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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 'shell game' metaphor to describe the company's marketing tactics. It highlights the discrepancy between QS's claims and the actual performance of competing silicon-anode batteries.",
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      "text": "Red flag 4: QS misrepresents standard lithium-ion charge times to make theirs look faster.",
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      "text": "QS claims that conventional lithium ion batteries “currently only get to <50% charge in 15 minutes” and take “~40 minutes [for] 80% charge.” Two former employees explained that QS is using a misleading comparison.",
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      "text": "Another former employee says QS claim is inaccurate and “sandbagging” and that conventional Li-ion battery charge times keep getting faster, making the competitive bar even more difficult for QS. “50% in 15 minutes isn't really accurate...\"",
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      "text": "Former employee calls QS claim a “shell game” because next generation lithium ion batteries have already shown 5 to 15 minute charge times. “Here's the shell game on this one. The shell game is that they're comparing their battery to what is available in the marketplace today. But that's an irrelevant comparison...\"",
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      "text": "\"Here's the shell game on this one. The shell game is that they're comparing their battery to what is available in the marketplace today. But that's an irrelevant comparison... there are other players that have achieved five minutes.\" — Former employee; \"50% in 15 minutes isn't really accurate... So they're sandbagging a little bit on the state of the art. Certainly, they're not better than the conventional technologies that QuantumScape wants to have something.\" — A second former employee",
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      "text": "Source: Scorpion Capital expert consultations",
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      "text": "Red flag 4: QS misrepresents standard lithium-ion charge times to make theirs look faster. Two former employees call it a “shell game” and “inaccurate,” as newer Li-ion batteries can be charged in 5 to 15 minutes.",
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      "text": "3) Phony claim C: Fast charging to 80% in under 15 minutes",
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