Jaguar Land Rover boosts investment to catch up in EV race

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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.

 

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