Magna Steyr chosen to develop the next Ineos model all-electric off road model; smaller than the Grenadier.
Ineos Group, the British chemicals company that recently entered the automotive market with its BMW-powered Grenadier SUV, is turning to Magna International Inc. to produce its upcoming off-road electric vehicle, the companies said today.
The Canadian parts supplier is expected to begin production of the Ineos EV at its Magna Steyr complete vehicle assembly plant in Graz, Austria, in 2026. The companies did not disclose how many vehicles Magna plans to engineer and assemble for Ineos, nor did they reveal further details about the EV model.
Ineos Group, the British chemicals company that recently entered the automotive market with its BMW-powered Grenadier SUV, is turning to Magna International Inc. to produce its upcoming off-road electric vehicle, the companies said today.
The Canadian parts supplier is expected to begin production of the Ineos EV at its Magna Steyr complete vehicle assembly plant in Graz, Austria, in 2026. The companies did not disclose how many vehicles Magna plans to engineer and assemble for Ineos, nor did they reveal further details about the EV model.
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