HIGHOutside partySupplier
single or few suppliers for key materials
“10-K Item 1A: 'we source certain of our materials and equipment exclusively from one or a few suppliers'”
QS · Concentration risk · 10-K extracted
QuantumScape (QS) concentration risks
Updated
The most significant concentration QuantumScape discloses is single or few suppliers for key materials, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: QuantumScape’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCounterparty
PowerCo
“10-K Item 1A: 'Increased reliance on PowerCo to scale up and commercialize our technology'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two dependency exposures — one on the supply side and one on a strategic commercialization partner — both reflective of the early-stage nature of the business. Certain materials and equipment are sourced exclusively from one or a few suppliers — a high-share dependency by disclosed size. For a technology company working with novel battery materials at the frontier of solid-state cell development, single-source supply arrangements are a significant operational constraint: there is no ready alternative if a key supplier encounters production problems, exits the market, or changes terms, and the inability to procure critical inputs would directly stall development and scale-up activities. The second exposure is a counterparty dependency on PowerCo. The filing discloses increased reliance on PowerCo to scale up and commercialize the company's technology — a moderate-share dependency. This relationship is central to the company's path from laboratory validation to commercial production; if PowerCo were to reduce its commitment, redirect resources, or alter the terms of its engagement, the timeline and economics of commercialization could be materially affected. Together these two dependency exposures describe a company whose near-term prospects depend critically on both a narrow supply base for key materials and a single strategic partner for scaling. Neither dimension is diversified at this stage, and both are structural to the current business model rather than contingent relationships. There are no disclosed geographic, customer, or revenue-side concentrations — the profile is entirely on the supply and partnership side, consistent with the pre-revenue development stage.
For the engine’s reasoning on QS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Auto Parts
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ALSN | Allison Transmission Holdings, | 3 | 0 | 1 | 4 |
| APTV | Aptiv PLC | 1 | 2 | 1 | 4 |
| ALV | Autoliv, Inc. | 1 | 2 | 0 | 3 |
| QS● | QuantumScape Corporation | 1 | 1 | 0 | 2 |
| ADNT | Adient plc | 0 | 1 | 0 | 1 |
| AAP | Advance Auto Parts Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.