Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Jaguar Land Rover Secures 500 Million Funding For Halewood Factory To Develop Electric Vehicles
    DAX News

    Jaguar Land Rover Secures 500 Million Funding For Halewood Factory To Develop Electric Vehicles

    userBy userSeptember 29, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Jaguar Land Rover (JLR) has announced a £500 million investment to upgrade its Halewood factory for electric vehicle (EV) production.

    This investment will transform the historic Merseyside facility, enabling it to support the manufacturing of electric vehicles alongside existing combustion and hybrid models.

    The upgrade is part of JLR’s broader £15 billion global investment in electric vehicles, first announced in 2023, and includes plans to produce the first emission-free model at Halewood by early 2025.

    JLR has already invested £250 million into the plant, enhancing its car production lines, machinery, workforce, and digital technologies. An additional £250 million will be allocated over the coming years for further improvements.

    The company stated that the factory upgrades will include the installation of robots, the development of a new body shop capable of producing 500 vehicle bodies daily, and the addition of new ovens for drying paint.

    Jaguar Land Rover (Photo: Andrew Boyers)

    Although JLR has not revealed which electric model will be the first to be manufactured at Halewood, the investment will allow the production of electric versions of the Range Rover Evoque and Discovery Sport, alongside their combustion and hybrid counterparts.

    JLR, owned by India’s Tata Motors, is also investing £18 billion in its “Reimagine” program, which aims to make its entire vehicle lineup fully electric by 2030.

    Barbara Bergmeier, JLR’s Executive Director of Industrial Operations, highlighted that Halewood would become the company’s first “all-electric production facility.”

    She emphasized the plant’s importance, noting it has been the “heart and soul” of JLR in northwest England for more than two decades.



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAustrian far right seeks path to power through rivals’ blockade By Reuters
    Next Article Japan’s Nikkei index sinks 4.7% after ruling party chooses Ishiba as next prime minister
    user
    • Website

    Related Posts

    20 Cars That Handle the California Heat Effortlessly

    December 17, 2024

    10 Affordable Pickup Trucks Ideal for Small Business Owners

    December 17, 2024

    10 SUVs Perfect for Outdoor Adventures in National Parks

    December 17, 2024
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d