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.

More news: Egypt concert-goers arrested for raising rainbow flag

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
Hardik Pandya and the art of game-changing knocks in Australia series
Since then, Pandya saw an upward curve before losing form - and his place in the Indian squad - in a short span of time. Action now shifts to Bangalore where Australia would eye pride while India would look to extend their domination.

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
Basketball: NBA coach Gregg Popovich goes off on Donald Trump
You have advantage that are systemically, culturally, psychologically rare. "But it's what we have to live with". People want to hold their position, people want the status quo, people don't want to give that up.

26 September 2017
Eminence Capital LP Boosted Its Lennar Corp (LEN) Holding by $18.09 Million
Cornerstone Advsrs owns 83,700 shares for 1.03% of their portfolio. 5,296 were accumulated by First Interstate Commercial Bank. The stock of Duke Realty Corp (NYSE:DRE) has "Hold" rating given on Monday, September 11 by BMO Capital Markets.

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
Crónica: FC Porto goleia e pressiona Sporting antes do clássico
O time da casa teve uma partida tranquila e precisou de seis minutos para construir sua vitória ainda no primeiro tempo. Conseguimos a vitória e é importante continuar assim com esta concentração durante toda a época.

26 September 2017
Plex News is your new personalized streaming news content option
Users can choose the topics and sources of news they prefer, and Plex will create custom video feeds containing each day's news. Plex is a quarter late, given that we are in late September, but it's now ready to deliver news amongst your other media.

26 September 2017
Local Woman Speaks Out About North Korea Issue From South Korea
Earlier this month, Pyongyang fired its second missile in as many months over northern Japan into the Pacific Ocean. Warplanes released live weapons at a firing range in South Korea, the US Pacific Command said in a statement.

26 September 2017
Russia Threatens to Shut Facebook Over Local Data Storage Laws
Facebook needs to comply with Russia's personal data localization law in 2018, or it will stop working in Russia, Alexander Zharov, the head of the Federal Service for Supervision in the Sphere of Telecom, Information Technology, and Mass Communications (Roskomnadzor), said on September 26.