Tata Motors’ JLR ups electrical investments to catch up in EV race

Jaguar Land Rover (JLR) stated on Wednesday it deliberate to extend its investments in electrical automobiles (EVs) because it chases international rivals, with the British luxurious carmaker promising its first new electrical Jaguar in 2025.

JLR, which is owned by India’s Tata Motors, stated it could make investments 15 billion kilos ($19 billion) over the following 5 years on EVs.

Beforehand, the carmaker had stated it could make investments 2.5 billion kilos a 12 months on electrification.

Legacy Western carmakers face a rising problem to impress quick, particularly in China the place the sport is shifting quicker and the strain to chop costs is getting extra intense.

JLR stated its Halewood plant in northwest England would turn into an all-electric manufacturing facility.

The carmaker stated it could additionally launch a brand new all-electric Vary Rover SUV in 2025 and order books for that car would open later this 12 months.

 

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