Dyson Planning to Build $1 Billion Lithium Battery Factory After Buying Battery Producer

Dyson announced last week that it was acquiring lithium-ion battery producer Sakti3 for $90 million, and the company is now planning a $1 billion battery factory, Greentech Media reports.
As quoted in the publication:

News of Dyson’s $90 million cash acquisition of Sakti3 emerged on the website Quartz last Thursday. According to the report, Dyson’s and Sakti3’s boards approved the deal on September 25.
USA Today later reported that Dyson is planning to invest up to $1 billion in battery manufacturing facilities, possibly in Sakti3’s home state of Michigan. The acquisition has led to speculation that Dyson might be about to follow other technology players, such as Apple, into the electric-vehicle market.

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