Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Jaguar Land Rover unveils £250m EV facility as electrification powers up

by October 23, 2023
October 23, 2023
Jaguar Land Rover unveils £250m EV facility as electrification powers up

Jaguar Land Rover has unveiled a new £250m engineering facility at its centre in Whitley, Coventry, bringing 350 jobs to the region.

The 323,000 sq ft Future Energy Lab will enable rapid testing of electric vehicles (EVs), including in extreme-weather conditions, as the marque preps for the launch of nine new luxury models by 2030.

200 engineers have already secured jobs at the facility and JLR said a further 150 roles will be created, supported by £22m of investment into the facility next year.

Andy Street, mayor of the West Midlands said: “We have been steadfast in our ambition to place our region right at the forefront of both automotive excellence and the transition to electric vehicle production.”

“Today’s brilliant news from JLR vindicates our ambition. With the opening of this new Future Energy Lab in Coventry – a multi-million pound investment in engineering – JLR are doubling down on their commitment to electrification in the months and years ahead.”

The lab will produce Electric Drive Units (EDUs), which convert electric energy to get vehicle wheels spinning, for JLR’s next generation, fully electric Range Rover, Defender, Discovery and Jaguar models.

It comes after heavy investment from Jaguar in its electrification push this year, as it looks to keep ground on competitors such as Aston Martin.

In April, the luxury carmaker pledged £15bn over five years to transition towards greener fleets and is making a number of changes to its British factories.

It has already created hundreds of new jobs this year at factories in Solihull, Whitley and Gaydon, Warwickshire.

Thomas Mueller, executive director of product engineering at JLR, said: “Our vehicles are, and continue to be, at the forefront of an all-electric automotive future.”

“This facility… is essential to providing the advanced testing capabilities that will be vital to the performance and reliability of the modern luxury vehicles we are proudly developing.”

Read more:
Jaguar Land Rover unveils £250m EV facility as electrification powers up

0
FacebookTwitterGoogle +Pinterest
previous post
Shubarev Maxim: From Employee to Owner of a Corporation (Setl Group)
next post
SMEs fear winter supply chain crunch could hit revenue in crucial Christmas trading period

You may also like

UK Economy grew by 0.2% in April but...

June 14, 2023

Where to Position Your Consumer Unit in the...

April 26, 2024

Reeves pushes Bank of England to prioritise climate...

October 30, 2024

The certainty of uncertainty: Business finds itself on...

October 4, 2022

Explore the Best Apple Watch Wristbands for Active...

November 20, 2024

Britishvolt seeks £200m emergency funding within the next...

October 15, 2022

Tories plan stamp duty cut to win over...

October 21, 2023

Ireland to become first country in the world...

May 23, 2023

EU plans to loosen state aid rules to...

January 31, 2023

Microsoft turns up its chatbot stake

January 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved