Bentley invests $3.4 billion in switching to electric cars in the UK

Bloomberg – Bentley Motors Limited (BSYThe first fully electric car will be made in the UKas part of a 2.5 billion pound ($3.4 billion) investment to overhaul manufacturing and phase out powerful 12-cylinder combustion engines.

Investment over the next decade will lead to the modernization of the Bentley plant in Crewe, EnglandVolkswagen AG (VWAGY) said Wednesday. the decision A boon to 4,000 site workers and the British governmentIt has been Attempting to protect domestic manufacturing threatened by the country’s exit from the European Union and speeding up the electrical switch.

“Our goal is to become the benchmark not only for luxury vehicles or sustainable credentials, but for our entire scope of operations,” Bentley CEO Adrian Hallmark said in a statement.

Bentley plans to offer plug-in hybrid and electric vehicles only by 2026 and convert its entire range to battery-powered vehicles by the end of the decade.. Luxury car brands like BentleyAnd Ferrari Nevada (RACE) y Aston Martin Lagonda Global Holdings (AML) is a challenging task in maintaining brand identity in the costly switch to batteries. While also relying on the superior performance of the engine, Bentley’s push towards electric cars is helped by Volkswagen’s massive tech investment, which seeks to challenge Tesla Inc (TSLA) as the dominant manufacturer of electric vehicles.

Bentley said a more environmentally friendly plant in Crewe will begin production of the brand’s first electric car in 2025. The company has already revealed plug-in hybrid variants of the Bentayga SUV, as well as the Flying Spur sedan. .

Lamborghini (LAMBO), Volkswagen’s companion brand, has committed 1.5 billion euros ($1.7 billion) to switch to plug-in hybrid vehicles and plans to offer a battery-only model during the second half of the decade.

See also  FTSE prepares to slide despite British pressure to approve vaccine - live updates

You may be interested in:

Bentley and Rolls-Royce avoid chip problems to achieve record sales

Car advertising is finally electric

Car giants plot to oust Elon Musk

This article was translated by Miriam Salazar

Leave a Reply

Your email address will not be published. Required fields are marked *