According to reports, Jaguar Land Rover broke ground in a new factory in Slovakia. Jaguar Land Rover said that the new plant will produce a series of new aluminum platform Jaguar Land Rover, but did not announce the specific model name.
According to Alexander Wortberg, Jaguar Land Rover Operations Director, the new plant will produce two models and their derivatives. Wu Bin also said that the factory originally planned to produce 150,000 cars. With further investment, the annual production of the factory may increase to 300,000 units, but the company has not made a decision.
It is reported that Jaguar Land Rover has received a total investment of 1 billion pounds, of which 800 million pounds will be used to build a new factory, and the remaining 200 million pounds will be used to build a supplier network.
In addition, the plant will start in 2108 and will use a new conveyor belt supplied by German machine and equipment manufacturer Kuka.
According to Jaguar Land Rover, Brexit will not affect the progress of the new factory project. Jaguar Land Rover CEO Ralf Speth said, "The UK may intend to leave Europe, but Jaguar will never."
It is understood that Volkswagen, Kia, Peugeot Citroen and other car manufacturers have set up factories in Slovakia, making Slovakia the world's highest per capita car production. According to the statistics of the Automobile Industry Association, the automobile industry in Slovakia accounts for 43% of its industrial exports and accounts for a quarter of imports. The association also expects Slovakia to produce more than 1 million cars this year.
The Slovak Finance Minister said last week that because Jaguar Land Rover built a new factory in Slovakia and other projects, the annual economic growth of Slovakia this year will be faster than the previous forecast of 3.2%.
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