Luxury carmaker Rolls-Royce to switch to all electric range by 2030

Reuters2021-09-29

BERLIN, Sept 29 (Reuters) - Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen's Bentley and Jaguar's Land Rover.

The BMW-owned brand said in a statement that its first fully electric powered car, named 'Spectre', will be on the market in the fourth quarter of 2023, with testing to begin soon.

"With this new product we set out our credentials for the full electrification of our entire product portfolio by 2030, said Torsten Muller-Otvos, CEO of Rolls-Royce, which is based in the south of England.

"By then, Rolls-Royce will no longer be in the business of producing or selling any internal combustion engine products," Muller-Otvos added.

BMW(BMWG.DE)has not set an end date for producing fossil fuel burning cars, instead setting a goal of 50% electric vehicle production by 2030, but its subsidiary Mini said in March it would go all-electric by the end of the decade.

The Jaguar brand of Tata Motors'Jaguar Land Rover will go all-electric by 2025, Volkswagen AG' luxury unit Bentley Motors by 2030, and Mercedes Benz maker Daimler(DAIGn.DE)by the same year, if market conditions allow.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

娜神宝宝
2022-08-08
娜神宝宝
What?!
Al3x
2021-09-29
Al3x
Like
SteadyDoesIt
2021-09-29
SteadyDoesIt
Cool
Jennifer58
2021-09-29
Jennifer58
Clean clean
- Jennifer58:
  Buy buy
diggydog
2021-09-29
diggydog
Wow, EV FTW!
audreyhutah
2021-09-29
audreyhutah
Like
- Grest:
  Done

