Jaguar Land Rover boosts investment to catch up in EV race

📆 4/19/2023 5:53 PM
📰 ChannelNewsAsia

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 66%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

LONDON :Jaguar Land Rover (JLR) will invest 15 billion pounds ($19 billion) over the next five years in electric vehicles (EVs) and promised on Wednesday to deliver a new electric Jaguar in 2025 as the British luxury carmaker plays catch-up with rivals.JLR, which is owned by India's Tata Motors, said in early

LONDON :Jaguar Land Rover will invest 15 billion pounds over the next five years in electric vehicles and promised on Wednesday to deliver a new electric Jaguar in 2025 as the British luxury carmaker plays catch-up with rivals.

JLR launched its well received electric I-Pace in 2018, but has since not launched any other zero-emission models. The new Jaguar will be built at the carmaker's Solihull plant in central England and will be the first of three new electric models.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China land sales revenue falls at slower pace in MarchBEIJING : China's government land sales revenue fell at a slower pace in March, according to the Ministry of Finance on Tuesday, as a slew of stimulus policies lifted developers' sentiment.Income from land sales, the biggest source of funds that local governments raise directly, fell 27 per cent in the fi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »