Dyson said it will end its electric vehicle project after determining it could not make the car commercially viable or find a buyer.

The company, known for its high-tech vacuum cleaners and fans, said in a statement Thursday that its automotive team had developed a fantastic car, but decided to close the project. Dyson also sought a buyer for the project, but has been unsuccessful so far, the company said in the statement.

Dyson announced in September 2017 that it was working on a battery electric vehicle with an all-electric drivetrain that would be launched by 2020. The company’s board approved in October 2018 a decision to construct its first advanced automotive manufacturing facility in Singapore. The two-story manufacturing facility was scheduled for completion in 2020.

Dyson isn’t totally abandoning technology related to electric cars, and says it’s still committed to Singapore. The company will continue its £2.5 billion ($3.1 billion) investment program into new technology and plans to focus on manufacturing solid-state batteries and developing sensing technologies, vision systems, robotics, machine learning and AI, company founder James Dyson wrote in the statement.

“Our battery will benefit Dyson in a profound way and take us in exciting new …read more

Source:: TechCrunch

      

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