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Jaguar Land Rover declined to comment on a newspaper report that it is in talks with Ford Motor and BMW to build a battery plant in the UK.

JLR executives have met Ford and BMW officials about collaborating on a plant with the capacity to supply "several hundred thousand vehicles," the Sunday Times paper reported.

JLR may launch an electric Jaguar crossover next year, UK auto press reports have said.

Financial analysts Evercore ISI said it makes sense for JLR to seek a partnership with other automakers to share the high costs of battery development and production.

When contacted by Automotive News Europe about the Sunday Times report, a spokesperson said: "We do not comment on speculation." BMW denied it is talks for joint battery producation, while Ford was unavailable for comment.

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