Magna International, a global leader in automotive contract manufacturing, is expanding its operations in Michigan and Ontario while also adding a new model to its complete vehicle manufacturing branch. The company is investing $500 million in Michigan and $470 million in Ontario, creating over 1,000 new jobs in the process.
Magna Steyr, Magna’s plant in Graz, Austria, is responsible for the assembly of the Fisker Ocean, which began production in November 2022. Now, Magna is adding another exciting build to its Austrian operations in the form of an off-road electric vehicle (EV) for its existing customer, INEOS Automotive.
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Magna has a long history of engineering complete builds of vehicles for its customers, with over 4 million vehicles produced to date. In 2018, the company began working with INEOS Automotive on the Grenadier, a flagship off-road vehicle. Now, INEOS is looking to go all-electric with its second model and has once again asked Magna to help bring it to fruition.
Magna will be responsible for the complete engineering of the new off-road EV and will manufacture the vehicles in Graz. INEOS plans to start production in 2026. Magna’s expertise in innovative EV technology and complete vehicle engineering will be invaluable to the project.
The details of the off-road EV are not yet known, but it is certain to benefit from Magna’s engineering agility, expertise, and experience. INEOS CEO Lynn Calder spoke to the collaboration, saying, “We’ve seen first-hand the value of applying Magna’s agility, expertise and experience to a complete vehicle development program. 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.”
See also: Magna’s $470 Million Investment in Ontario to Boost EV Production Operations
With Magna’s help, INEOS is sure to bring another world-class product to its customers in 2026. As we wait for more details about the off-road EV, it will be exciting to see what innovative designs and engineering Magna brings to the project.
