Cars
Dyson to Spend £1 Billion Making ‘Radical’ Electric Car
- Company announces £2 billion push into autos, batteries
- Car will use solid-state batteries, not lithium-ion ones
Dyson to Build Electric Car by 2020
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Dyson Ltd., best-known as a manufacturer of vacuum cleaners, hand driers and air filters, will build an electric car by 2020, founder James Dyson said Tuesday.
The company is investing one billion pounds ($1.34 billion) to develop the car, plus the same sum to create solid-state batteries to power it, Dyson said. These investments will dwarf money the company is spending on research and development for its vacuums and air filters.