British company, Dyson today confirmed that its Board has ratified a decision to construct its first advanced automotive manufacturing facility in Singapore. The bespoke two-story manufacturing facility is scheduled for completion in 2020. Earlier this year Dyson had announced that they were in the process of investing £200m in new buildings and testing facilities at its campus at Hullavington Airfield, UK. It continues its £2.5bn investment in new technology globally.
In a letter to the staffs of Dyson, Jim Rowan, CEO of Dyson said that the decision of where to make our car is complex, based on supply chains, 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. We will begin construction in December and it will be completed in 2020, meeting our project timeline. Singapore offers access to high-growth markets as well as an extensive supply chain and a highly skilled workforce. Singapore has a comparatively high-cost base, but also great technical 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. Singapore is only one of a handful of countries to a hold AAA rating from Moody’s, S&P and Fitch for their sovereign bonds. It has bi-lateral trade deals with China, India, USA, and the European Union. Dyson will unveil their first ever Electric Vehicle in 2021.
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