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

  • SICE chooses GMV to implement TVM machines on Chile Metro
    March 13, 2018
    Sociedad Ibérica de Construcciones Eléctricas (SICE) has chosen technology provider GMV to design and manufacture ticket vending machines (TVMs) that will replace the traditional personnel-attended ticket windows at the Santiago de Chile Metro’s line six and the future line three. Since opening late last year, line six is said to carry an average of 100,000 passengers daily and is helping to reduce congestion on other lines of the network. Through the agreement, 80 TVMs will vend and recharge the Chilean
    Read More
  • Future Railway launches pantograph design competition
    March 12, 2014
    As part of the UK’s rail electrification programme, FutureRailway is launching a competition to design a Pantograph Dynamic Behaviour Measurement Device for use in Rolling Stock Maintenance Depots. Currently pantographs cannot be run too close together and are limited in the speed they can achieve. Electric trains which can run at faster speeds whilst coupled together in multiple could improve both train performance and network capacity. Improvements in pantograph capability are thought to be needed to r
    Read More
  • Hyundai and Aurora partner to develop Level 4 AVs by 2021
    January 5, 2018
    Aurora’s self-driving technology will be incorporated into Hyundai Motor’s (Hyundai) vehicles in an agreement to bring Level 4 autonomy to market by 2021. The partnership aims to deploy autonomous driving quickly, broadly and safely with Hyundai’s new generation fuel-cell vehicle to be the first test model this year. In the long term, both companies will work to commercialize these vehicles worldwide. The project will initially focus on the ongoing development of hardware and software for automated and
    Read More
  • Sensys launches Vehicle Detection System 2.0
    September 9, 2014
    Sensys Networks launched a new version of its Vehicle Detection System in Detroit, improving the solution’s wireless range and coverage, extending battery life and enhancing security features. VDS 2.0 hardware upgrades include an enhanced flex repeater, access point controller card, grind resistant sensor and vehicle identification and matching system. Sensys Networks is also touting its partnership with Acyclica to combine travel time information and vehicle volume data in a single system. The joint soluti
    Read More

Highlighted Content