Dyson UK announced they are going to manufacture electric vehicles that do not require lithium ion batteries but solid state.....could this be the reason for a bit of a sell-off in GXY today and also LYC.??
Dysons comment in Bloomberg .... Dyson said its car would use solid-state batteries that are smaller, more efficient, easier to charge and potentially easier to recycle. Toyota is also working on solid-state batteries and said earlier this year it hopes to have them in electric vehicles by the early 2020s.
GXY Price at posting:
$2.48 Sentiment: Hold Disclosure: Held