Reuters File Photo: A logo was photographed at the INEOS Chemical Company headquarters during a press conference in Rolls, Switzerland on November 13, 2017.
By Nick Kerry
LONDON (Reuters) – Chemical and energy giant INEOS, a unit of INEOS Automotive, will launch a rough off-road vehicle for farmers and other primarily rural use in Europe and North America in 2022 and 2023, it said on Wednesday.
The company initially plans to launch a customized version of the Grenadier for business customers – which should be the most sold of four-wheel drive vehicles – and a more comfortable passenger version.
The car will be launched in 2022 in parts of Africa and the Middle East.
INEOS is also working on a pickup truck version of the automotive Grenadier, which will be important for the North American market. In the U.S. market, pickup trucks make up a large and highly profitable portion of total auto industry sales.
The Boxi Grenadier will have petrol and diesel engines and a train built by BMW. Car production will begin at an earlier time in late 2021 Daimler AG (DE 🙂 is a passenger car factory in Hambache, northeastern France, which INEOS Automotive bought last year from a German car manufacturer.
Gary Pearson, head of market at INEOS Automotive in the United Kingdom, the Middle East and North Africa, said the combustion engine technology the company is using is right for today’s market.
But with a ban on fossil-fuel vehicles in Europe, the company is looking to hydrogen fuel-cell technology for a future zero-emission version of the Grenadier, rather than going electrically.
“As electrical technology advances, it may be right for us,” Pearson said. “But in terms of range today, the weight of the battery … in a car that needs to pull things, lift things, carry things, that’s not right for us at the moment.”
An agreement between INEOS and Hyundai, the parent company, to explore opportunities for hydrogen production and supply includes evaluating grenadiers using a South Korean manufacturer’s fuel-cell system.
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