CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Magna to produce new electric vehicle from INEOS Automotive

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Magna expects to start production of the INEOS Automotive electric off-road vehicle in Graz, Austria by 2026. PHOTO courtesy Magna.

Magna has won a contract to manufacture the all-new INEOS Automotive electric off-road vehicle contract – which is expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle.

“We are excited to have been chosen as INEOS Automotive’s strategic manufacturing partner, building on the strength of our existing relationship in vehicle engineering,” said Roland Prettner, Interim President, Magna Complete Vehicles. “This new electric vehicle adds nicely to our line-up in Austria and showcases our flexibility in producing a range of vehicles from ICE-based to fully electric.”

Magna started working with INEOS Automotive in 2018 on complete vehicle engineering services ahead of the launch of the company’s first 4X4, the Grenadier.

“Having worked together on the engineering of our crucial first product, we’ve seen first-hand the value of applying Magna’s agility, expertise and experience to a complete vehicle development program,” said Lynn Calder, CEO of INEOS Automotive. “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 our second model line. We’ll once again work with the very best partners to launch another world-class product to our customers in 2026.”

Magna has provided complete vehicle services to global automakers for decades. The company has produced more than four million vehicles including different models for both traditional automakers and new entrants from its facilities in Graz, Austria, and Zhenjiang, China (a joint venture with BJEV).

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