JLR to invest $18 billion in electrification R&D over next 3 years
According to a Bloomberg report, UK-based automaker Jaguar Land Rover (JLR) has earmarked an investment of $18 billion in electrification Research & Development (R&D) over the next 3-year period. The investment underscores a 25% increase over the automaker’s current electrification R&D expenditure.
The disclosure about the substantial electrification Research & Development (R&D) spending in the next three years was made by JLR during an investors meeting held in London on May 25, 2018.
As per the Bloomberg report, JLR said at the meeting that would not only be increasing its investment in electric powertrains in the coming years, but would also create a software, information technology, and engineering center, to work on connected car technology. The center will come up in Manchester, England.
Meanwhile, with JLR already having unveiled its first all-electric car called the Jaguar I-PACE in spring this year, the company’s spokesperson Nathan Hoyt has told CleanTechnica in a recent statement that all the new models which JLR will bring to the market after 2020 will be equipped with an electric motor.
The statement by Hoyt implies that JLR’s new models after 2020 would apparently be battery-electric cars, hybrids, or plug-in hybrids. However, it must be noted that Hoyt was evidently referring to JLR’s new models, not its existing vehicles.
In a move which will enable BMW to support the production of its new iX3 electric SUV, the German automaker has recently announced a new expansion of its battery factory in China.
German automaker Audi has released new images of its forthcoming all-electric e-tron quattro SUV, to highlight the vehicle’s towing capacity. The e-tron quattro SUV is scheduled for an official launch by the automaker by the end of 2018.
In a recent announcement, US electric-scooter company Razor has said that it has launched its new electric scooter share service in Long Beach, after having received a permit from the city to operate the service.
Japanese electronics giant Panasonic has recently disclosed it is planning a 30 percent increase in the production of battery cells at Tesla Gigafactory 1 by the end of year 2018.
According to a recent confirmation by German automaker BMW via Reuters, the company has signed a battery-supply contract with Chinese battery manufacturer CATL.
According to a recent confirmation by German automaker BMW, the company’s new forthcoming all-electric iX3 SUV, which was unveiled earlier in 2018, will be a China-manufactured vehicle that will be exported to other markets.