Dyson said a 400-strong team of engineers had already spent two and a half years working on the secret project.
SAN FRANCISCO: Inventor James Dyson confirmed on Tuesday that his eponymous company, best known for its vacuums, is building an electric car. The project has been almost 30 years in the making, the billionaire wrote in an email to employees.
Early efforts concentrated on making a so-called cyclonic filter that could be fitted onto a vehicle’s exhaust system to trap diesel fumes.
In 1993, he appeared on popular British kids television show Blue Peter to show off the early prototype.
While that made good TV, the idea failed to generate interest from potential customers and was scrapped. So Dyson went back to what he does best - manipulating air.
The Dyson vacuum grew to dominate the high end of the British “hoover” market. The company then came out with AirBlade hand-dryers in 1996 and the Air Multiplier bladeless electric fan in 2009, which evolved into a range of air purifiers, humidifiers and heaters.
Revenue soared from 214 million pounds in 2000 to 2.5 billion pounds ($3.4 billion) last year.
By 2015, the first hints of Dyson’s renewed interest in the automotive space emerged. It spent US$90mil acquiring Sakti3, a Michigan-based designer of solid-state batteries. The startup said it had found a way produce batteries with twice the energy storage potential of standard lithium-ion models, at a half to a third of the cost.
Some researchers disputed those claims and Dyson recently abandoned an agreement to license some of Sakti3’s patents from the University of Michigan, which had spun out the startup. But Dyson still has two teams working on this new battery technology.
“Some years ago, observing that automotive firms were not changing their spots, I committed the company to develop new battery technologies,” Dyson wrote in the email to employees. “I believed that electrically powered vehicles would solve the vehicle pollution problem.”
The shift to electric cars has opened the automotive industry up to new entrants. A traditional car has about 30,000 components, compared with just 11,000 for electric vehicles, Goldman Sachs analysts estimate. That’s lowered the barriers to entry, with battery expertise becoming a new and important differentiator.
In 2016, Dyson pledged to spend one billion pounds on battery development over five years, and government filings alluding to his electric car plans emerged.
Meanwhile, the company quietly hired a slew of automotive executives. It brought on board former Tesla Inc communications chief Ricardo Reyes, as well as product development and supply chain experts from Aston Martin.
In March, Dyson revealed plans to build a new research and development facility at a former Royal Air Force base about five miles from its headquarters in Malmesbury, England. The new site will be the epicenter of the electric car efforts, he said Tuesday.
“The team is already over 400 strong, and we are recruiting aggressively. I’m committed to investing £2bil on this endeavour.” James Dyson in email to employees. “Dyson has begun work on a battery electric vehicle, due to be launched by 2020.” - Bloomberg
