JAGUAR Land Rover has announced it will invest £15billion in the next five years as part of its drive towards creating electric vehicles.
The manufacturer’s first of three reimagined modern luxury Jaguars will be a four-door GT built in Solihull.
It will have more power outage than any previous Jaguar, a range of up to 430 miles, be built on its own JEA unique architecture and be priced from £100,000.
More details of the new four-door GT Jaguar will be released later this year, before going on sale in selected markets in 2024 and client deliveries in 2025.
JLR has also confirmed its stamping facilities in Castle Bromwich which prepare pressed body metalwork for its vehicles will be expanded and play a key role in the future, providing bodywork for next generation electric vehicles. JLR also said it continued to explore options for other parts of the Castle Bromwich site.
Speaking at the group’s Gaydon factory, chief executive Adrian Mardell reaffirmed the business’ commitment to its Reimagine strategy, repositioning JLR as an electric-first, modern luxury carmaker by 2030.
Announcing news of its next generation electrification roadmap, JLR confirmed it would start to invite applications for client orders for the modern luxury all-electric Range Rover from later this year.
The Halewood plant, in Knowsley, Merseyside and JLR’s Engine Manufacturing Centre in Wolverhampton will also be part of the firm’s ‘electric future’.