China's biggest carmaker Geely is launching a premium electric car brand it hopes will take on Tesla. Geely said it would develop and manufacture high-end EVs under the Zeekr brand and expected to begin deliveries in the third quarter of 2021. Geely owns the Volvo and Lotus brands. Their Polestar 1 is a highly thought of EV.
I don't think the Chinese have any intention of allowing established western car makers to run off with the electric car market. They are gearing up now, designing vehicles, and building battery and vehicle megafactories from scratch, while we are still pontificating. VW seem to be putting a marker down, but they still have their work cut out IMHO.
There's been a lot of consolidation in vehicle manufacturing in the last couple of years, and I suspect there's more to come. Any car manufacturers that don't or cannot turn over to electric soon will be swallowed up.
What's happening with JLR? There were rumours that a sale to Peugeot was almost a done deal in 2019, and then it just went quiet. They are talking about being all EV by 2025, but with vehicles that are purchased by some for their 3½ tonne towing capacity, that looks a tall order.
They will need to do a lot more than "Reimagine".
https://www.autocar.co.uk/car-news/new-cars/jaguar-land-rover-reimagined-all-big-questions-answered