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Jaguar Land Rover to Invest £15 Billion in EV Transition Over Next Five Years
Adrian Smith
- Apr 19 2023
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Jaguar Land Rover (JLR) has announced plans to invest £15 billion over five years as it transition to become an a luxury electric car manufacturer. It also revealed that its Halewood plant, in the UK, will become an all-electric production facility.
The first of JLR next generation medium-size modern luxury SUVs will be an all-electric model from the Range Rover family, launching in 2025 and built at the Halewood plant.
JLR also revealed its Engine Manufacturing Centre in Wolverhampton, UK, currently producing internal combustion engines for its vehicles, will have an electric future producing electric drive units and battery packs for JLR’s next generation vehicles.
It will be renamed the Electric Propulsion Manufacturing Centre to reflect the move.
JLR says it will retain the flexible modular longitudinal architecture (MLA) on which Range Rover and Range Rover Sport are built and offer internal combustion engine (ICE), HYBRID and battery electric vehicle (BEV) options.
Adrian Mardell, JLR's Chief Executive Officer, says: "Today I am proud to announce we are accelerating our electrification path, making one of our UK plants and our next-generation medium-size luxury SUV architecture fully electric. This investment enables us to deliver to our modern luxury electric future, developing new skills, and reaffirming our commitment to be net zero carbon by 2039."
He adds: "With Range Rover, the original luxury SUV, available for pre-order in pure electric form later this year, and the first of three breath-taking electric reimagined Jaguar models to be launched in 2025, we are stepping into an incredibly exciting new electric era for JLR as a modern luxury business."
JLR is a wholly owned subsidiary of Tata Motors Limited, part of Tata Sons.
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