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Ineos Automotive has produced more than 35,000 off-road SUVs and pickups since starting in 2022.
Ineos Automotive plans to achieve breakeven in 2024 after producing over 35,000 vehicles since 2022.
KEY POINTS
- 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.
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