Hyperdrive
Dyson Picks Singapore to Build Electric Cars Rivaling Tesla
- British maker of vacuum cleaners charges ahead with auto plan
- Singapore places Dyson close to major markets including China
Illustration showing Dyson’s advanced automotive manufacturing facility in Singapore
Source: Dyson Ltd.
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Dyson Ltd., famous for making vacuum cleaners, picked Singapore to manufacture its first electric car, pushing ahead with plans to challenge Tesla Inc. in the hottest sector of the automotive market.
The closely held British manufacturer, also known for hand dryers and air purifiers, said Tuesday it will complete the factory by 2020 and stuck to a goal of rolling out its first model by 2021 as part of a 2 billion-pound ($2.6 billion) effort to expand into automobiles.