Dyson To Build Electric Cars In Singapore
Dyson said on Tuesday (October 23) that it would build its first electric cars in Singapore, due to launch in 2021.
The cars will be built in Dyson’s new automotive manufacturing facility in Singapore, the construction of which will start in December this year, and is scheduled for completion in 2020. The company has not yet revealed the location of the facility.
The company has chosen Singapore as the site of its first electric car plant as it offers access to high-growth markets, an extensive supply chain and a highly skilled workforce.
Dyson Chief Executive Jim Rowan added that 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”.
However, experts say that Dyson faces stiff competition in the industry, and that the company lacks economies of scale to compete when major car manufacturers start rolling out electric models.
Photo source: Channel NewsAsia