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Dyson moves HQ to Singapore as Asia fuels electric car dream

Bloomberg Published on Wed, Jan 23, 2019 / 12:55 PM GMT+8

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SINGAPORE (Jan 23): The billionaire inventor James Dyson, an ardent backer of Brexit, has decided to relocate his company’s head office to Singapore in a blow to the UK government.

Dyson has mushroomed in recent years, driven by a growing customer base in Asia. Known for vacuum cleaners and hand dryers, the firm has expanded into air purifiers and hair-care products, and embarked on a costly project to build an electric car by 2021.

Jim Rowan, Dyson’s chief executive officer, said in a call with reporters that the move to Singapore was not due to tax or fears of Brexit, but to the shift in the importance of the region to the company.