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

  • BlipTrack Bluetooth tracking system
    October 19, 2012
    Blip Systems will use the ITS World Congress to gain further momentum for the company's BlipTrack Bluetooth tracking system that has already been deployed in many locations around the world, not just for accurate and valid travel time, traffic flow and speed information in urban areas. As the company points out, its system is able to track the same person whether they are walking, cycling, driving a car, using trains, ferries, planes and other types of transportation.
    Read More
  • Oslo intros green grants for home-to-work travel
    July 2, 2019
    The city of Oslo has unveiled a grant scheme allowing private companies in the Norwegian capital to develop projects that promote climate-friendly travel between home and work. The city says the Climate and Energy Fund can provide grants up to 50% of the total cost of the measure with a maximum amount of NOK 250,000 (£23,000) per company per year. It is available for travel between home and the workplace and business trips to and from the workplace during the working day. The grant will only be availabl
    Read More
  • Onemile launches e-scooter rental service which comes with seating pad
    January 7, 2019
    Chinese technology start-up Onemile has launched its electric scooter rental service which comes with a seating pad to help improve rider safety. The company’s Halo City scooters are available in Hawaii, Paris, London and Berlin. Onemile aims to offer its service at mid and long-term rental and says it will provide an integrated parking location and management system. It is not the only company looking to find new ways to improve safety for riders. In the US, Bird rolled out an app feature which a
    Read More
  • GoTo Mobility integrates platform with Moovit app in Israel
    January 21, 2019
    GoTo Mobility has integrated its vehicle sharing technology platform with Moovit’s Mobility as a Service (MaaS) app to offer commuters in Israel with access to shared cars. The partnership is expected to allow GoTo Mobility customers in Israel such as AutoTel and Car2Go to display car-sharing services in Moovit’s app. GoTo Mobility provides a modular technology solution for one-way, free-floating or round trip corporate fleets and peer-to-peer car-sharing services. Moovit users will now be able to vie
    Read More

Highlighted Content