Dyson, who spent £20 million (approximately $24 million) on the project and has not accepted any government aid to support his business, hopes the ventilator will be used in other countries. Dyson has had setbacks before en route to the top of the Rich List.
How much did Dyson spend on the car?
Why James Dyson’s $600 Million Scrapped Electric Car Wasn’t A Waste. British billionaire Sir James Dyson canned his electric car project last October, and has now revealed that it left him $612 million (£500 million) out of pocket. But it now turns out that the work may not all have been in vain.
Why did Dyson stop making electric cars?
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”.
What does James Dyson spend his money on?
But after spending £500 million (about $605 million) of his own money on the project, James Dyson scrapped the EV plans last October. … The UK government told the company last month the ventilator was not needed, but James Dyson said he did not regret the resources the company devoted to the so-called CoVent project.
Did Dyson go out of business?
Dyson is no longer manufacturing full-size, plug-in vacuum cleaners. The company will focus on smaller, battery-powered models and air purifiers.