Automotive News – Early February 2022

Jaguar Land Rover Automotive plc has received a £500million Export Development Guarantee which will support the research, development and export of Battery Electric Vehicles, International Trade Secretary Anne-Marie Trevelyan announced on the 31^st January 2022

UK Export Finance (UKEF) guaranteed 80% of a new £625million loan from 12 commercial banks, under its Export Development Guarantee (EDG) program designed to drive major investments into UK exporters.

https://www.gov.uk/government/news/500-million-loan-guarantee-supports-jaguar-land-rovers-electric-vehicle-plans?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=14629dbc-d0d8-4df9-b94a-2fe9cd8779c4&utm_content=daily

____________________

Volvo Car UK has launched its first ever Pure Electric Test Drive Hub at the iconic Eden Project. This landmark moment reaffirms the business’s commitment to being an electric-only car manufacturer by 2030.

Visitors will be given the opportunity to test drive Volvo’s pure electric fleet around the picturesque Cornish roads and experience the enjoyment of driving an electric car. Both the Volvo XC40 Recharge pure electric and the new C40 Recharge pure electric – Volvo’s first model available only in fully electric and sold exclusively online.

https://www.media.volvocars.com/uk/en-gb/media/pressreleases/294109/volvo-car-uk-launches-its-first-pure-electric-test-drive-hub-at-the-eden-project-4