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432 The Electric: As 2024 Nears, Are Next-Gen Battery Companies on the Verge of a Culling?

The Information
Steve LeVine @ The Information · 12/18/2023 07:30 EDT

The Electric: As 2024 Nears, Are Next-Gen Battery Companies on the Verge of a Culling?

In the 1920s, more than 700 U.S. manufacturers vied in a brutal competition to sell a new product—electric washing machines. Cheap electricity had reached urban homes, and American households snapped up the labor-saving washers, which quickly became ubiquitous. But just five U.S. washing machine manufacturers survive. It’s the same with refrigerators and waffle irons. In the 1920s, around 60 U.S. companies made the former and 85 the latter; the two devices are now made by just three U.S. manufacturers each.

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