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The Sinclair C5 is a small one-person battery electric recumbent tricycle, technically an "electrically assisted pedal cycle". [1] It was the culmination of Sir Clive Sinclair's long-running interest in electric vehicles. Although widely described as an "electric car", Sinclair characterised it as a "vehicle, not a car". [2]
Sinclair C5. Sinclair Vehicles Ltd was a company formed in March 1983 by Sir Clive Sinclair as a focus for his work in the field of electric vehicles.The initial investment was £8.6m, which came from the proceeds of the sale of some of Sir Clive's shares in Sinclair Research.
The Zike, or Sinclair Zike, is a lightweight electric bicycle invented by Clive Sinclair and marketed by his company Sinclair Research Ltd in 1992. It was a commercial failure, selling only 2,000 units while originally intended to be produced at the rate of 10,000 a month. It was ended six months after introduction. [1] [2]
He launched the Sinclair C5 electric vehicle on 10 January 1985, but it was a commercial disaster, selling only 17,000 units and losing Sinclair £7,000,000. Sinclair Vehicles went into liquidation later the same year. The failure of the C5, combined with those of the QL and the TV80, caused investors to lose confidence in Sinclair's judgement.
On 10 January 1985, Sinclair unveiled the Sinclair C5, a small one-person battery electric recumbent tricycle. It marked the culmination of Sir Clive's long-running interest in electric vehicles. [84] The C5 turned out to be a significant commercial failure, selling only 17,000 units and losing Sinclair £7 million.
Sinclair has lost more than 70% of its market value in the last five years. The company’s market capitalization is about $975 million with an enterprise value of about $4.7 billion. Sinclair changes
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Sinclair also had several commercial failures, including the Sinclair Radionics Black Watch wristwatch, the Sinclair Vehicles C5 battery electric vehicle, and the Sinclair Research TV80 flatscreen CRT handheld television set. The failure of the C5, along with a weakened computer market, forced Sinclair to sell most of his companies by 1986.