N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . www captionslive com au | captionslive outlook com | UX A a a D R a c 2022 F da , 18 Ma c 2022 Ca i ed b : Ca el D e & Ti a Fall 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 112 STAS KRUPENIA: Al igh , ' e elc e. G d i g I g e a be e f , b g d af e e e e el e. A S e e e i ed I' S a K e ia, I' he head f he e ea ch ffice a Sca ia. We' e babl ell-k f a ge f ck , b e a d e gi e . H e e a I'll c e i j a li le hile, e' e de g i g a a f a i , a d a e i c ea i gl deli e i g ai able a e . Al , a S e e e i ed ea lie a he a f hi e i , e ha e a bi f a he e ha e i g he e, I' g i g f ll f Ch i he ' e e a i f ll e e e a d c i e i h he ic f elli g. M e ecificall , I'll e lai h e' e i g hi g ide e i e i d ial e ea ch f li . I'll a igh a he e d, a d I'll ge aigh he i . S elli g i ed icall de el a d ell a d c e ice, e a e i g elli g de el a d ell e i e e ea ch f li , hich i h i he a ge f A alia $70 $80 illi . We ha e ab 150 g i g jec i he f li igh . Thi i cl de alle f ll -i e al f ded jec a fe h l g i fl e ci g i d ial PhD . I i cl de a i all a d EU-f ded jec hich h ee f a be fi e ea l g. Whe e alk ab e ea ch f li , hi i he i e f he f li . We' e i g elli g a a a ell hi . I d e i , b i ill all bec e clea e i j a fe i e . Sca ia i babl ell-k f ck a d b e , b e' e de g i g a a f a i . A e' e g i g f a d - i fac , hi i a j e e a ed a c le f ea ag al ead - Sca ia i ai i g be, a d ca a g e ha i i al ead a ld-leadi g ide f a l i . T ge he i h c e a d a e e a e d i i g hi hif a d a e ai able f e, a d e ai able a e . Whe e alk ab c e i ' clea h ha 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 113 i , b he e alk ab a e , e he e efe i e i ie . We efe e ea ch i i e , ha lage e a , ci ie egi he g e e al a h i ie . A e a d h f a d a e ai able cie e eali e ha Sca ia a a ga i a i , e eed c -de el hi i h he akeh lde i cie . Tha i e hi g ha e a e eall i g d a d e a e d i g a he cce f ll . All f ha i e lai he c le i f he ld i hich e e a e. H d e a h f a d a bi i f hi e ai able f e? Well, I' g i g e e e ga i a i al i f a i f h e' e c ed. Thi , f c e, i a i lified e e e a i f a a f he ga i a i . Thi i i d ial e a i , hich i cl de ligh l e ha 20,000 e le i i d ial e a i . I' j g i g i a fe hi g he e. O he e ide, e ha e he a f he ga i a i ha de el he l i . Hi icall ca a ha hi i he R&D a f he ga i a i a d i ' li i f ke a ea - e ai , elec ifica i , he ehicle de ig a d f a e. The de el he d c a d he c ea e he l i . The e ha e he ga i a i . Tha ' ac all he e I a i he e ea ch ffice a d e he e f he ga i a i i h hei e ea ch ac i i ie . The e ha e cha i g. The b bi a d iece , l gi ic l f i a il he d c i a d he e ha e he d c i ha ake he hi g . I' g i g f c i a il al e cl i el he de el e a f he ga i a i . Of c e, e ha e a h le l f e de el l i . S e e ce , 7, 8, 9% f he b dge i dedica ed e ea ch ac i i ie . Thi a ge ec i i ab h ch e e d e ea ch. We ha e i i a a ga i a i , ai able a ga i a i , he a ea a d e f he e e e ea ch. I' alki g ab d c de el e he c ce de el e , I' alki g ab he ac i i ie ha bef e ha . Y ca 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 114 c ce ali e hi a he e ea ch jec e i ed ea lie hich a e i a il he e b ild c e e ce c ea e l i he l e ech l g eadi e le el. I c e back hi a li le bi la e , b I highligh he e ha i he e ea ch