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Jaguar Land Rover to invest $18.9 billion in EV production over next five years

JLR announced that its Halewood plant in the UK will become an all-electric production facility. The company will invest $18.9 billion (£15 billion) over the next five years. Additionally, the company shared that its new medium-size SUV architecture EMA (electrified modular architecture) will now be fully electric.

Adrian Mardell, JLR’s CEO, said: “Today I am proud to announce we are accelerating our electrification path. This investment enables us to be carbon net-zero emissions by 2039.”

JLR also announced that the first of its three new Jaguar models will be a 4-door GT. The company said it will have a range up to 430 miles (700 km), and a starting price of  £100,000. Additionally, it will feature its own architecture, which Jaguar has dubbed JEA. The model is expected to go on sale in selected markets in 2024.

Source: Jaguar Land Rover

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