Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Bentley to produce first fully electric car in 2025

Published 26/01/2022, 07:39
Updated 26/01/2022, 11:57
© Reuters. FILE PHOTO: The badge of a Bentley motor car is seen outside a showroom in Knutsford, northern England, September 5, 2010.    REUTERS/Phil Noble

© Reuters. FILE PHOTO: The badge of a Bentley motor car is seen outside a showroom in Knutsford, northern England, September 5, 2010. REUTERS/Phil Noble

By Nick Carey

LONDON (Reuters) - Luxury British carmaker Bentley said on Wednesday it would start production of its first fully-electric car in 2025, a significant milestone in the Volkswagen (DE:VOWG_p) AG unit's planned shift to a fully-electric model line-up by 2030.

Bentley also committed to investing 2.5 billion pounds ($3.4 billion) in sustainability over the next decade.

The carmaker said it would reconfigure its UK plant in Crewe to build the new vehicle. It did not provide further details on what form its first fully-electric vehicle will take.

Across the auto industry, major manufacturers have been rolling out plans to electrify their car ranges, with looming fossil-fuel car bans spurring them on to make huge investments in the new technology.

© Reuters. FILE PHOTO: The badge of a Bentley motor car is seen outside a showroom in Knutsford, northern England, September 5, 2010.    REUTERS/Phil Noble

Earlier this month, Bentley said it had cruised to a record year in 2021 as global sales jumped 31% amid strong demand for high-end vehicles.

($1 = 0.7426 pounds)

Latest comments

Yawn
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.