ffice e' e i g he de el e ea i h hei e ea ch ac i i ie a d i h e ea ch, e a e efe i g d c a d c ce de el e , b e hi g ha e bef e ha . A li le hi f ha e' e i g d i h e ea ch a d i g he e ea ch ffice. I' g i g di e dee e i a bi i i he e ea ch ffice. Wi hi he e ea ch ffice, i i i ha e a i i ed a d e abled ga i a i i h e l i g c e e cie a d ech l g ca abili ie ha a e able ackle l g- e a f a i al b i e challe ge . O i i i ac i el a d ca he e adjace a d a f a i al e ea ch a d i a i ac i i ie ge he i h c lleag e a d he a ec e . Wha I' a i g he e ill h ef ll ice e fl ha I aid bef e f ki g ge he i h a e a d c e . The e a e e e d he e ha I a f c , ecificall a f a i al a d adjace e ea ch. We ca l he ki d f ac i i ie e ea ch ffice he e di e i ee i f f e. We ha e a h , edi a d l g i e a d he e ical a i e ha e de el e f d c a d e ice a d hei i i ha e ffe . A he l e le el he e, e ha e c e l i d c e ice e ffe . The ligh l ab e ha e ha e adjace a ea . Thi i he e a e e a di g i e b i e a ea e c a ie , a he e e ha e a f a i al ac i i ie . Thi i b eaki g h gh i a ke ha d ' e e i . Y ca ee he e i i ie a e i he e ea ch ffice i ' he e i ha adjace a d a f a i al ace. I ' e cl i el he e e a e b he e e 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 115 f c . Sca ia ha a a bi i be a leade i ai able a l i . We ha e de el e ea a d i he e ea ch ffice a e he e h e e ea ch ac i i ie , he ac i i ie i he adjace a d a f a i al ace he ga i a i e he edi a d l g- e . Thi i a bi i , a i i a d i i . Y k he e he c a i headi g a d i he e ea ch ffice e ha e a be f diffe e akeh lde ha e a e ecificall i g ide al e f . Y ee ha i f f . A he f akeh lde li i hi diag a e ha e f e c e a d a e . The e a e he c e he akeh lde ha eed e d cie al a d a ke cha ge . O c e al de a d he eed be e ai able a d e' e i g de el l i f he . If e e i a a i-cl ck i e di ec i e e ha e he a egic deci i ake . The e a e he e le ha eed defi e he di ec i f Sca ia ec e e i e e a d e g he i i i hi ai able a ec e . Y ca c ce ali e hi a he e ec i e b a d a d a e g f he , I efe he a egic deci i ake i hi a , a he e ec i e deci i ake . O he he ide, h gh, e ha e ac ical a d e a i al deci i ake . The e a e he e le ha eed ec e c e al e i h ee eigh ea , a be e ea . I ' he e le ha eed eall e a i ali e he di ec i ha he a egic deci i ake ha e decided . A he b e ha e c lleag e a d he e a e he e le ha c d c he k, b a e al a lea acc di g , a e he e le h a e he e g i e f he kill he ffe . T g i e f hei de el e a ell. U i he e ea ch ffice a e i g ide al e all f he e akeh lde . I de d ha e i he e ea ch ffice a e ffe i g i e a l f hi g . Wha e' e eall i g d i ell e ea ch di ec i i h he e e ec i e a age , he a egic le el I efe ed 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 116 e i l . We al eed ell e gage e i h he e ea ch di ec i i h ha ac ical a d e a i al le el. Wha hi all c e d i e eed ell la di ec i . We i he e ea ch ffice eed e he di ec i f h e e ea ch ac i i ie a d e eed ell hi i h he e ec i e a age , h e a egic deci i ake . The eed ag ee he di ec i , b e al eed ell he e gage e i h hi la i h he ac ical deci i ake , he deci i ake l e d i he ga i a i . We al d a l f he hi g i he e ea ch ffice like each, b i ' he e hi g I e i ed ab e ha I' g i g f c - elli g he e ea ch di ec i he e ec i e a age a d elli g ha e gage e . We ha e l hel i h hi . O e l