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"Not building & selling what they've come up with, before starting on v2 ... "
As I understand it, version 1 was to work out the technical details. The seats were rudimentary, there was no dash or interior amenities at all. V2 is not a drastically different car (should look exactly the same from the outside), but is a car one step closer to production with the look of a concept car, more 3d printed parts (including the dash and seats), and possibly some refinements.
They don't claim to be anywhere near production at this time. You must understand that we are talking about five guys who work for a living as engineers and such - none of them are heirs to a fortune or self-made millionaires. Getting a car to production is rather pricey, and what they are doing is all they can to design and refine the product so that they could either partner with an investor and see it through, or sell their work to a major manufacturer who would produce it. As I understand it, they want the car to be made, and ideally would like to make it themselves, but they still have a long way to go.
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