Dyson Ltd. opened its new global headquarters in Singapore on Friday and announced plans to invest $1.5 billion in expanding its research and engineering capabilities in the city-state.
The move is part of an expansive strategy announced in late 2020 to develop new technologies after the company reversed course on its initiative to create an electric car. Dyson’s $4.9 billion global investment plan spans machine learning, robotics and energy storage and puts the geographic focus on its operations in Singapore, the Philippines and the UK.
The closely held company, best known for its premium-priced cleaning and hygiene appliances, reiterated that it will add more than 250 engineers and scientists in Singapore. Its new home in the city-state where founder James Dyson bought properties and set up a family office is housed in a former power station.