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BYD’s SkyRail marks major misstep for the company, Bloomberg reports.

Wang Chuanfu, the founder of BYD (BYDDF), has tried his hand at producing batteries, making electronics, and creating electric vehicles, but, for more than a decade, he has been trying to build a monorail network to solve problems of congestion and carbon emissions, Linda Lew of Bloomberg reports. Launched in 2016, the company has spent nearly $1B and assigned over 1,000 engineers to develop its SkyRail system, but, just a few years later, these half-dismantled stations and trains are collecting dust.

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