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

  • Georgia approves regional transit authority for metro Atlanta
    April 17, 2018
    The US state of Georgia is to establish a regional transit governance and funding framework for metro Atlanta. A new entity, called the Atlanta-region Transit Link Authority (ATL), will be created and charged with regional transit planning for 13 counties in metro Atlanta. By 2023, the region’s transit systems, including MARTA, CobbLinc, Gwinnett County Transit and GRTA’s Xpress service, will operate under the ATL brand name. More than 60% of commuters in the region travel to a different county to work, a
    Read More
  • Cloud Parc’s smart parking
    September 10, 2014
    Cloud Parc is debuting its smart parking camera solutions in the Entrepreneurial Village, highlighting its ability to automatically detect unused parking spaces through visual analysis. Each LPR camera can monitor up to 10 spaces while the company’s Sky camera can monitor an entire city block. According to Kerrian Bard Fournier, COO, Cloud Parc
    Read More
  • Webinar: The future cost of gridlock
    October 14, 2014
    A new report by Inrix in collaboration with one of the world's leading economic think tanks, the Centre for Economics and Business Research (CEBR), quantifies the cost of traffic congestion on individual households and national economies in the US, UK, France and Germany. This is the first study of its kind to forecast the projected increases in these costs in these countries and their most congested cities between 2013 and 2030. Driven by urbanisation and increased GDP per capita over the next 17 ye
    Read More
  • Intelight pushes touc screen interface for its X2 controller at ITS America
    April 23, 2013
    Intelight remains focused on its ATC compliant X2 controller at this year’s show, reminding conference goers that it features a color touch screen interface that allows for third-party applications to run in tandem with traffic applications without interference.
    Read More

Highlighted Content