Dyson scraps EV project

British technology company Dyson has pulled out of a project to build electric vehicles (EVs), saying it is unable to make its car “commercially viable”. Chief executive Sir James Dyson said in a statement: “We have been through a serious process to find a buyer for the project which has, unfortunately, been unsuccessful so far.” The company, known primarily for its vacuum cleaners, says it will continue its £2.5 billion investment programme into new technology in two UK locations and in Singapore. It wil
October 16, 2019 Read time: 2 mins

British technology company Dyson has pulled out of a project to build electric vehicles (EVs), saying it is unable to make its car “commercially viable”.

Chief executive Sir James Dyson said in a %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external statement false https://www.dyson.co.uk/automotive.html false false%>: “We have been through a serious process to find a buyer for the project which has, unfortunately, been unsuccessful so far.”

The company, known primarily for its vacuum cleaners, says it will continue its £2.5 billion investment programme into new technology in two UK locations and in Singapore. It will also focus on manufacturing solid state batteries, vision systems, machine learning and artificial intelligence.

“In summary, our investment appetite is undiminished, and we will continue to deepen our roots in both the UK and Singapore,” Sir James concludes.

In response, %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Carwow.co.uk false http://carwow.co.uk/ false false%>motoring expert Charles Butler said: “This shows just how tough it is to build good cars at an affordable price - the market for electric is hotting up and clearly Dyson didn’t think it was fit for the fight.”

Related Content

  • ITS European Congress 2020 to be hosted by Lisbon
    February 11, 2019
    ITS European Congress 2020 is to take place in Lisbon, bringing together international mobility stakeholders next year in the Portuguese capital. Organised by Ertico – ITS Europe, the Congress will be themed 'ITS - The Game Changer’ and is an opportunity to display Lisbon's latest achievements in the field of intelligent mobility services. The memorandum of understanding was signed by Ertico CEO Jacob Bangsgaard, Rui Camolino, president of ITS Portugal, and Miguel Gaspar, mobility councillor for Lisb
    Read More
  • Website traffic breaks records during Hurricane Harvey
    September 25, 2017
    During Hurricane Harvey the number of users accessing Houston TransStar’s website, www.houstontranstar.org, for updates on travel conditions peaked at more than three million unique visitors, more than a million individuals accessing the site on 27 August alone.
    Read More
  • Sompo to launch system to assist virtual testing of AVs
    February 19, 2019
    Sompo Japan Nipponkoa Insurance is to develop a system which will allow local governments to carry out virtual tests of autonomous vehicles (AV). A report by The Japan News says the insurance company is hoping to reduce costs associated with real-world testing by providing a virtual environment which will feature road conditions based on 3D maps. This project stems from an agreement with Tier IV, a developer of autonomous driving technologies and measuring technology firm Aisan Technology. The system
    Read More
  • Here Technologies’ platform helps Motion Auto deliver insurance policies
    December 19, 2018
    Here Technologies’ location platform is being used by Motion Auto to deliver user-based insurance policies to its customers. The platform will provide the insurer with information on speed limits and rules of the road as well as measurements of the road surface condition and variable data such as traffic conditions. Daniel Weisman, co-founder of Motion Auto, says Here will help the company understand the behaviour of customers and their relationships to routes, road conditions and traffic. Here’s ma
    Read More

Highlighted Content