Connect with us

Current Affairs

Dyson abandons its electric car project as it’s not “commercially viable”

Published

on

In a shocking statement released on Thursday evening (10 October), British technology company Dyson announced that it has decided to kill its project to build electric cars.
The big project’s was supposed to have the electric car plant running in Singapore by 2021.
James Dyson, founder of the company that is famously known for its high-tech vacuum cleaners and fans, said in an e-mail to its employees that its team designed an amazing car but had to scrap the project as the electric cars were not “commercially viable”.
“The Dyson Automotive team have developed a fantastic car; they have been ingenious in their approach while remaining faithful to our philosophies. However, though we have tried very hard throughout the development process, we simply cannot make it commercially viable,” the statement read.
Mr Dyson added that they’ve been through “a serious process to find a buyer for the project which has, unfortunately, been unsuccessful so far”.
“I wanted you to hear directly from me that the Dyson Board has therefore taken the very difficult decision to propose the closure of our automotive project,” he noted.
Upon hearing this announcement, the country’s Economic Development Board (EDB) revealed in a statement that since Dyson’s decision to pull the plug for its electric car project was made at an early stage, the disruption to its operations and workforce in the Republic will be minimum.
In September 2017, the 71-year-old British entrepreneur announced that he would venture into a new industry and will be making electric car. Just over a year later, the company said that it would have its first manufacturing facility in Singapore.
Dyson Chief Executive Jim Rowan said: “The decision of where to make our car is complex, based on supply chain, access to markets, and the availability of the expertise that will help us achieve our ambitions. I am delighted to let you know that the Dyson Board has now decided that our first automotive manufacturing facility will be in Singapore.”
He continued, “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.”
In May 2019, the company even started hiring automotive design engineers and free trade agreement specialists to fill in positions at the proposed vehicle plant. In total, there were more than 100 job vacancies under Dyson, but not all of those were for automotive roles.

“Not a product failure”

Although the electric car project did not take off, Mr Dyson insists that “this is not a product failure, or a failure of the team, for whom this will news will be hard to hear and digest”.
He also highlighted that their achievements have been great “given the enormity and complexity of the project”.
Additionally, the businessman also noted that the company is working quickly to find alternative roles within Dyson for as many employees who worked the project, and there are enough vacancies to absorb most of the people into its home business.
“For those who cannot, or do not wish to, find alternative roles, we will support them fairly and with the respect deserved. This is a challenging time for our colleagues and I appreciate your understanding and sensitivity as we consult with those who are affected.”
According to BBC, Mr Dyson stated that the company will be closing electric car facilities both in the United Kingdom and Singapore, and the project had hired 500 employees in the UK.
The company also said that it will go ahead with its £2.5 billion investment in developing other products like battery technology.
“Dyson will continue its £2.5 billion investment program into new technology and grow our wonderful new University. We will also concentrate on the formidable task of manufacturing solid state batteries and other fundamental technologies which we have identified sensing technologies, vision systems, robotics, machine learning, and Al offer us significant opportunities which we must grab with both hands,” Mr Dyson explained.
He continued, “In summary, our investment appetite is undiminished and we will continue to deepen our roots in both the UK and Singapore.”

Is Singapore still attractive for investment?

Following Mr Dyson’s initial announcement to have the electric manufacturing plant and to relocate its headquarters to Singapore, Minister for Trade and Industry Chan Chun Sing said in a Facebook post last year that Dyson’s decision “testifies to Singapore’s attractiveness as a base for investments in innovation”.
Separately, an article by the Straits Times also stated that analysts believe that Singapore will remain as an attractive investment destination for medium to long term, despite global uncertainties and worrying trade war.
The country has enticed S$8.1 billion in investment commitments in manufacturing and service for the first half of this year, and CIMB Private Banking economist Song Seng Win thinks this will continue.
“Singapore becomes even more attractive given what is happening now. It is neutral, with stable politics, and policy planners who think and execute for the long term.”
On the other hand Maybank Kim Eng economist Chua Hak Bin said that fixed-asset investment for the first half looks promising with commitments from technology firm like Dyson.
“Singapore could position itself to ensure that when there’s an upturn again, it can ride on it… The key is how to get companies to pull the trigger on investment plans, and make sure the country is a part of that,” he said to ST.
Despite positive remarks from Mr Chan and analysts, Dyson’s decision to put an end to its electric car project may indicate that Singapore may not be attractive after all, given the high cost to operate in the country and its stringent policies.
Even Tesla founder Elon Musk asserted that Singapore’s policies are not supportive of electric vehicles.
In a tweet responding to a netizen who asked him if he could “allow us in Singapore to get a Tesla”, Mr Musk wrote: “We tried, but (the) Singapore government is not supportive of electric vehicles.”

