Dyson moving ahead on £2-billion electric car plan - TechCentral

Dyson moving ahead on £2-billion electric car plan

Dyson, best known for its vacuum cleaners and hand dryers, is charging ahead with a £2-billion (R38-billion) push to start building electric cars, unveiling plans to turn a former airfield into a vehicle testing site.

The technology centre at the former Hullavington Airfield in England will bring the British manufacturer’s investment to £200-million to create engineering work spaces and over 16km of test tracks, the Sheffield-based company said Thursday in a statement. Dyson outlined its plans a year ago.

“Our growing automotive team is now working from Dyson’s state-of-the-art hangars at Hullavington Airfield,” CEO Jim Rowan said in the statement. “We are now firmly focused on the next stage of our automotive project, strengthening our credentials.”

Dyson is joining a list of traditional and new competitors entering an increasingly crowded race to make electric cars. Volkswagen, the world’s biggest car maker, Daimler and General Motors all plan to offer a suite of electric vehicles starting from about next year, while Tesla is pushing into the mass market with the Model 3.

Unlike those car makers, which use established lithium-ion battery technology, Dyson will use solid-state batteries it says are smaller and more efficient. Toyota is also working on solid-state batteries and last year said it hoped to have them in electric vehicles by the early 2020s.

Dyson, which already counts a 400-strong automotive team, said it plans to add another 300 positions to work on the car in the UK. That will help to offset a long list of companies moving operations out of the country amid concern for negative fallout from Brexit. In another positive sign, sports-car maker Aston Martin on Wednesday announced a share sale plan in London, signalling confidence for investor demand.

Meanwhile, Jaguar Land Rover, the UK’s biggest car manufacturer, is moving production of its Land Rover Discovery sport utility vehicle to Slovakia from a plant near Birmingham, England.

Dyson was hoping to “create more high-skilled jobs for Britain”, Rowan said.  — Reported by Áine Quinn, (c) 2018 Bloomberg LP