Have I ever mentioned the "Flywheel Effect?"
From TechNode, July 7:
On July 6, Wu Kai, Chief Scientist at China’s largest EV battery maker CATL, revealed that its new product can be charged for just 10 minutes to achieve a range of 400 kilometers. Announced at the 2023 China Auto Forum held in Jiading, Shanghai, the new battery is expected to launch within the year. Furthermore, the company aims to reduce the charging time to five to seven minutes in the future. Wu also said that, with a team of 16,000 researchers, CATL is preparing for mass production of its sodium-ion batteries....
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Why yes, I have mentioned the Flywheel Effect. A few times. Here's a post from May 2020:Flywheel Effect: Why Positive Feedback Loops are a Meta-Competitive Advantage
Since the big name business schools are closed for a while here's a do-it-yourself Masters Class.
Following up on April's "How to Think About Companies: 'Advantage Flywheels'".....
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I think we're witnessing the Flywheel Effect in action at, not just China's but the world's largest battery producer.
Incremental advantages lead to overwhelming business success. I don't know if there are 16,000 researchers in the entire rest of the battery biz. If that's the case, how can they catch up to CATL?
Incremental advantages lead to overwhelming business success. I don't know if there are 16,000 researchers in the entire rest of the battery biz. If that's the case, how can they catch up to CATL?
