Jaguar Land Rover will build electric cars at UK factory
The investment will help to secure the future of the Castle Bromwich factory. JLR has scheduled a six-week shutdown at the site to install a new range of tooling that will allow it to make full-electric cars, the Sunday Times said.
Jaguar Land Rover’s first full-electric car, the Jaguar I-Pace, is built by Magna Steyr in Austria.
Jaguar Land Rover will partner with BMW for electric motors, transmission and power electronics, the companies said in June.
Jaguar Land Rover is cutting costs after it posted a $4 billion annual loss, hit by a downturn in demand for SUVs in China and a regulatory clampdown on diesel emissions in Europe.