Tata Motors Ltd.'s Jaguar Land Rover Automotive plc announced on Wednesday a five-year, £15 billion investment into electric vehicle development.
Ednews reports citing the Ecpnomic Times that the company revealed that its factory in Halewood in the United Kingdom is set to become an all-electric production facility and that its "next generation medium-size [sport utility vehicle] architecture, electrified modular architecture (EMA), will now be pure-electric." The Halewood plant is expected to build the company's first all-electric Range Rover which will launch in 2025, while the first of three electric Jaguars will be a four-door GT model that will be made in Solihull in the UK, with deliveries starting also in 2025.
Jaguar Land Rover's "Reimagine" strategy "will reposition the company as an electric-first, modern luxury carmaker by 2030, as JLR makes strides towards its financial goals of achieving a net cash positive position by [the fiscal year 2025] and double-digit [earnings before interest and taxes] by 2026," according to the company's press release.