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

  • Lyft Green Mode option allows riders to request electric and hybrid vehicles
    April 17, 2019
    Lyft is launching a Green Mode feature within its app to provide riders in Seattle with the option to travel in an electric or hybrid vehicle. The move follows the company’s planned introduction of thousands of electric vehicles (EVs) onto its platform this year. Lyft says the deployment will allow its drivers to increase net earnings as it says the cost of travelling in an EV is half that of a petrol-powered car, therefore saving hundreds of dollars per month on fuel costs. Drivers can switch
    Read More
  • UK government reveals £400m EV charging network boost
    September 13, 2018
    The UK government is providing £400m to create an electric vehicle (EV) charging point infrastructure, in partnership with the automotive industry. UK prime minister Theresa May says the government will ensure charge points can be easily accessed and available at motorway service stations and other petrol stations. There will also be £1.5bn for the development of ultra-low emission vehicles (ULEVS). Speaking at the country’s first Zero Emission Vehicle (ZEV) Summit in Birmingham, May unveiled an ‘am
    Read More
  • Nexus to upgrade Tyne Wear Metro control room in UK
    July 27, 2018
    Nexus will install a computerised signalling control system at the Tyne and Wear Metro control room, in Newcastle, to help make train operations more efficient. The £12m project will take place from 4-5 August. Nexus is a UK public body which owns and manages Metro. The rapid transit and light rail system serves Newcastle upon Tyne, South Tyneside, North Tyneside and Sunderland in the Tyne and Wear region. Derby-based technology company Resonate will supply the computerised signalling control system
    Read More
  • Passport's parking app available in the City of Orillia, Canada
    August 14, 2018
    Drivers in the City of Orillia, Canada, can use Passport's parking app at 200 on-street spaces and nearly 500 off-street spaces in the downtown area. The City has made PassportParking available to residents and visitors to offer a more convenient payment method. Users can also extend their parking sessions remotely, keep track of parking history, receive notifications and get email receipts.
    Read More

Highlighted Content