Jaguar Land Rover ups electric investments to catch up in EV race

:Jaguar Land Rover said on Wednesday it planned to increase its investments in electric vehicles as it chases global rivals, with the British luxury carmaker promising its first new electric Jaguar in 2025.

JLR, which is owned by India's Tata Motors, said it would invest 15 billion pounds over the next five years on EVs.Legacy Western carmakers face a growing challenge to electrify fast, especially in China where the game is moving faster and the pressure to cut prices is getting more intense. JLR said its Halewood plant in northwest England would become an all-electric manufacturing facility.

The carmaker said it would also launch a new all-electric Range Rover SUV in 2025 and order books for that vehicle would open later this year.

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Jaguar Land Rover plans to invest 15 billion pounds in electric pushBritish luxury carmaker Jaguar Land Rover (JLR) on Wednesday said it plans to invest 15 billion pounds ($18.65 billion) over the next five years to expand its electric-vehicle offerings.JLR, which is owned by India's Tata Motors, added that its Halewood plant in Merseyside, UK, will become an all-electric
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