Jessica Goodfellow
Oct 11, 2019

Dyson calls time on electric vehicles

The household appliances business failed to find a buyer for its electric car venture, but still has plans to expand in Asia.

Dyson is calling time on its 2.5 billion US$3.1 billion electric vehicle project, including its plans for an electric car plant in Singapore, due to concerns over its commercially viability.

Founder and chairman James Dyson said on Thursday 10 October the company is scrapping the division since it can “no longer see a way to make it commercially viable”.

“We have been through a serious process to find a buyer for...

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