Dyson Announces £2 Billion Electric Car Project
Dyson's profits for 2017 rose by nearly a third since 2016 to reach £801m, with nearly three-quarters of the company's growth coming from Asia at a time of growing demand for technology and consumer products from the region's burgeoning middle classes.
British maker of high-tech vacuum cleaners and fans, Dyson, is set to create 300 new tech jobs in a push to build its first electric auto by 2020. The vacuum cleaner giant has already pledged 2 billion pounds ($2.75 billion) to the project and received support from the British government.
Dyson has seen the number of staff working on solid-state battery technology double and it is looking to fill over 300 vacancies to work on the new vehicle.
The company intends on using advanced solid-state batteries in all of its EVs. Today James Dyson said people in Asia have "an extraordinary enthusiasm for technology that works".
Discovery Communications, Inc. (DISCK) added to 81 new portfolios
United States Steel & Carnegie Pension Fund raised its holdings in shares of Discovery Communications by 19.7% in the 3rd quarter. At the end of 12/31/2017 reporting period, 188 institutional holders increased their position in Discovery Communications, Inc.
Snow-covered Britain braced for new threat as Storm Emma nears
The Met Office has issued amber warnings for today, Wednesday and Thursday for snow and low temperatures. You must avoid risky areas and follow the advice of the emergency services and local authorities.
Kerala advocate files case against Grihalakshmi magazine for featuring breast-feeding model's picture
The Mother's Absoulte Affection (MMA) UNICEF breastfeeding program was launched in 2016 to help promote breastfeeding in India. This is indicative of how deep-seated patriarchal notions about women's bodies can be, such that even women subscribe to them.
Of the growth achieved during the year, 73 per cent came from Asia, while continental Europe grew at 21 per cent and the Americas at 19 per cent.
Dyson's United Kingdom employment has swollen to 4,600 - an increase of 250% - as the company invests in electric vehicles, power systems, motors, vision systems, filtration systems, robotics, machine learning, and AI.
He added that Dyson's tech appealed to Asia's fast-growing middle classes who appreciated products such as its premium-priced hairdryers.
"Our whole emphasis on vacuum cleaners has changed from mains-powered vacuum cleaners that you pull and push - cylinders and uprights - to battery vacuum cleaners", he told reporters.
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