Vacuum Cleaner Maker Dyson Will Build Electric Cars by 2020
It's been rumored for more than a year, and now it's confirmed: Dyson, maker of painstakingly-engineered vacuum cleaners and other high-tech home appliances, is moving into the world of electric cars. Sir James Dyson, founder of the company that bears his name, has just announced a bold new plan to offer a range of electric cars as early as 2020.
The UK's AutoExpress reports that Sir James circulated a letter to Dyson employees today informing them of the company's move into electric cars. The founder has committed to a two-billion-pound investment (roughly $2.7 billion at today's exchange rate) in the project—half for the car itself, and half to develop the new solid-state battery technology that will power it.
AutoExpress reveals that Sir James plans for his company's electric cars to use solid-state batteries, an advanced technology that traditional automakers have not yet fully solved for automotive applications. Solid-state batteries promise more energy capacity, quicker charging, and safer packaging compared to today's lithium-ion batteries.
According to Sir James, the first Dyson electric car will arrive in 2020, and kick off a range of Dyson vehicles. And he expects the automotive branch will become the biggest moneymaker of the Dyson empire.