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

  • Presentations from 2012 Connected Vehicle Safety Workshop now available online
    October 4, 2012
    PowerPoint presentations from September’s Connected Vehicle public meeting in Chicago are now available for viewing on the internet. The meeting, which was organised by the Intelligent Transportation Systems Joint Program Office (ITS JPO), focused on vehicle-to-vehicle safety, the current safety pilot model deployment, development of a robust vehicle-to-infrastructure environment, connected vehicle deployment strategies, and preparation for NHTSA's 2013 decision. In addition, participants had an opportunit
    Read More
  • Transdev enters partnership to develop shared mobility solution
    January 21, 2019
    Transdev is to launch an electric and automated shuttle service by 2020 in France and Germany. The company is to integrate its autonomous shuttle transport and supervision system with a shuttle provided by the e.Go Moove joint venture – a partnership comprising e.Go, a manufacturer of electric vehicles, and chassis technology firm ZF. ZF will provide the shuttle’s electric drive systems, steering systems and brakes as well as its ProAI central computer – a system which acts as a central control unit with
    Read More
  • StreetLight Data forms M2 Initiative to measure traffic interaction
    June 11, 2018
    Mobility analytics company StreetLight Data has launched its Multimodal Measurement Initiative (M2 Initiative) to measure the way various modes of travel interact. The company says it is developing new analytics that describe the behaviour of each transportation mode individually. The project will assess the interaction between trips made by personal vehicles, public transit, walking, biking, commercial trucks and gig economy trips made by on-demand rideshare and delivery drivers. For the first phase
    Read More
  • Noptel shows laser sensors
    March 25, 2014
    Finnish company Noptel is demonstrating its Speeder X1 and CMP52 laser distance measurement sensors at the show. The Speeder X1 uses a dual laser transmitter to provide overlapping vehicle profile analysis for speed, height and length measurement, while the CMP52 single-beam laser radar is applicable to a range of traffic control and law enforcement duties.
    Read More

Highlighted Content