Just as John D Rockefeller’s Standard Oil rose to dominate the 19th-century crude industry as rivals fell by the wayside, the coming battery era will have its champions and laggards.
Some of the winners will be entirely new businesses; others will be today’s large companies that adapt to dominate in new areas.
“In a Darwinian world, if we do not change we disappear,” Carlos Tavares, head of the world’s-fourth largest carmaker Stellantis, warned last month.
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