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

  • New report investigates cyber security of connected vehicles
    February 9, 2016
    TU-Automotive has just released a new 60-page report, Cyber Security in the Connected Vehicle 2016, which looks at the role of robust cyber security practices and systems in the connected vehicle now and in the future of the automotive industry.
    Read More
  • Update on the FIA Region I conference Driving Change
    October 5, 2015
    The latest agenda for the FIA Region 1 conference, Driving Change, Connecting Mobility, which takes place in Brussels on 20 October, is now available on the conference website. Participants can hear from keynote speaker Pascal Smet, Minister for Mobility and Public Works in the Brussels Region and join in two debates with mobility experts, moderated by Jack Short, the former Secretary General of the International Transport Forum.
    Read More
  • Intertraffic introduction to Tönnjes’ technology
    March 24, 2014
    The Tönnjes Group is displaying its latest range of licence plate and windscreen labels with an integrated RFID-chip. Vehicle-specific data in the IDePLATE and IDeSTIX can be read by a variety of fixed and mobile radio devices. Visitors to the company’s stand will also be able to view its IDeTRUST software system for vehicle registration and verification and can enable verification via smartphones and other connected devices.
    Read More
  • CAMEA WIM is type approved and turnkey for weigh-in-motion
    October 23, 2012
    CAMEA WIM, developed and manufactured by CAMEA image and signal processing, is a turnkey solution for weigh-in-motion applications, from traffic reports to enforcement. According to CAMEA, the high speed system allows vehicles thought to be overloaded to be pre-selected and directed to a precise weigh station without impact on traffic flow. The CAMEA WIM – type approved for weight enforcement in the Czech Republic – also provides rich sets of traffic data in database format for export in standard formats.
    Read More

Highlighted Content