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  • Date of publication: 31 August 2020
  • 2460
  • businessbuysale.com
  • Auto maker Jaguar Land Rover will invest $ 18 billion in the creation of electric cars

    Synopsis

    The largest British automaker, owned by Indian Tata Motors Ltd., increased its financing of development of electric versions of three models by 25%

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Description

The largest British automaker, owned by Indian Tata Motors Ltd., increased its financing of development of electric versions of three models by 25%

 

As reported in the company, over the next three years it is planned to allocate about $ 18 billion for the creation of electric vehicles. Prior to this, the company announced an increase in expenses. In particular, this is due to the waryness of many customers regarding the purchase of diesel cars in the UK and Europe.

Bloomberg said that the British automaker intends to increase the costs associated with the development of electrical versions. And the company expects by 2025 to be able to produce various versions of models, both using traditional fuel, and working on electricity or combined models.

According to the spokesman of the company Jaguar Land Rover, it is planned to convert all six production platforms in the UK for the production of cars with new types of engines.

According to earlier statements of the automaker, all cars sold since 2020 will be equipped with an electrified element.

 

vedomosti.ru