Dream Technology, best known for its robot vacuum cleaners, has long shown prototypes of sporty electric vehicles at various shows, including the Nebula Next 01 Jet Edition with jet propulsion, building on its determination to bring such new products to market. However, the company was forced to abandon such plans.
Image source: Dream Technology
at least about this Report Source of reference knowledge on China’s economy. The decision to shut down Project Star comes just one year after announcing its initial intention to develop an electric sports car. Dreame also showed off a model of its car at CES 2026 in Las Vegas, so the corresponding move was supported by massive media. Equipped with a jet acceleration system, the Nebula Next 01 Jet Edition is expected to accelerate to 100 km/h in less than a second, and the company expects other models to use solid-state power batteries.
As CarNewsChina explains, Dreame’s electric vehicle development division had nearly 1,000 employees at the peak of its core activities, but it began gradually laying off employees in May this year. The expert team now only has a few dozen people, but they may have to find another way out after winding up their core business. Although Dreame actively poached engineers with relevant experience from other companies at high salaries during the heyday of its business, there are not many technical experts left.
According to former employees of the department, the Nebula Next 01 Jet Edition model was built by a Shanghai contractor at a cost of hundreds of thousands of dollars. It can only move at low speeds by remote control, and the nozzles are installed just for fun. In fact, the Dream Car division, during its brief period of activity, was primarily focused on attracting funding rather than developing electric vehicles themselves. In line with China’s long-standing tradition, there have also been questions about the use of public funds allocated to the fledgling automaker. Chinese authorities suspected misuse of the grant and began inspections.
According to sources, the company’s CEO Yu Hao ordered Dream Chase Technology to return to its classic businesses, which include the production of robot vacuum cleaners, automatic lawn mowers, two-wheeled electric vehicles and Magic Atom series robots. Giving up its ambitions in the automotive industry doesn’t mean Dreame will be ready to go public sooner or later.
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