Jaguar has officially named its upcoming electric grand tourer the Type 00, a four-door GT that will arrive later this year with tri-motor power and serious performance specs. The new EV produces 986 horsepower and 958 pound-feet of torque, positioning it as a direct competitor to Tesla's high-performance offerings and other luxury electric vehicles flooding the market.

The Type 00 marks Jaguar's aggressive pivot into electric mobility after decades as a traditional luxury brand. Three motors give the car all-wheel drive and the kind of acceleration expected from a 900-plus horsepower powertrain. For context, that output matches or exceeds the Tesla Model S Plaid and positions the Jaguar firmly in the premium EV segment where performance and technology define the category.

Jaguar's naming choice references the brand's racing heritage, particularly the legendary D-Type competition cars of the 1950s. The company has telegraphed a design philosophy centered on bold aesthetics and cutting-edge technology rather than conservative luxury cues. This represents a significant strategic shift for a brand that built its reputation on understated British elegance.

The automotive industry watches Jaguar's EV transition closely. British luxury has struggled against Tesla's technology dominance and the surge of Chinese EV makers like BYD and Nio. Jaguar's parent company, JLR, invested heavily in electric development, and the Type 00 serves as proof of concept for the brand's survival in a rapidly electrifying market.

Pricing and availability details remain unreleased, but expect the Type 00 to command premium pricing well above 100,000 dollars based on its performance credentials and positioning. The full reveal later this year will show whether Jaguar has genuinely reimagined itself or merely dressed up existing technology in new branding. Deliveries should follow