Sir Jim Ratcliffe’s Ineos Grenadier SUV will be powered by Hydrogen. The British billionaire has signed a deal with Korean giant Hyundai to use its fuel cell technology in his green 4X4.
Ineos outlined its plans to produce a hydrogen-powered SUV a year ago, knowing that heavy batteries were not the answer for greener large 4X4 models.
So now Ineos has signed a deal with Hyundai to develop its hydrogen technology.
Ratcliffe’s Ineos business produces 300,000 tons of hydrogen a year, and Hyundai already have a hydrogen fuel cell car on sale – the Nexo SUV model – so the alliance makes a lot of sense.
The Grenadier was conceived by Ratcliffe, in the Grenadier Pub in London’s Belgravia, to fill a ‘gap in the market’ that has been abandoned, he says, by Land Rover and its new Defender SUV.
The billionaire says there’s great demand for a rugged, stripped back, hard-working 4X4 capable of going anywhere.
Expected to cost between £30,000 and £45,000, Ineos plans production from the end of 2021, on sale from early 2022, ramping up to 25,000 annual sales.
For more information on the benefits of Hydrogen fuel click here…