UK tech firm Dyson to spend £2bn developing its own electric car

Sep 27, 2017 · uktech.news

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Dyson, a UK technology company known for its fans and vacuum cleaners, is set to spend £2bn on creating its own "radical" electric car.

The vehicle, which will be battery-powered, is set to be launched by 2020.

Half of the allocated funding will be spent on developing the vehicle itself, while the remaining £1bn will be used to create the battery.

Headquartered in Wiltshire and founded by Sir James Dyson, the company says 400 of its employees have been working on the secret project for the past couple of years.

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