Magna to produce INEOS’ electric off-road vehicle in 2026

Magna International Inc. has been awarded a contract to  manufacture the all-new INEOS Automotive electric off-road vehicle which is expected to start production in Graz, Austria in 2026. 

Magna International Inc., based in Aurora, Ontario, Canada, is one of the world’s largest suppliers in the automotive space. It has a global network of 343 manufacturing operations and 88 product development, engineering and sales centres.

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 UK-based INEOS, one of the world’s largest chemical producers and a significant player in the oil and gas market, 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).  

“As a leading global contract manufacturer with a strong infrastructure and a highly qualified  workforce, Magna is ideally positioned to support automakers like INEOS Automotive in turning  their mobility vision into reality,” said Prettner.