Ouch! After committing $2 billion to the project, the company no longer believes it’s commercially viable.
Dyson had formed a team of hundreds of engineers, acquired a Michigan battery technology company and committed more than $2 billion to the effort. It subsequently outlined plans for testing facilities in England and a factory in Singapore. But just about two years after officially announcing the vehicle initiative, Dyson is reportedly pulling the plug.
For more, check out this IEN story.