Dyson parks first electric car facility in world's most expensive place to own a car

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SINGAPORE (Oct 29): In his Facebook post about British company Dyson’s decision to set up an electric car manufacturing facility in Singapore, Prime Minister Lee Hsien Loong wrote that when he met inventor James Dyson last month, James told him that it was Singapore’s expertise in advanced manufacturing, global connectivity and talented workforce that helped him make up his mind. In fact, Singapore used to assemble cars, up to the 1980s, Lee said. “Now, we will manufacture cars again, except this time, greener, better and more high tech!”

Despite the focus on Singapore as a hub for technology and financial services, manufacturing — albeit the higher-value segments — is still a major contributor to the local economy. The industry still contributes about...(click on link for full story on theedgesingapore.com)