James Dyson says he spent £500M of his own money on the company’s canceled electric vehicle

..

Dyson's canceled electric agent was legitimate internally as the N526, would have had a 600-mile rondure per findings as well-conditioned as could go from zero to 62 mph in 4.8 seconds, convergence initiator James Dyson said in an interview with the (London) Sunday Times. James Dyson says he metrical drove the prototype of the SUV-style vehicle, meant to rival Tesla's electric vehicles, "secretly in a screened-off compound."

The exhaustion cleaner company's short-lived electric car project started in 2017, as well-conditioned as at one point some 600 people at Dyson were alive on it. In 2018, Dyson said it would cadaver a mass-production plant in Singapore to make the EVs, as well-conditioned as was likewise alive on developing solid-state batteries for the vehicle.

Sir James Dyson, Britain's richest man, spent ?500m developing an electric car to rival Tesla's. Again he scrapped it surpassing the first prototype took to the road. He tells John Arlidge why #

-- The Sunday Times Play-by-play (@TheSTMagazine) May 17, 2020

But hind spending. ?500 million (about $605 million) of his own money on the project, James Dyson scrapped the EV preparations last October. He told staff in an email "though we have tried very nonflexible throughout the minutiae propoundment we simply can no maximum see a way to make it commercially viable," totalizer that the convergence would "concentrate on the horrifying task of mass-production solid-state batteries" as well-conditioned as over-and-above "fundamental" technologies such as machine acquirements as well-conditioned as AI.

The Dyson car weighed 2.6 bags as well-conditioned as had a top speed of 125 mph, with twin 200kW electric motors, equal to the Times.

"There's huge sadness as well-conditioned as disappointment," Dyson said in the Times interview. "Ours is a life of smash as well-conditioned as of failure. We try things as well-conditioned as they fail. Life isn't easy."

More recently, Dyson had spent anyway $25 million diamond a breathing chase meant for COVID-19 patients, utilizing the company's explicit motor technology. The UK government told the convergence last month the chase was not needed, but James Dyson said he did not scourge the resources the convergence devoted to the alleged CoVent project. "I have some masterstroke that our chase may yet info the return in over-and-above countries, but that requires farther time as well-conditioned as investigation," he said.

The Times spoke to Dyson for its festival rankings of the UK's wealthiest people. James Dyson topped the Sunday Times Rich List for the first time, with an imprecise fortune of. ?16.2 billion (about $19 billion).