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

  • February 15, 2019
    China Mobile to trial 5G smart expressway in Hubei province
    Telecoms company China Mobile is working with highway operators to unveil a 5G-based smart expressway programme in China’s central Hubei province. A report by Ecns.com says the company’s Hubei subsidiary is taking steps to choose sites for 5G stations, test intelligent tolling systems and prepare for trials involving driverless cars. China Mobile’s Hubei branch is working with the group’s tech subsidiary in Shanghai and with Hubei Provincial Communications Investment to investigate how ultrafast 5G
    Read More
  • January 2, 2018
    CVMA: Quebec's ZEV plan may create unintended consequences
    The Canadian Vehicle Manufacturers Association’s (CVMA’s) president Mark Nantais has stated that Quebec’s Zero Emission Vehicle (ZEV) regulations “may result in unintended consequences for consumers, automobile dealers, industry and ultimately, Quebec's economy,” in response to the new strategy introduced by the province’s government. The standard aims to increase the number of ZEVs in the region and to reduce greenhouse gas and other pollutant emissions. It will come into effect on the 11 January 2018.
    Read More
  • February 28, 2014
    DTV implements long-term cycle monitoring
    B-Riders (www.b-riders.nl) is the first project ever to closely follow a large group of bike users (2,500 participants) over a long period of time – one year. A highly innovative bike tracking system was developed, and implemented, featuring an app that automatically registers all trips 24/7. The system then autonomously analyses trips and assigns them into categories - foot, car, public transport or bike.
    Read More
  • February 13, 2019
    Zero-emission transport at centre of Democrat ‘Green New Deal’
    Clean and affordable transportation and zero-emission vehicle infrastructure are at the heart of the US Democrats’ ‘Green New Deal’ package. The proposals seek to move the US away from fossil fuels and other sources of emissions that cause global warming within the next decade. The package says these goals can be reached by reached by a ten-year “national mobilisation” which include an overhaul in transportation systems to eliminate pollution and greenhouse as much as technologically feasible, repai
    Read More

Highlighted Content