The Dyson electric car, which was recently unveiled, has been canceled. The company spent $500 million on this project before they decided to quit manufacturing the new EVs.
History of Dyson Electric Car
There were rumors that the vacuum manufacturer was working on an EV in 2016. The rumors started when the company bought Sakti3 for $90 million. Dyson, with the help of the battery startup, announced plans to create next-gen battery technology. These rumors were confirmed when they sent emails to their employees about the new EV plans.
The company said they were investing $2.7 billion to produce three all-electric vehicles. Dyson was unsure of whether they were going to use solid-state batteries for the first generation of their vehicles. They later decided to move away from this power source, but they still planned to manufacture the vehicles.
The vacuum manufacturer converted an airfield into a huge test track in the United Kingdom. They also announced plans to move EV production to Singapore. Plus, the manufacturer had over 600 employees working on this project. Additionally, they also filed several patents for some of the tech they were producing.
What Happened to the Dyson EV?
Late in 2019, Dyson quit the project because it is not “commercially viable.”
The founder of Dyson, James Dyson, unveiled a working prototype codenamed N526, which is a 600-mile range SUV with seven seats. They did share some of the images of the prototype, which cost them $500 million out of the $2 billion that they planned to spend on these new EVs.
This is the first time anyone outside of Dyson has seen the vehicle. Dyson said thanks to such a large battery pack, aluminum body and aerodynamics of the vehicle they were able to achieve such a long-range. However, consumers will never get the chance to buy this vehicle.
If you still want an electric vehicle check out Tesla in 2020.