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Dyson to invest $3.7 billion to double product range by 2025

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Paul Sandle, Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/logos/dyson-logo.jpg"/></figure></div><p>LONDON - Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the next five years to double its product portfolio, including devices that would take it beyond the home.</p><p>Founded by Briton James Dyson in the 1990s, Dyson said a focus would be investment in the solid state battery technology it was developing for an electric car project that it abandoned last year.</p><p>Robotics, motor technology, intelligent products and machine learning would also receive investment, it said.</p><p>&quot;Now is the time to invest in new technologies such as energy storage, robotics and software which will drive performance and sustainability in our products for the benefit of Dyson&#x27;s customers,&quot; said Chief Executive Roland Krueger.</p><p>&quot;We will expand our existing product categories, as well as enter entirely new fields for Dyson over the next five years.&quot;</p><p>The investment will be divided between the company&#x27;s new global head office complex in Singapore, its two campuses in Wiltshire, southern England, where it employs more than 4,000 engineers and other staff, and the Philippines.</p><p>Dyson said in July that it would cut 900 jobs out of a global workforce of 14,000 due to the impact of the pandemic on consumer demand.</p><p>Dyson&#x27;s products include hair care, hand driers and air purifiers, as well as vacuums, which now come battery powered.</p><p>It did not disclose exactly what products it was working on.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/29/19/dyson-picks-singapore-former-nightlife-hub-as-hq">Dyson picks Singapore former nightlife hub as HQ</a></li></ul><figure class="op-interactive"><iframe src="https://www.youtube.com/embed/c7BAEqdTOVw?enablejsapi=1"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the next five years to double its product portfolio, including devices that would take it beyond the home.</p>

Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the next five years to double its product portfolio, including devices that would take it beyond the home.

Dyson to invest $3.7 billion to double product range by 2025

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Dyson to invest $3.7 billion to double product range by 2025

Paul Sandle,

Reuters

Published Nov 27, 2020 11:01 AM PHT

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