# Ineos Automotive has produced more than 35,000 off-road SUVs and pickups since starting in 2022.

*business · news · 2026-04-13 · CNBC*

## Key points

- Ineos Automotive plans to achieve breakeven in 2024 after producing over 35,000 vehicles since 2022.
- The company is considering starting limited vehicle assembly in the U.S. to avoid the 25% 'chicken tax.'
- Ineos has spent about $2 billion since 2017, significantly less than comparable automotive startups.
- Development of the Fusilier, initially planned as all-electric, was paused in 2024 to consider hybrid options.
- Ineos aims to reach 200,000 to 250,000 annual sales by the early 2030s, with U.S. production likely.

**Companies:** Ineos Group, Ineos Automotive
**Countries:** United Kingdom, United States, France, Germany, China, Australia, South Africa, Middle East, Southeast Asia

[Read the full story on CNBC](https://www.cnbc.com/2026/04/13/ineos-automotive-grenadier-suv-james-ratcliffe.html)

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