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COMPETITION OR WHAT? UK's Richest Man Spends $940 Million To Build An Electric Car To Rival Tesla
Sep 25, 2020
James Dyson, UK’s richest man with an estimated wealth of 16.2 billion pounds, decided to spend 500 million pounds of his own money to produce an electric car that he claims can rival Tesla. The news comes seven months after the billionaire had decided to can the project to come up with this electric car. Dyson’s company decided to reveal the electric car, codenames N526, during an interview of James Dyson for topping the Sunday Times list of richest people.
The Dyson car was initially planned as an electric SUV that aimed to challenge Tesla’s electric vehicles. During the interview, Dyson revealed that and he had to fund about 500 million pound from his own pocket to get the scrapped project off the ground. Dyson claimed that the seven-seater electric SUV will have a range of 965 kms (600 miles). The figures are impressive when once compares the kind of range popular Tesla models have. A Tesla Model S can go 610 kms (379 miles) and the Model X can hit 505 kms (314 miles) on a single charge.
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