Jaguar Land Rover Gets a £500 Million Loan From UK to Develop EVs

After a meeting with Prime Minister Theresa May and other car industry names working on the UK, Jaguar Land Rover got a loan of £500 million to work on the production of the company’s EV.

The amount of the loan can be used to keep some jobs inside the carmaker company, which has been problem due the current fall on demands for diesel fueled vehicles and other issues such as Brexit.

The current place where Jaguar is working is, but it will move to Solihull. There, they will introduce a brand new line all about electric vehicles.

The first model that will come to the market is the XJ, which will also have gasoline-fueled versions after the EV release.

Leave a Reply