Dyson, the technology company best known for its vacuum cleaners, has scrapped a project to build electric cars.
The firm, headed by British inventor Sir James Dyson, said its engineers had developed a “fantastic electric car” but that it would not hit the roads because it was not “commercially viable”.
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In an email sent to all employees, Sir James said the company had unsuccessfully tried to find a buyer for the project.
The division employs 500 UK workers.
Dyson had planned to invest more than £2bn in developing a “radical and different” electric vehicle, a project it launched in 2016. It said the car would not be aimed at the mass market.
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Half of the funds would go towards building the car, half towards developing electric batteries.
In October 2018 Dyson revealed plans to build the car at a new plant in Singapore. It was expected to be completed next year, with the first vehicles due to roll off the production line in 2021.
Source:Â bbc.com