Leave a comment

7

40

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1137910387?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-29 20:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1137910387","market":"us","top_or_hot":-1,"title":"Luxury carmaker Rolls-Royce to switch to all electric range by 2030","media":"Reuters","content":"<p>BERLIN, Sept 29 (Reuters) - Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen's Bentley and Jaguar's Land Rover.</p>\n<p>The BMW-owned brand said in a statement that its first fully electric powered car, named 'Spectre', will be on the market in the fourth quarter of 2023, with testing to begin soon.</p>\n<p>\"With this new product we set out our credentials for the full electrification of our entire product portfolio by 2030, said Torsten Muller-Otvos, CEO of Rolls-Royce, which is based in the south of England.</p>\n<p>\"By then, Rolls-Royce will no longer be in the business of producing or selling any internal combustion engine products,\" Muller-Otvos added.</p>\n<p>BMW(BMWG.DE)has not set an end date for producing fossil fuel burning cars, instead setting a goal of 50% electric vehicle production by 2030, but its subsidiary Mini said in March it would go all-electric by the end of the decade.</p>\n<p>The Jaguar brand of Tata Motors'Jaguar Land Rover will go all-electric by 2025, Volkswagen AG' luxury unit Bentley Motors by 2030, and Mercedes Benz maker Daimler(DAIGn.DE)by the same year, if market conditions allow.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Luxury carmaker Rolls-Royce to switch to all electric range by 2030</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLuxury carmaker Rolls-Royce to switch to all electric range by 2030\n</h2>\n\n<h4 class=\"meta\">\n\n2021-09-29 20:14 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BERLIN, Sept 29 (Reuters) - Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen's Bentley and ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RR..UK","symbol_name":"劳斯莱斯","start_time":0,"source_url":null,"article_id":"1137910387","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137910387","pubTimestamp":1632917641,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"BERLIN, Sept 29 (Reuters) - Rolls-Royce will produce only electric cars by 2030, the luxury carmaker","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RR..UK":"劳斯莱斯","RYCEY":"Rolls Royce Holdings plc"},"translate_title":"豪华汽车制造商劳斯莱斯将在2030年前转向全电动系列","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RR..UK":0.9,"RYCEY":0.9},"content_text":"BERLIN, Sept 29 (Reuters) - Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen's Bentley and Jaguar's Land Rover.\nThe BMW-owned brand said in a statement that its first fully electric powered car, named 'Spectre', will be on the market in the fourth quarter of 2023, with testing to begin soon.\n\"With this new product we set out our credentials for the full electrification of our entire product portfolio by 2030, said Torsten Muller-Otvos, CEO of Rolls-Royce, which is based in the south of England.\n\"By then, Rolls-Royce will no longer be in the business of producing or selling any internal combustion engine products,\" Muller-Otvos added.\nBMW(BMWG.DE)has not set an end date for producing fossil fuel burning cars, instead setting a goal of 50% electric vehicle production by 2030, but its subsidiary Mini said in March it would go all-electric by the end of the decade.\nThe Jaguar brand of Tata Motors'Jaguar Land Rover will go all-electric by 2025, Volkswagen AG' luxury unit Bentley Motors by 2030, and Mercedes Benz maker Daimler(DAIGn.DE)by the same year, if market conditions allow.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9905707950,"gmtCreate":1659933161372,"gmtModify":1703476152355,"author":{"id":"3567466731322784","authorId":"3567466731322784","name":"娜神宝宝","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3567466731322784","authorIdStr":"3567466731322784"},"htmlText":"What?!&nbsp;","listText":"What?!&nbsp;","text":"What?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905707950","repostId":1137910387,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":862755625,"gmtCreate":1632918351195,"gmtModify":1676530887269,"author":{"id":"4088815138354210","authorId":"4088815138354210","name":"Al3x","avatar":"https://static.tigerbbs.com/76537eea7f5e56814a3866c383a688d2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088815138354210","authorIdStr":"4088815138354210"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/862755625","repostId":1137910387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":862758407,"gmtCreate":1632918241259,"gmtModify":1676530887208,"author":{"id":"4087620073091560","authorId":"4087620073091560","name":"SteadyDoesIt","avatar":"https://static.tigerbbs.com/ab599edb0711e3b18e0dda8931ea8e4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087620073091560","authorIdStr":"4087620073091560"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/862758407","repostId":1137910387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":862751402,"gmtCreate":1632918052824,"gmtModify":1676530887192,"author":{"id":"3577529300728738","authorId":"3577529300728738","name":"Jennifer58","avatar":"https://static.tigerbbs.com/9a014efda004b6cc112e5d7968adf52f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577529300728738","authorIdStr":"3577529300728738"},"htmlText":"Clean clean","listText":"Clean clean","text":"Clean clean","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/862751402","repostId":1137910387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6037690,"gmtCreate":1632918061706,"gmtModify":1634782456284,"authorId":3577529300728738,"author":{"id":3577529300728738,"idStr":"3577529300728738","authorId":3577529300728738,"name":"Jennifer58","avatar":"https://static.tigerbbs.com/9a014efda004b6cc112e5d7968adf52f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":862751402,"type":1,"supId":0,"prevId":0,"content":"Buy <u>buy</u>","text":"Buy <u>buy</u>","html":"Buy <u>buy</u>"}],"langContent":"CN"},{"id":862751261,"gmtCreate":1632918026192,"gmtModify":1676530887184,"author":{"id":"3575091423649914","authorId":"3575091423649914","name":"diggydog","avatar":"https://community-static.tradeup.com/news/476e481044aa54d1d955e8bc4b856dd4","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3575091423649914","authorIdStr":"3575091423649914"},"htmlText":"Wow, EV FTW!","listText":"Wow, EV FTW!","text":"Wow, EV FTW!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/862751261","repostId":1137910387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":862753340,"gmtCreate":1632917871502,"gmtModify":1676530887152,"author":{"id":"3581922885116926","authorId":"3581922885116926","name":"audreyhutah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581922885116926","authorIdStr":"3581922885116926"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/862753340","repostId":1137910387,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6037665,"gmtCreate":1632917893175,"gmtModify":1663234642143,"authorId":3581503320247876,"author":{"id":3581503320247876,"idStr":"3581503320247876","authorId":3581503320247876,"name":"Grest","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":862753340,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":40,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1137910387"}