Continue Reading
Click to comment
Subscribe
Notify of
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Current Affairs

Ng Eng Hen: Dust clouds likely caused armoured vehicle collision during Exercise Wallaby

Dust clouds limiting visibility likely contributed to the collision between two Hunter vehicles during Exercise Wallaby, Defence Minister Ng Eng Hen explained in his parliamentary reply. 12 servicemen sustained mild injuries, but safety measures prevented more serious outcomes. A formal investigation is ongoing to ensure further safety improvements.

Published

on

SINGAPORE: Low visibility caused by dust clouds was identified as the likely cause of the collision between two Hunter armoured fighting vehicles (AFVs) during Exercise Wallaby last month, Defence Minister Ng Eng Hen said in a written parliamentary response on Tuesday (15 October).

The incident, which occurred in Queensland, Australia, on 24 September 2024, resulted in mild injuries to 12 servicemen.

Dr Ng’s statement was in response to a parliamentary question from Mr Dennis Tan, Workers’ Party Member of Parliament for Hougang SMC.

Mr Tan asked for details on the accident, specifically its cause and whether any lessons could be applied to enhance training and operational safety within the Singapore Armed Forces (SAF).

The collision took place during a night-time movement of Hunter AFVs at the Shoalwater Bay Training Area.

The vehicles were returning to base when one rear-ended another. Dr Ng explained that the dust clouds generated by the AFVs’ movement significantly impaired visibility, might likely contributing to the accident.

The 12 affected servicemen sustained mild injuries and were promptly taken to the nearest medical facility.

None of the injuries required hospitalisation, and all 12 servicemen were able to rejoin their units for training the next day.

According to the minister, adherence to safety protocols—such as wearing seat belts and protective gear—played a crucial role in limiting the injuries to mild ones.

Following the incident, a safety pause was immediately implemented, with all drivers being reminded to maintain proper safety distances, especially when visibility was compromised.

Troops were also reminded to adhere strictly to safety protocols, including the proper use of safety equipment, Dr Ng added.

The safety lessons from the incident were shared not only with the affected units but also with other participating groups in the exercise, as well as units back in Singapore, through dedicated safety briefings.

Mr Tan also asked about the broader implications of the incident. In his response, Dr Ng said that a formal investigation had been launched in accordance with SAF’s safety incident protocol.

The investigation aims to assess the circumstances more thoroughly and identify any further measures that could be taken to enhance safety.

Dr Ng shared that recommendations arising from the investigation will be implemented where necessary.

Exercise Wallaby is SAF’s largest unilateral overseas exercise, and the 2024 edition began on 8 September, running until 3 November.

The exercise involves approximately 6,200 personnel, including 500 operationally ready national servicemen.

The exercise has been conducted at Shoalwater Bay Training Area in Queensland since 1990, and it is a key part of SAF’s overseas training program.

The Hunter AFV, one of the vehicles involved in the collision, is a state-of-the-art platform jointly developed by the Defence Science and Technology Agency, the Singapore Army, and ST Engineering.

It replaced the SAF’s aging fleet of Ultra M113 AFVs in 2019, which had been in service since the 1970s. The Hunter is equipped with advanced features, including a 30mm cannon, a 76mm smoke grenade launcher, and an automatic target detection and

tracking system designed to enhance operational effectiveness. It is also capable of traveling at increased speeds and covering longer distances, making it a versatile asset for the SAF.

