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...edward.luce@ft.com...
...advantage in batteries is not the result of one breakthrough, but the accumulation of a series of competitive strengths it has built up over two decades in access to resources, sustained investment in R&D...
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...Edwards: Absolutely. I’m not saying they collapse to the extent they did in 2001. But the same qualitative argument applies. We saw it in 2022, when we had profit disappointments....
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