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May 31, 2022

INEOS confirms plan for compact electric SUV

INEOS will expand its product portfolio with an EV, also to be made at Hambach.

By David Leggett

INEOS Group CEO and Chairman, Sir Jim Ratcliffe, has confirmed plans for a second model line: a fully-electric 4X4.

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The company said the new model will use an all-new smaller platform than the Grenadier, while ‘retaining its workhorse DNA and off-road capabilities’. Launch timings are yet to be confirmed.

INEOS said the plans underscore its long-term commitment to the automotive industry. The second model line will be produced alongside the Grenadier and Grenadier pick-up at the company’s Hambach (France) plant.

INEOS also said it continues to back hydrogen fuel cells as the clean powertrain solution for future versions of the Grenadier. A fuel cell technology demonstrator is due to begin on- and off-road testing by the end of 2022.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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