Dyson invests £2bn in electric car and battery development : Page 2 of 2

September 27, 2017 //By Nick Flaherty
Dyson invests £2bn in electric car and battery development
Vacuum cleaner maker Dyson is investing over £2bn ($2.4bn, €2.5bn) to develop a new generation of battery technology in its own electric car.
a $1bn investment in battery technology for electric cars. This was challenged by Elon Musk, CEO of elctric car maker Tesla, as too low, and Daimler confirmed it plans to invest $10bn in its electric car programme.

Several European companies are building major plants for making batteries. BMZ in Germany, Samsung SDI in Hungary and Northvolt in Sweden are all building huge 'gigafactories' to support car production, and  TerraE has also launched a foundry system for battery production.

This will put mor epressure on the power grid, says Madiberk at Skeleton. "Government, industry bodies and innovators in the sector must work together to support energy storage technologies that complement the grid, such as ultracapacitor and battery technology. Only by having a stable and reliable energy infrastructure will the country be able to benefit from the exciting electric vehicle technologies that industry innovators such as Dyson will bring.”

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