i ech l g ad a . Y ca c ce ali e hi a a e ea ch ad a a d e ha e a a i e ie . I ill a i h e lai i g he ech l g e ea ch ad a a d he TRM a a i e he ie a e a e- - e c li g i h he ad a , b I'll a i h he ad a . U f a el , I ca ' ac all h ha ad a l k like, b I a g i g h hi e e e a i a d he e a e a b ch f hi g i he I h hi . The fi hi g i e ha e i diffe e ech l g a ea a d ee hi he lef -ha d ide - c ec i i , a a i , h a fac , ehicle de ig , elec ifica i , l i . Vehicle de ig ha a a ge ec e hi a f eigh l . Elec ifica i , hi a f e de i . We ha e he e i diffe e ech l g a ea ha ha e defi ed a be f a ge he e a ge de c ibe a ecific a bi i a a ecific i i i e. Each a ge i ed b ha e call a ech l g leade . We ha e i ech l g leade defi i g hei ad a f hei ech l g a ea b c ea i g a e ie f a ge ha de c ibe a ecific a bi i a a ecific i i i e. I addi i hi , e ha e a ce ai be f c a ge . The e c a ge he e a e high-le el de c i i f he e 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 117 e a be a d ca c ce ali e hi , hi i ab e a ha e he igh c di i f ai able a e a d he a ge he e i he e e a ha e he e c di i i eg a ed a d i i ed, he ' e high-le el ab ac c a ge . E e iall , ke d . O e ea ch ad a a ca i agi e de c ibi g $70-80 illi h f al e ha i e a l f al e behi d i . Whe e e e hi ad a he e ec i e deci i ake a Sca ia, e ha e a c le f i e . The fi i e i ca ' al a ee he f e , beca e ' e b l ki g a he ee . P e e i g he TRM ake ab h a d a he e d f hi i ' ha d e ai a e all ie f he f li . I ' al ha ca eall ell he e he e e ea ch e l ill b i g . P ac icall eaki g, ha d he e diffe e a ge add ? Addi i all hile i ' al able k hi ad a , i ' i e diffic l i i e e le h gh ha ad a . The la challe ge i , if e a c ea e a c d c , if e a all f he e e ea ch ac i i ie e d i e hi g c le e a d h li ic e d ' eall ha e he l i ha a bi i . T ackle e f he e challe ge , e a ed k he TRM a a i e , ech l g ad a a a i e . The e a e e e iall de c i i f f e ible ech l g c ea ed h gh he c le i f he a ge . I e e diffe e e f he diffe e akeh lde . F he e a egic deci i ake he a a i e ide a e ie f ha ca be achie ed h gh he i di id al a ge . F c lleag e , he a a i e ide a acce ible i i a i al i i f he f e. F c lleag e ha c ea e he ad a , he ech l g leade , he a a i e a e a l d i e f a d c -d ai c llab a i . La l f h e e a i al a d ac ical deci i ake , he he h ld eall efe he ecific ad a . S agai , hi i h he ad a l k a d ha e a d i e a a d c ec he d hi ad a fi d a i i 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 118 f he f e a d c ica e hi i i i a e acce ible a . I he d , if e l k a he e b e f a ge , ha ca e ac all achie e? H d e d hi ? I fi k h e b gh he e ech l g leade ge he a d e ied e lai he a bi i a d he e e' e i g d a d ha fi k h a c f i g. The ech l g leade had a diffic l i e i g de a d ha e e e i g achie e he e. The e e e di ag ee e he al e f hi k, ha e e e ai i g deli e a d diffe e e ce i he challe ge e ld ha e i g f a d. A he e d f hi k h , e had e i e eflec , he i e he e l a d edefi e he ble ace. We he a a ec d k h i h he a e c ib a d hi k h c ld be defi ed a a e e f di c f . We had a be e idea f he e e e e g i g, b e had diffe e i i h ge he e. The c flic a e c c i e, "We h ld g hi di ec i ha di ec i hi challe ge ha challe ge." We had diffe e e ec i e h ge he e. A he e d f hi k h , e had a cha ce edefi e l he ble ace, b he