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

  • April 23, 2019
    EVgo utilises Autocharge technology in North America
    EVgo has deployed Autocharge technology in North America in a bid to allow customers to charge electric vehicles (EVs) without using apps or credit cards. Autocharge instantly recognises the EV and begins charging automatically, the company says. It is being launched on EVgo’s dedicated Maven Gig network – which offers rental cars for drivers who need a car to work for ride-share and delivery services. The technology will be rolled out across the US by the end of 2019 to all EVgo account holders with a
    Read More
  • January 3, 2017
    ITS World Congress 2017 call for demos
    As part of the Montréal World Congress 2017, conference organizers are planning to feature live demonstrations of ITS technologies. The city of Montréal will create a virtual test bed on the streets adjacent to the Convention Centre. This test bed will include an arterial loop circling the Centre and a section of a nearby limited access highway that will be equipped with DSRC roadside units integrated with local signal controllers to support demonstrations of connected vehicle technologies. In order to a
    Read More
  • March 16, 2017
    London conference looks to MaaS future
    Transportation experts from across the globe converge on London for ITS International’s MaaS-Market Conference on 22 and 23 March. Reading international transport and technology experts will gather at a major conference in London next month to debate a revolutionary overhaul of their transport systems by developing Mobility as a Service – or MaaS – operations.
    Read More
  • November 15, 2012
    Logging on to public transport
    Cape Town’s public transport commuters can now use their cell phones to access real-time timetables and plan their routes, whether they are travelling by train, taxi, MyCiTi buses or the city’s Golden Arrow Bus service. FindMyWay is a free public service website that brings together all the modes of transport within the city, so that commuters can easily access the information in one place. Logging on to www.findmyway.mobi and www.gometro.co.za from a cell phone with an internet connection gives commuters
    Read More

Highlighted Content