By P.R. Venkat
Auto maker Jaguar Land Rover plans to take a position 15 billion kilos ($18.66 billion) in electrical automobile applications over the following 5 years to change into a contemporary luxurious automobile maker by 2030.
JLR’s Halewood plant within the UK’s Merseyside will change into an all-electric manufacturing facility as a part of the plan. Its engine manufacturing heart in Wolverhampton will likely be renamed the Electrical Propulsion Manufacturing Heart, Tata Motors Ltd., which owns JLR, mentioned Thursday.
“This funding allows us to ship our fashionable luxurious electrical future, growing new expertise, and reaffirming our dedication to be carbon internet zero by 2039,” Adrian Mardell, chief government of JLR mentioned.
The corporate plans to start out taking pre-order bookings for the primary all-electric Vary Rover later this yr, the corporate mentioned, including that next-generation medium-size SUV structure will likely be pure electrical.
JLR additionally mentioned stamping amenities that put together pressed physique metalwork for its autos could be expanded to play a significant function within the firm’s electrical future by offering physique work for next-generation electrical automobiles.
Write to P.R. Venkat at venkat.pr@wsj.com