Economy

Dyson joins the electric motoring revolution with £2bn investment

Dyson joins the electric motoring revolution with £2bn investment”

It also secured £174 million in government funding to develop "a new battery electric vehicle", according to documents uncovered previous year. After Daimler, Mercedes' parent company, said it would invest $1 billion in its Alabama plant to start building an electric SUV in 2020, Musk responded that "that's not a lot of money for a giant like Daimler/Mercedes". I believed that electrically powered vehicles would solve the vehicle pollution problem.

"Competition for new technology in the automotive industry is fierce and we must do everything we can to keep the specifics of our vehicle confidential", explains Dyson founder Sir James Dyson.

Dyson has made a name for itself by inventing all sorts of new approaches to vacuuming your house, and it seems that the company is now looking to innovate in a whole new "clean" industry.

Dyson has confirmed it is developing its own electric auto, following years of rumour and speculation. The firm says it is "recruiting aggressively". Dyson has been interested in the filtration of diesel emissions for more than two decades. The company is understood to have already hired engineers from Aston Martin.

Dyson has hired several notable Aston Martin execs over the a year ago as well as Tesla's Ricardo Reyes.

In three years time, when Dyson releases its vehicle, the EV market will have grown significantly.

The move caused a stir, as did Dyson's hiring of Tesla communications executive Ricardo Reyes earlier this year, fuelling a resurgence in speculation around the British company's development of an electric vehicle. The team went on to develop a much more sophisticated technology.



Like this

loading...
loading...

Latest


26 September 2017
Which Analysts Are Watching Ultra Petroleum Corp. (NASDAQ:UPL)?
Stifel Nicolaus upgraded Ultra Petroleum Corp from a "hold" rating to a "buy" rating in a research note on Monday, June 12th. The firm purchased 122,074 shares of the oil and gas exploration company's stock, valued at approximately $1,325,000.

26 September 2017
Journalism Professor Stabbed On Madurai Campus, Suspect Is Guest Lecturer
According to the police, Jothimurugan was upset and miffed about Jenefa's refusal to recommend his name for an extension for 2017. He tried to flee from there, but the students caught him and handed him over to the police.

26 September 2017
Law professors slam Sessions ahead of talk on free speech
- Demonstrators gathered at Georgetown University on Tuesday ahead of an event featuring Attorney General Jeff Sessions where he is scheduled to make remarks about free speech on college campuses.

26 September 2017
Boz: Police shot mentally ill cousin 18 times
25, was being sought by police after they responded to a call of a bank robbery and identified him on bank surveillance video. Soon after, Russell allegedly "emerged from his home and aggressively advanced toward SRT officers with a handgun".

26 September 2017
Cardtronics PLC (NASDAQ:CATM) Getting Somewhat Positive Press Coverage, Report Finds
The Company's ATM activities in the United States, Canada, Mexico and Puerto Rico are included in its North America segment. Polaris Capital Management Limited Liability owns 0.09% invested in Cardtronics PLC (NASDAQ:CATM) for 46,183 shares.

26 September 2017
Donald Trump once had a thing for Princess Diana
The leaked recordings of the two men's conversations got further derogatory with Trump talking about Princess Diana's looks. It had begun to feel as if Trump was stalking her.

26 September 2017
Netanyahu Congratulates Merkel, Ignores Gains By The Far-Right AfD Party
Today, Germany is a key Israeli ally in Europe, and assumes responsibility for the atrocities committed during the Holocaust.

26 September 2017
The heaviest woman on Earth died this Monday morning
Doctors described her death as being due to complications from her weight, including heart disease and kidney dysfunction. Abd El Aty's comorbid conditions were being successfully treated as the hospital's medical director in Abu Dhabi, Dr.

26 September 2017
Scientists Found Plastic Waste Near North Pole in Arctic Ocean as Blocks
Rates of ice melt have increased dramatically due to climate change, with 40% of the central Arctic Ocean now navigable in summer. It has been claimed that there is now enough plastic to form a permanent layer in the fossil record.

26 September 2017
Pakistani Army crosses LoC, attacks Indian post in J&K
The BAT's militants were supported by mortal shelling and firing of small arms from nearby Pakistan posts. There have been no casualties from the Indian side.