Electrical appliance giant Dyson announced on Thursday evening (Oct 10) its decision to scrap a Â£2.5 billion (S$4.3 billion) project to build electric cars. The plans had included its maiden electric car plant running in Singapore by 2021.
As Dysonâ€™s decision not to pursue the electric vehicle business was taken at an early stage, the disruption to its operations and workforce in Singapore will be minimal, the Republicâ€™s Economic Development Board (EDB) said in a statement on the same evening.
Inventor James Dyson, founder of the British company that is known for its vacuum cleaners, said in an e-mail to employees that its engineers had developed a â€œfantastic electric carâ€� and â€œhave been ingenious in their approachâ€�.
But despite having â€œtried very hard throughout the development processâ€�, the electric car could not hit the roads because it was not â€œcommercially viableâ€�.