The company headed by 70-year-old Sir James Dyson of England is well known for making vacuums, bladeless fans and other household items. However, according to The Spy Guy’s sources, Dyson is planning to enter the automobile business. He has reportedly earmarked $2.7 billion to develop electric vehicles and plans to hire 400 employees. Much of the initial effort will be directed at battery development as well as engineering lightweight composite body structures. Given Sir James’ expertise in both areas, albeit on a smaller scale, he seems to have a good shot at succeeding in his new venture.

Dyson has earmarked $2.7 billion to develop electric vehicles. (PHOTO: DYSON)

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