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

  • ETI seeks partners for commercial deployment of marine vessel technology modelling system
    December 2, 2016
    The Energy Technologies Institute (ETI) is seeking partners for a project which will develop a tool to provide accurate and transparent data on the performance of different types of vessels for use by stakeholders involved in the shipping industry. One of the major challenges of reducing carbon emissions from the shipping industry is convincing vessel financiers to invest in technologies that will make existing and future vessels more fuel efficient. Although a number of fuel efficient technologies already
    Read More
  • Thales and Telstra link up to enable safe airspace for drones
    March 4, 2019
    Thales and Australian mobile network provider Telstra are working together to enable the management of low altitude airspace for autonomous flying taxis, drones and helicopters. The partnership is investigating how 4G and 5G technology and Internet of Things capabilities could enable robust navigation and monitoring of unmanned aerial vehicles (UAVs) – more commonly called drones. Chris Jenkins, chief executive of Thales Australia, says the partnership intends to help customers integrate unmanned aircra
    Read More
  • Fluor to upgrade Red and Purple rail lines in Chicago
    December 20, 2018
    A joint venture team of Fluor and Walsh Construction has been chosen as the preferred partner for phase one of the Red and Purple Line modernisation programme in Chicago. The Chicago Transit Authority is behind the $2.1 billion project, which is expected to improve infrastructure across both lines. The scope of the contract includes the development of new elevated tracks along a 1.9-mile section – featuring new bridges, support structures and existing tracks. Also, 3.2 miles of the signal system will be
    Read More
  • Smart mobility seminar focuses on role of SMEs in ITS
    July 17, 2013
    The INTRASME Smart Mobility Market Opportunity Workshop in Turin, Italy on 25 September will see successful SMEs (small and medium-sized enterprises) share their insights into emerging opportunities in intelligent transport systems (ITS). The workshop will hear from leading policy makers in ITS, research on future trends in the transport industry and experts in funding opportunities. The Smart Mobility Market Opportunity workshop will appeal to policy makers, researchers and SMEs that are keen to understand
    Read More

Highlighted Content