Continue Reading

Current Affairs

Government to “carefully consider” Lee Hsien Yang’s demolition application for 38 Oxley Road

The Singapore Government will “carefully consider” Mr Lee Hsien Yang (LHY)’s application to demolish the house at 38 Oxley Road. LHY announced his intent on Tuesday morning following the recent death of his sister, Dr Lee Wei Ling, reaffirming his commitment to honour his parents’ wish for the house’s demolition.

Published

on

The Singapore Government has indicated that it will “carefully consider” Mr Lee Hsien Yang’s (LHY) application to demolish the family home at 38 Oxley Road.

LHY, the youngest son of Singapore’s founding Prime Minister, the late Lee Kuan Yew (LKY), announced his intention to apply for the demolition in a Facebook post on 15 October 2024, following the death of his sister, Dr Lee Wei Ling, on 9 October.

The announcement marks a significant development in the ongoing saga over the fate of the historically significant property, which has been at the heart of a family dispute since LKY’s passing in 2015.

In his will, executed in December 2013, LKY expressed his desire for the house to be demolished “immediately after” Dr Lee moved out of the property. Dr Lee, a prominent neurologist, had been the last remaining resident of the house.

LHY reaffirmed his commitment to carrying out his father’s wishes, stating, “After my sister’s passing, I am the only living executor of my father’s estate. It is my duty to carry out his wishes to the fullest extent of the law.”

He added that he would seek to build a small private dwelling on the site, which would be “held within the family in perpetuity”.

LHY also referenced his brother, Senior Minister Lee Hsien Loong’s (LHL) remarks in Parliament in 2015, when he was Prime Minister, stating that upon Dr Lee’s passing, the decision to demolish the house would rest with the “Government of the day.”

In response to media queries regarding LHY’s announcement, a spokesperson for the Ministry of National Development (MND) acknowledged the intended application and emphasised that the Government would “carefully consider issues related to the property in due course”.

The spokesperson also highlighted that any decision would need to balance LKY’s wishes, public interest, and the historical value of the house.

The house at 38 Oxley Road, where key decisions about Singapore’s path to independence were made, has been a focal point of public and political discussion.

The future of the house became contentious in 2017 when LHY and Dr Lee publicly accused their elder brother, LHL, of trying to preserve the house against their father’s wishes for political reasons.

LHL denied the accusations, issuing a Ministerial Statement in Parliament, where he also raised concerns over the preparation of their father’s final will. He clarified that he had recused himself from all decisions regarding the property and affirmed that any government action would be impartial.

In 2018, a “secret” ministerial committee, which was formed in 2016 to study the future of 38 Oxley Road, proposed three options: preserving the property and designating it as a national monument, partially demolishing the house while retaining the historically significant basement dining room, or allowing complete demolition for redevelopment. LHL accepted the committee’s conclusions but stated that no immediate decision was necessary, as Dr Lee was still living in the house.

In a statement conveyed by LHY on behalf of Dr Lee after her passing, she reiterated her strong support for her father’s wish to demolish the house. “My father, Lee Kuan Yew, and my mother, Kwa Geok Choo, had an unwavering and deeply felt wish for their house at 38 Oxley Road to be demolished upon the last parent’s death,” the statement read.

She added, “He had also appealed directly to the people of Singapore. Please honour my father by honouring his wish for his home to be demolished.”

Despite selling the house to LHY at market value in 2015, LHL’s stance regarding the house’s preservation became a public issue, especially after the family disclosed that the Government had raised concerns about reinstating the demolition clause in the 2013 will. The ministerial committee had reviewed the matter, but a final decision was deferred until now.

The fate of 38 Oxley Road remains to be seen, but the Government’s decision will likely have lasting implications for the legacy of the Lee family and the conservation of Singapore’s historical landmarks.

Continue Reading

Trending