JLR has increased its five-year investment plan from £15 billion to £18bn after the slower-than-predicted EV take-up forced it to boost spending on platforms that allow combustion engines as well as electric powertrains.
The British firm announced the original £15bn plan last April, detailing spending on new EV platforms, including the mid-sized EMA, which will underpin cars built at its Halewood plant from 2025.
