Jaguar has invested 2.25 billion pounds to accelerate the electrification transformation, which will last 200 miles in 15 minutes.

CTOnews.com, July 29, Jaguar took the lead in embracing the trend of electrification and delivered its first I-Pace electric vehicle in the United States in October 2018, but it faced fierce market competition and lagged behind in terms of cost, mileage, charging speed and performance, resulting in a decline in sales of its brand electric vehicles.

To reverse this trend, Jaguar announced an investment of 2.25 billion pounds (CTOnews.com Note: currently about 20.678 billion yuan) to significantly increase its electrified capacity and competitiveness.

Jaguar Land Rover official said: "this investment decision shows that the company is committed to achieving the strategic goal of becoming a modern luxury electric car brand by 2030."

Jaguar plans to launch a new high-end sports sedan with a range of 400mph (643.74 km), as well as a fast charging function that recharges for 15 minutes and has a range of 200mph (321.87 km).

Gerry McGovern, Jaguar's chief creative officer, said Jaguar's upcoming electric car would embody four key attributes: exuberance, fearlessness, uniqueness and progressiveness.