l i ace. We had he cha ce i ali e he e e e e g i g i h hi a d a a i e. We a a hi d k h defi ed a c e . We ag eed he a f a d. We c ld ee i ila i ie he diffe e ech l g leade e ec i e h ceed a d ki g ge he . Oh, ' e hi ki g b i g hi a ge i he ? Al igh , if e' e g i g ai f ha a ge , he I eed ake adj e a ge . Ei he I cha ge he da e I cha ge he c e f he a ge . A he e d f hi hi d k h , e c ld eall efi e he l i a d i ali e i i a g d a . I ill h he a a i e he a d f a el , he e' a l ha I ca ' h he e, b I ill e lai i a be a I ca . Thi i h l k . I ' called he Cha i f E e g a d he e a e a fe c e 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 119 i . O he lef -ha d ide e ha e Cla a' j e hich i b ke d i a be f ba icall cha e . O he b e ha e he a ge ake f ha ad a ha a e ed c c he a d i he ce e e ha e a i ali a i f he , e e iall e ha e hi b k he e. The lef i he , he b f he a ge i ed c c he a d he ce e i he i ali a i . I ill ead e f he . I ca ' h i , b i ab Cla a a d Cla a' j e a d i cha e 1 e alk ab Cla a a d he ehicle ha ha e celle e e g efficie c . Ligh eigh de ig , hich ea he ca ha e a alle ba e c a ed he c e i i . I he e cha e e a ha Cla a' a i i i g i g cha ge b 300 kil e e e ca d a ba e ca aci i c ea e, i c ea i g cha gi g he ba e d le . I he e cha e , e alk ab Sca ia - e' e b i gi g d a a i he - e alk ab bei g e f he i a ide af e he g ea c be -a ack f 2028 ha de ed a la ge a f he c e i i e flee a d he edic i e a d la i g g ida ce cha e e alk ab h he ck ec g i e he a d c ec he gadge a d de ice . The a g e ed eali a d he di la e gi i g he he i k i a ela ed e i e a d la l ai abili , e alk ab h e c ea e he ehicle i h f il-f ee eel a d bi ligh eigh la ic ha feel de a d . Thi i he a a i e ha e deli e ed. If I c e a d e i he highligh e ickl I ca a he e a e h ee highligh . Fi l , he al e f he a a i e a a de el e l. Whe e ceeded i h he a a i e i he a I de c ibed , he a a i e ha e bee e al able i hel i g ch i e a d efi e a ge . Whe e c ea e ha a a i e ba ed he a ge e c ld l k back a d a d a , d e ha e he igh i i g f a ge ec e hi a a c le e l i ? Ha e e g all he a ge ha e 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 120 eed? Sec dl , he a a i e ha e bee g ea a a ale a e gage e l. I ' bee ea ie c ica e a d ell a bi i , d c , e ea ch f li h e e ec i e deci i ake , c ica i g h gh he a a i e i ch icke a d ch e effec i e ha c ica i g h gh he e i e ad a , he 2-h e i f ha . La l , he a a i e a a he , a e ch e i i a i al c a ed ha TRM ad a , ha h le e ea ch b a d. Wi h ha , i ' ch ea ie e gage a d i e he e l ee h a e ac all d i g he k. The e a e he h ee ke highligh f h e ed he a a i e a a l ell e i e e ea ch f li . If I d , I j ha e a ha e did hi k i h h ge c ib i f c lleag e E a S dell. Tha ' he e I lea e i . STEVE BATY: Tha k ch S a f l ge i g ea l a d e e i g hile ell. I k ' e 100%, d bl a ecia i e f eff da . Tha k ch. We ha e a c le f e i a d e ha e a li le bi f i e if ' e illi g. D e Sca ia e he j b be d e f a e k a d c e i a i ? Wha ' bee e e ie ce f i ? STAS KRUPENIA: I d ' eall ec g i e a f he d ha e i e he e? Ja e be d e f a e k I' a all fa ilia i h he e, I d ' hi k I ca a e ha e. STEVE BATY: I'll g he he e i he hich i h d d he ech ad a ? Wha ' he a ach e? D i e a e i f e ? STAS KRUPENIA: Thi e I ca a e . We da e i ea l . E e ea 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 