James Dyson says he spent 500M of his own money on the companys canceled electric vehicle

Dyson’s canceled electric vehicle was known internally as the N526, would have had a 600-mile range per charge and could go from zero to 62 mph in 4.8 seconds, company founder James Dyson said in an interview with the (London) Sunday Times. James Dyson says he even drove the prototype of the SUV-style vehicle, meant to rival Tesla’s electric vehicles, “secretly in a screened-off compound.”

The vacuum cleaner company’s short-lived electric car project started in 2017, and at one point some 600 people at Dyson were working on it. In 2018, Dyson said it would build a manufacturing plant in Singapore to make the EVs, and was also working on developing solid-state batteries for the vehicle.

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