Bentley Motors to invest $3.4 billion in EVs

The big investment will also result in a comprehensive modification of Bentleys’ entire product portfolio, and the historic Crewe Campus.

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As part of a 2.5-billion pound ($3.4 billion) spending push to revamp manufacturing and surpass its roaring 12-cylinder combustion engines, Bentley Motors Ltd. is determined to build its first fully electric car in the U.K. The investment over the successive decade will modernise Bentley’s factory in Crewe, England, the Volkswagen AG brand conveyed Wednesday. The decision will comply with over 4,000 workers.

“We aim to become the benchmark not just for luxury cars or sustainable credentials but the entire scope of our operations,” Bentley Chief Executive Officer Adrian Hallmark expressed in a statement. Bentley said its first BEV was planned to proceed to the production line in 2025 and would mark a momentous.

“The big investment will also result in a comprehensive modification of Bentleys’ entire product portfolio, and the historic Crewe Campus by entrenching an industry-leading greenfield facility into a world-leading, next-generation digital, low environmental impact, high-value advanced manufacturing facility,” the company added.

Fellow Volkswagen brand Lamborghini has distributed 1.5 billion euros ($1.7 billion) for the shift to plug-in hybrids and intends to offer an immaculately battery-powered model during the second half of the decade.

Bentley’s plans follow its second consecutive year of record sales. It reported sales of 14,659 vehicles last year, a 31% increase over the company’s previous sales record of 11,206 cars and SUVs in 2020. Bentley currently offers a $160,000 plug-in hybrid version of its Bentayga SUV, which possesses an engine as well as EV components and electric range.