Jaguar Land Rover, one of Britain's largest car manufacturers, is investing multimillion-dollar domestic EVs to expand a sector hit by a downturn in diesel sales and Brexit uncertainty.
In an effort to reduce dependence on diesel vehicles, for which demand is declining, the company has offered an electrified option for all of its new models from 2020.
JLR, which last year produced 30 percent of the 1.5 million UK vehicles, will produce a range of electrified vehicles, starting with the XJ luxury sedan, at its Castle Bromwich plant in central England.
The JLR has long warned of the dangers of Brexit and the need to maintain smooth trade with the European Union, raising concerns that the auto sector could face customs delays and additional bureaucracy.
But he signed an agreement with the workers at Castle Bromwich to move from a 5-day to a 4-day work week with the same number of hours to enable the plant to operate more efficiently.
Friday's investment announcement comes after several hectic months for the company, which announced roughly 4,500 job cuts earlier in January and lost £ 3.66 billion (roughly $ 4.5 billion) in 2018/19.
JLR has also called on the government to build gigabyte battery production in the country so that the UK is not left behind in its pursuit of low and zero emission vehicles.
