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

  • Austrian Ministry of Transport to bring Gerd Leonhard to TRA 2018
    January 25, 2018
    The Austrian Ministry of Transport will bring author and futurist Gerd Leonhard to the Transport Research Arena (TRA) 2018 in Vienna where he will speak about the importance of new technologies and the role of humans in the digital world of mobility. This year’s overall theme is on digitalisation in mobility and will focus on the compatibility between technology and user-friendly mobility.
    Read More
  • Autotalks shows V2X chipset
    September 8, 2014
    The company’s integrated V2X chipset is designed for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication applications for vehicle safety and mobility.
    Read More
  • ITS Ireland explains Design Manual changes
    March 19, 2014
    ITS Ireland will begin its 2014 seminar program with an examination of the changes being made to the Design Manual for Roads and Bridges (DMRB) as part of a major revision being carried out by the National Roads Authority. The revision will be in three-stages (Infrastructure, Devices, and Procedures) first of which has been published and the second is currently in production. ITS Ireland said the focus of the presentation in its seminar will be on the documents issued by the NRA and the package that
    Read More
  • Skidata offers Stentofon’s VoIP communications
    March 26, 2014
    As Intertraffic opened Skidata and Stentofon announced a partnership which is set to deliver enhanced communications for the parking sector. The partnership will see Stentofon’s Pulse framework audio communication systems used in Skidata’s parking devices for bidirectional communication between car park operators and their customers. This enables Skidata to provide hardware-free and server-less VoIP-intercom communication as an integrated part of its widely spread parking solutions.
    Read More

Highlighted Content