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COMPETITION OR WHAT? UK's Richest Man Spends $940 Million To Build An Electric Car To Rival Tesla

Lynda

Sept. 24, 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.
The interior of this electric car is something to talk about! The “thin and firmly upholstered” seats have rounded headrests, lending them “the look of a lollipop.”
The entrepreneur’s rise comes as Britain’s super-rich lose more than £54bn in two months due to Covid-19. James Dyson made his fortune with the invention of the bagless vacuum cleaner, which went on sale in 1993. The 73-year-old businessman recently paid £70m for two properties in Singapore, where he had controversially moved his corporate headquarters. He owns 36,500 acres of land – more than the Queen.
Sir James Dyson, born May 2, 1947, British inventor, industrial designer, and entrepreneur who successfully manufactured innovative household appliances and became a determined campaigner to restore engineering and technical innovation to high esteem in British society. As a boy, Dyson attended the prestigious Gresham’s schools in rural Holt, North Norfolk. After graduation he went to London, where he attended the Byam Shaw School of Art for a year (1965–66) before studying furniture and interior design at the Royal College of Art (1966–70). At the latter institution he was introduced to the creative possibilities of uniting engineering with design. In 1970 he went to work for Rotork Controls Ltd., Bath, Somerset, where he and the company’s unconventional chairman, Jeremy Fry, designed and produced the Sea Truck, a small, fast, versatile flat-bottomed fibreglass landing craft for use by military or civilian customers. In 1974 Dyson founded his own company to produce the Ballbarrow, a plastic wheelbarrow-like bin that rolled on a load-spreading ball instead of a narrow wheel.
In 1978 Dyson, having grown impatient with clogged air filters in his Ballbarrow factory, built a cyclone particle collector similar to devices used in larger industrial plants, such as sawmills. Adapting this solution to home vacuum cleaners, he worked for the next five years, testing more than 5,000 prototypes, before he produced a satisfactory model that swirled incoming dirty air around a cylindrical container, where the dust was separated by centrifugal force and settled by gravity while the purified air escaped out the top.
Makers of traditional bag-type vacuum cleaners showed no interest in Dyson’s bagless device, arousing in him a lasting antipathy toward conventional businesses. He sold the cleaner, known as the G-Force, to a company in Japan, where it became a commercial success and won a design prize in 1991. In 1993 Dyson opened a plant in North Wiltshire, and within two years his Dual Cyclone model became the top-selling vacuum cleaner in Britain, despite a retail price considerably higher than that of competing brands. Dyson’s elegant and practical appliances went on to win many design awards and were exhibited in art and design museums around the world. He followed up the vacuum cleaner line with other products, such as the Air Multiplier bladeless fan, introduced in 2009, in which air drawn through the base unit is blown over the inner surface of an ethereal airfoil-shaped ring, inducing air surrounding the ring to flow in an uninterrupted stream.
Dyson’s design and commercial success lent authority to his quest to revive the spirit of invention in Britain. In 1997 he published Against the Odds (cowritten with Giles Coren), an autobiographical account of his persistence in the face of discouragement. The following year he was made a Commander of the Order of the British Empire. In 2002 the James Dyson Foundation was established with the aim of encouraging young people to enter engineering through the awarding of prizes and grants.
In 2009 the Conservative Party invited Dyson to propose policies to encourage innovation, and he replied in March 2010 with Ingenious Britain: Making the UK the Leading High Tech Exporter in Europe, a report that suggested, among other ideas, more freedom for universities to design unconventional engineering curricula and more collaboration between universities and technology companies.
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