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INEOS Automotive plans 2022 Europe launch for off-road vehicle

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A emblem is pictured within the headquarters of INEOS chemical compounds firm throughout a information convention in Rolle, Switzerland November 13, 2017. REUTERS/Denis Balibouse

LONDON, Sept 29 (Reuters) – INEOS Automotive, a unit of chemical compounds and vitality big INEOS (INEOSG.UL), will launch a rugged off-road car in Europe in 2022 and North America in 2023 for farmers and different primarily rural makes use of, it mentioned on Wednesday,

The corporate plans initially to launch with a utilitarian model of the Grenadier for enterprise clients – which ought to make up the vast majority of gross sales of the four-wheel drive car – and a extra snug passenger model.

The car can even launch in components of Africa and the Center East in 2022.

INEOS Automotive can be engaged on a pickup truck model of the Grenadier, which shall be essential for the North American market. Within the U.S. market, pickup vehicles make up a sizeable and a highly-profitable portion of whole auto business gross sales.

The boxy Grenadier could have petrol and diesel engines and drive trains constructed by BMW . Manufacturing of the car will launch in late 2021 at a former Daimler AG passenger automobile plant in Hambach, in northeastern France, that INEOS Automotive acquired from the German carmaker final 12 months.

Gary Pearson, who heads up INEOS Automotive’s markets within the UK, Center East and North Africa, mentioned the combustion engine know-how the corporate is utilizing is correct for as we speak’s market.

However with bans on fossil-fuel automobiles looming in Europe, the corporate is hydrogen fuel-cell know-how for future zero-emission variations of the Grenadier reasonably than going electrical.

“As electrical know-how strikes on, it might effectively turn out to be proper for us,” Pearson mentioned. “However as we speak when it comes to vary, the load of batteries… in a car that should pull issues, raise issues, carry issues, that is not essentially proper for us in the intervening time.”

An settlement between mother or father firm INEOS and Hyundai to discover alternatives for hydrogen manufacturing and provide consists of evaluating utilizing the South Korean carmaker’s fuel-cell system within the Grenadier.

Reporting by Nick Carey
Enhancing by Mark Potter

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