Dyson, the UK-based company best known for its vacuum cleaners, has chosen to build its new electric car in Singapore.
The company will break ground on its new factory in Singapore later this year with the first car scheduled to roll off the production line in 2021.
Dyson said the decision was based on the availability of engineering talent, regional supply chains and proximity to some key target markets.
Cost was not a consideration.
Singapore is one of the most expensive territories in the world to do business and space for manufacturing is at a premium in the city state.
The company has previously said it will commit £2bn to the project, including £200m to be spent in the UK on research and development and test track facilities – much of which has already been spent.
Dyson insisted the decision to locate production in Asia, rather than the UK, had nothing to do with Brexit.
Although there may be some disappointment that car manufacturing will not be coming to Malmesbury in Wiltshire, Dyson doesn’t currently manufacture any of its products in the UK, so this decision is no real departure from that pattern.
Dyson is given credit for tripling its UK workforce to 4,800 over the last five years and founding a new engineering institute on the site of an old air base which it has renovated.