121 he e i a e i i f he ad a a d e e ea he e i al a e ec i e h fa e' e c e. The e a e he ai ile e ha e ha e. A d N e be e da e he ad a f he ea ahead a d a d A il-Ma e ha e a e ec i e h i e i he e i ea . Each f h e ech l g leade e h ee a ache . T d , b a d ide-i . The i e ie e be f he e e i f he ga i a i hei e ec i e f he f e, he e e eed be headi g. The a e ie f k h i h he l e le el f he ga i a i , he e le ha d he k, hei e ec i e f he e e eed d . The ' e all e e i he field, he a e d c fe e ce , ead, i e, a e d c fe e ce a d ake hi ide e ec i e. The c c he ad a behalf f he ga i a i , gi e he e he ga i a i i g i g, hi i he e e eed i e . I ' hi -d , b - a d ide-i a ach e f a d hi ad a hich i da ed ea l . I ha e he e i i f f e, b he ' e j i g a d a li le bi . I h e I a e ed ha e i . STEVE BATY: Ye , did. I a e i g he a e' e a e i g he , ha ' h he ' e di a ea i g. I had a he e, h gh, hich i h d - ha i he ce f h ldi g he e gi ee i g ech ea acc i e f deli e i g agai he a a i e? Like, he e' a i e e a i a bi f a ga he e be ee he ha ' bee ld a d he a bi i ha ' c ica ed he ei e he a d b l j b f de el i g h e ech l gie ? STAS KRUPENIA: S e, I ca a e ha . Y ' e ac all l ge i g a all bi f he bigge . The bigge i ha Sca ia ha ce ai ce a i ab ha he f e c ld be like. A ice, ha eacef l 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 122 f e a a - idde f e. We ake he e e e ha a e i i , b I ill a ha . We ha e he e ible f e . Wi hi he e ible f e , e ca ca e a diffe e ki d f a i d ie a e ha e ch k k i . S e ca alk ab a i e -ci a e a l g ha lage a e . We ha e gl bal ce a i , e ha e a e a d he e ha e a a i e ha a e i e ded de c ibe d c l i e c ld ha e i a a e i a gi e f e. The e' e f elli g d f hi e b ad, ible a big f e he a e he a a i e he ad a he jec . STEVE BATY: G i , ka . STAS KRUPENIA: The e i hi ki d f f elli g d he e a d he he jec i he e e ack hi g . STEVE BATY: Oka . STAS KRUPENIA: We ha e ha e a fai h ha he d c ill add al e he ad a a d he a a i e. The he hi g e i i ha h e a a i e a e d c la ed. STEVE BATY: Ye , ka . STAS KRUPENIA: The ' e de a i la d c la . The a e ha e c ld achie e h gh he k ledge e ac i e ha ad a . The ga i a i a ch e ell a diffe e d c . Thi i he a bi i . The a bi i i h he a a i e i e lai ha e c ld d h gh he k ledge e ac i e i he ad a . Al h gh e 

N e ha hi i a edi ed a c i f a li e e e a d he ef e ma c ai e . Thi a c i i he j i e f Ca i LIVE a d he a h i ed a e ible f a me a d ma be c ied ed b a he a i h a h i a i . Page 123 be ca ef l e e e ha . We i he e ea ch ffice a e alki g ab e ea ch ac i i ie dic a i g a la he e f he ga i a i . STEVE BATY: W de f l. S a , ha k ch. I ' bee de f l hea f a d I d a ecia e ge i g ea l . Tha k ch. H ef ll , he e f da i e f l. STAS KRUPENIA: Tha k ch. Tha k f bei g he e. I h e he e f he da a d he eeke d i g ea f e e e, a ell. STEVE BATY: Oka , e a e d la e e a i . T cl e he c fe e ce e ha e E ie a h ill alk ab i g de ig e ea ch deli e able i li i g d c e . We a e cl e. He e i E ie a. Hell . ERIETTA SAPPOUNAKIS: Hi, h a e ? STEVE BATY: Tha k f c i g i a he e d b i g i h e a d cl e i f . ERIETTA SAPPOUNAKIS: H e I ill. STEVE BATY: I ca ee ha . I ill e f he a a d lea e i . ERIETTA SAPPOUNAKIS: Hi e e e. Tha k f j i i g e a d icki g i f he la e i f da 2 f he c fe e ce. I' he e alk ab h ake de f l a ifac a d i igh i li i g