Dyson Makes £2.5 Billion Deal To Make Electric Cars In Singapore Instead Of Uk — Leadership Newspaper
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Dyson Makes £2.5 Billion Deal To Make Electric Cars In Singapore Instead Of Uk

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DYSON has decided to build its new electric cars in Singapore instead of in the UK, despite company boss James Dyson being a staunch Brexiteer.

Dyson will manufacture its electric cars in Singapore.

The firm had considered opening the new “advanced automotive manufacturing” in the UK but ultimately decided to open it in the Asian country instead.

Building of the facility is scheduled to be completed in 2020 and forms part of the company’s £2.5 billion global investors drive in the new technology.

Dyson is aiming to launch its first electric car in 2021. Specifications for the vehicle have yet to be divulged but will likely be shared over the coming years.

The decision to open the manufacturing plant in Singapore could be viewed as controversial as company’s chairman and founder, Sir James Dyson, is a Brexiteer.

Previously, the Dyson boss has been an outspoken proponent of Brexit, so the decision to move billions of pounds of investment to Singapore could be criticised.

The car industry in the UK is experiencing a small crisis ahead of Brexit.

Several car makers including Nissan, Ford and Toyota warning about the rising prospects of a “no-deal” EU exit, which would jeopardise their operations in the UK.

Dyson chief executive Jim Rowan said: “The decision of where to make our car is complex, based on supply chains, access to markets, and the availability of the expertise that will help us achieve our ambitions.

“Our existing footprint and team in Singapore, combined with the nation’s significant advanced manufacturing expertise, made it a frontrunner.

“Singapore also offers access to high-growth markets as well as an extensive supply chain and a highly skilled workforce.

“Singapore has a comparatively high cost base, but also great technology expertise and focus

“It is therefore the right place to make high-quality technology loaded machines, and the right place to make our electric vehicle.”

Despite moving production of the vehicles to Singapore, the firm stated that it is still committed to the UK.

It will be investing £200 million in new buildings and testing facilities at its campus at Hullavington Airfield.

Dyson employs more than 12,000 people across the world, with 4,800 working in the UK.

(ExpressNews)

 



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