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

  • Meet RideScout
    September 10, 2014
    A new mobile app called RideScout provides Transit as a Service (TaaS) by consolidating multiple public, private and social transit options in a single platform.
    Read More
  • ITS World Congress premieres Kongressnavigator
    September 28, 2012
    Available for download from this week, the ITS World Congress ‘Kongressnavigator’is the first app to combine all the most important things at a congress. It helps visitors navigate through the city and the congress centre, and it integrates the conference programme, transportation schedules and tickets. All this comes together on the smartphone - now available for the iPhone, Android and as a mobile web application. Arrival at the airport followed by a quick stop at your hotel - there's not much time to spa
    Read More
  • Transdev and Mobike to make free floating bikes available across France
    December 4, 2018
    Mobility operator Transdev and bike-share company Mobike will offer ‘free floating’ bicycles to local authorities in France in a partnership to provide residents with a ‘clean’ last-mile solution. Transdev says 70% of local authorities in France consider the development of ‘soft’ transportation modes as a priority in the transition to clean energy. The companies aim to market the Mobike bicycles in more than ten authorities over the next year. Richard Dujardin, general manager of Transdev France, says:
    Read More
  • ATC showcases VC6 traffic light controller
    March 22, 2018
    Australian company Aldridge Traffic Controllers (ATC) is throwing the spotlight on its new traffic controllers which support the sixth generation of SCATS (Sydney Coordinated Adaptive Traffic System). The VC6 version can cover up to 32 signal group configurations and is capable of accommodating 48 loops and eight pedestrian inputs. The system also includes conflict and lamp monitoring with 200m/s fault reporting, hot-swappable vehicle and external modules, Bluetooth data collection and integrated 3G/4G LTE
    Read More

Highlighted Content