Dyson: Focus on manufacturing solid-state batteries

Dyson said it will end its electric vehicle project after determining it could not make the car commercially viable or find a buyer but will continue its £2.5 billion ($3.1 billion) investment program into new technology and plans to focus on manufacturing solid-state batteries and developing sensing technologies, vision systems, robotics, machine learning and AI, company founder James Dyson wrote in the statement.

Starting in 2016, Dyson had long been rumored to be working on its own electric vehicle. The rumors intensified when the company acquired Michigan-based solid-state battery startup Sakti3 for $90 million and announced plans to build an important $1 billion battery factory to mass-produce the next-generation battery technology. Read more here