity should be ideally around like 3,500-4,000 because they are using lithium metal and at -30°C, you would have exactly 1%, if that, which is usable.” — Former Employee",
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      "text": "Source: Scorpion Capital consultation calls with experts; https://s26.q4cdn.com/263384136/files/doc_presentation/2021/1/Data-Launch-Updated-Post-Presentation-20210107-2.pdf",
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      "text": "3) Phony claim B: Battery performance in low temperatures",
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