INEOS Automotive announces plan to launch all new electric 4×4 in 2026 in conjunction with Magna at its Graz facility in Austria.
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Press Release, London, 17 April 2023: Following the confirmation in May 2022 of a zero-emission model line, INEOS Automotive has today announced it is developing its brand new electric 4×4 vehicle in conjunction with industry-leading automotive supplier, Magna.
INEOS Automotive’s new 4×4 will represent a unique proposition for customers. Smaller than the Grenadier, this all-new battery electric model will be zero emission and will deliver world-class off-road capability, without compromising on-road comfort or performance.
INEOS has worked with Magna previously on series engineering and development for the Grenadier station wagon and pick-up models. It is well placed to take on INEOS Automotive’s third model line and has signed an agreement to start production of the new 4×4 at Magna’s Graz, Austria facility in 2026. Part of the development process for this new 4×4 will include a rigorous testing programme on Austria’s Schöckl mountain, which is close to Magna’s complete vehicle assembly facility.
“Having worked together on the engineering of the Grenadier, we’ve seen first-hand the value of applying Magna’s agility, knowledge, and experience to a complete vehicle development programme. Deepening our collaboration is a natural next step as we use the Grenadier as a springboard for our continued growth as a global automotive brand with this third model line,” adds Lynn Calder, CEO of INEOS Automotive.
Magna is one of the world’s largest automotive suppliers and independent contract manufacturers. It produces a number of different models for various automakers covering conventional ICE, hybrid and electric vehicles at its complete vehicle assembly facility in Graz.
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