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

Operator Licence Application Process – Road Haulage

February 5, 2025

160,000 SMEs without mandatory employers’ liability insurance risk...

February 22, 2023

Secrets of Success: Amrit Dhaliwal, CEO, Walfinch

October 24, 2023

Top Tips for UK Businesses to Manage Pension...

July 2, 2024

Brands Spent a Whopping $90B on Influencer Ads...

August 9, 2023

Digital Health Expansion: Online Pharmacies and the Rise...

May 26, 2025

How to implement an inbound marketing plan

December 15, 2023

Start Up Loans celebrates £70M of loans to...

May 3, 2023

Nick Clegg quits Meta after selling nearly $19m...

January 5, 2025

NatWest provides debt extension for those struggling with...

January 12, 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

    • Richard Desmond drops part of his claim in National Lottery dispute as £1.3bn trial approaches

      July 30, 2025
    • Payday for George Osborne as Robey Warshaw sold to Evercore for £146 million

      July 30, 2025
    • Inside Lonestar Doodles: A Commitment to Care, Connection, and Integrity

      July 30, 2025
    • Inside Soft2Bet’s iGaming Revolution: Scaling Smarter, Innovating Faster

      July 30, 2025
    • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints

      July 30, 2025
    • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda

      July 29, 2025

    Categories

    • Business (8,612)
    • Investing (2,155)
    • Politics (16,236)
    • Stocks (3,228)
    • 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