Dyson has revealed more details about its secretive electric car program. The inventor and entrepreneur said then that he planned to invest £2 billion ($2.6 billion) to produce an electric vehicle by 2021. Dyson has already spent £84 million ($109 million) to overhaul the base and restore two hangers. The company has so far released very few details about the electric vehicle it hopes to develop. Volkswagen (VLKAF), for example, announced plans last year to spend more than €50 billion ($60 billion) on battery cells as it pushes to electrify all 300 models in its range by 2030.

Source: CNN August 30, 2018 12:02 UTC