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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]
The initial investment was £8.6m, which came from the proceeds of the sale of some of Sir Clive's shares in Sinclair Research. Barrie Wills, formerly of the DeLorean Motor Company, was appointed managing director. The first (and only) Sinclair Vehicles production model was the single-seater Sinclair C5, launched on 10 January 1985. Larger ...
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]
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.
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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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.
However, vehicles such as the intensely-marketed Sinclair C5 failed. [67] General Motors created a concept car using another gasoline car as the base, the Electrovette (1976). At the 1990 Los Angeles Auto Show , General Motors President Roger Smith unveiled the GM Impact electric concept car , along with the announcement that GM would build ...