While it is best known in the United Kingdom as a global manufacturer of vacuum cleaners, Dyson is moving into the field of electric cars and this UK firm has chosen Singapore to be its hub for the manufacture of its new electric car.
It will be later this year that the foundation for the new factory would be laid in Singapore and it is being estimated by experts and company officials that the firm would be able to roll out the first car off the production line by the year 2021.
The easy availability of engineering talent, existence of regional supply chains and closeness to some of the key target markets such as China were the drivers for this decision by Dyson, the company said.
But the decision was clearly not driven by cost factors because Singapore is considered to be amongst the most expensive territories in the world for running a business from. Additionally, the costs of commercial space, including that for setting up of a manufacturing unit comes at a premium in this city state.
According to revelations made by the company, £2bn to the project would be committed by it. That amount includes £200m hat would be expended in the UK for the purpose of research and development and test track facilities. Sources say that a large part of that amount has been spent already by the compan6y.
Brexit had nothing to do with its decision to choose Singapore over the UK for its production unit, stressed Dyson.
Currently, none of its products are currently manufactured by Dyson in the UK even though there is bound to be some disappointment that Malmesbury in Wiltshire, would not get that car manufacturing unit. But this also means that the decision that the company has taken is in keeping with its tradition and trend.
The company is however also applauded of almost tripling its workforce in UK to 4,800 in just over five years and for launching a new engineering institute on the site of an old air base which it has renovated.
The current employee break up of the company in terms of the countries they are situated in is: 1,100 employees in Singapore, 1,300 in Malaysia, 1,000 in China and 800 in the Philippines.
The company has however provided no information about the type of batteries that electric cars of would use not anything about their place of production.
The company had recently written off £46m pounds of its investment in American solid state battery development company Sakti3 - which it bought in 2015 for £58m.
According to experts, solid state batteries capable of being charged much faster than conventional batteries are still undergoing tests and experimentation and therefore a distance from production. Both solid state and traditional lithium ion batteries are simultaneously being developed by Dyson.
(Source:www.bbc.com)
It will be later this year that the foundation for the new factory would be laid in Singapore and it is being estimated by experts and company officials that the firm would be able to roll out the first car off the production line by the year 2021.
The easy availability of engineering talent, existence of regional supply chains and closeness to some of the key target markets such as China were the drivers for this decision by Dyson, the company said.
But the decision was clearly not driven by cost factors because Singapore is considered to be amongst the most expensive territories in the world for running a business from. Additionally, the costs of commercial space, including that for setting up of a manufacturing unit comes at a premium in this city state.
According to revelations made by the company, £2bn to the project would be committed by it. That amount includes £200m hat would be expended in the UK for the purpose of research and development and test track facilities. Sources say that a large part of that amount has been spent already by the compan6y.
Brexit had nothing to do with its decision to choose Singapore over the UK for its production unit, stressed Dyson.
Currently, none of its products are currently manufactured by Dyson in the UK even though there is bound to be some disappointment that Malmesbury in Wiltshire, would not get that car manufacturing unit. But this also means that the decision that the company has taken is in keeping with its tradition and trend.
The company is however also applauded of almost tripling its workforce in UK to 4,800 in just over five years and for launching a new engineering institute on the site of an old air base which it has renovated.
The current employee break up of the company in terms of the countries they are situated in is: 1,100 employees in Singapore, 1,300 in Malaysia, 1,000 in China and 800 in the Philippines.
The company has however provided no information about the type of batteries that electric cars of would use not anything about their place of production.
The company had recently written off £46m pounds of its investment in American solid state battery development company Sakti3 - which it bought in 2015 for £58m.
According to experts, solid state batteries capable of being charged much faster than conventional batteries are still undergoing tests and experimentation and therefore a distance from production. Both solid state and traditional lithium ion batteries are simultaneously being developed by Dyson.
(Source:www.bbc.com)
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