Jaguar Land Rover are the latest company to announce electric car investment
We’ve had a gloomy few months for the automotive industry, with May marking the 12th consecutive month of decline for UK car production. News recently emerged that production has fallen by more than 15 percent, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
However, a glimpse of more positive light shone through last week when Jaguar Land Rover announced they would be ploughing millions of pounds into the British car industry, with their plans to build next generation electric cars at their Bromwich factory in Birmingham.
This is a great boost for the 2500 workers employed by the manufacturer as well as for the industry after months of instability due to concerns over brexit and the collapse in sales.
The firm is planning on making a formal announcement this week, about their plans for producing an eco-friendly version of its luxury XJ saloon, along with scheduling a six-week shutdown at the site to install a new range of tools and equipment that will allow production of this new model.
The all Electric XJ is due to hit forecourts next year, and his able to travel an astonishing 300 miles on a single charge. They’re quickly following in the footsteps of manufacturers BMW, Tesla and Nissan who are already on the electric bandwagon with vehicles already being used on the road.
This news comes after it was announced last month that Jaguar Land Rover would team up with fellow manufacturing giant BMW to help develop new electric car technologies. The two are going to be developing electric motors, transmissions and power electronics.