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Ontario-based Magna to build electric 4x4s for Ineos in Austria

The yet-unnamed EV will be smaller than the company's debut model, the Grenadier, which is being built in France

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Ineos, owned by billionaire chemicals tycoon Jim Ratcliffe, said mid-April it would build its upcoming electric 4×4 at a factory in Graz, Austria. The yet-unnamed model will be developed with Ontario, Canada-headquartered Magna International, with production beginning in 2026, Ineos said in a statement April 17. The new vehicle will be smaller than the Grenadier, Ineos’s first model that is currently made at a plant in France.

Ratcliffe’s Ineos Group began making the Grenadier — an homage to Jaguar Land Rover’s original rugged Defender — after failing in a bid to bring back the original model when JLR decided to end production in 2016. Ineos considered building the Grenadier in Wales, but in the end it took over Mercedes-Benz’s plant in Moselle, near the French-German border.

The Grenadier is powered by gasoline and diesel engines made by BMW, and is named after a pub in London where Ratcliffe said the idea for his own Defender-replacement was hashed out.

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