Jaguar launches $130,000 EV

Jaguar has unveiled the Type 01, its first new model in nearly a decade, at an event in New York. The all-electric luxury sedan features a distinctive design, improved aerodynamics, and a range of up to 450 miles but faces a competitive high-end EV market. Despite a rebranding effort and a shift toward electric vehicles, Jaguar aims to attract younger, affluent buyers amid challenges in the US market and stiff competition from brands like Porsche and Mercedes.

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