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Dyson invest technology with amount £2.75 billion

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Dyson invest technology

LONDON: Dyson who is the inventor of the bagless vacuum cleaner. It said that in the next five years Dyson will invest new technology with amount £ 2.75 billion to double its range of goods. It includes devices that will take it beyond the home.

Created in the 1990s by Briton James Dyson, Dyson said an investment in the solid-state battery technology. It was developing for an electric vehicle project it abandoned last year will be a priority.

It said that robotics, motor technology, smart products and machine learning will also receive investment.

“Now is the time to invest in new technologies such as energy storage, robotics and software that for the benefit of Dyson’s customers. It will drive performance and sustainability in our products,” said Chief Executive Roland Krueger.

“Dyson will invest new technology and try to expand our existing product categories as well as over the next five years, enter completely new fields.”

The investment will be split between Singapore, the company’s new global headquarters complex, its two campuses in Wiltshire, southern England, where more than 4,000 engineers and other staff are working, and the Philippines.

Because of the effect of the pandemic on market demand. Dyson said in July that it would slash 900 jobs out of a global workforce of 14,000.

Dyson’s products include hair care, hand driers, air purifiers and vacuums, which are now powered by batteries.

It did not announce what items it was working on exactly.

 

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