British carmaker INEOS Automotive Ltd. said Wednesday it will launch the Grenadier SUV in South Korea later this year after showcasing it to the public at the Seoul Mobility Show set to open late this month.
Ahead of the planned launch, INEOS Automotive unveiled its first model, the Grenadier, in Korea for the first time among Asian countries as it sees Korea as a growth market for more diverse recreational vehicles.
The four-wheel-drive Grenadier comes with BMW's B58 3.0-liter diesel engine, an eight-speed automatic transmission from German auto parts maker ZF Friedrichshafen AG, and axles from Carraro Axles, an Italy-based manufacturer of integrated transmission systems, the company said in a statement.
INEOS did not provide the prices of the Grenadier for the Korean market.
Chabot Motors imports the INEOS Grenadier for local sales in Korea and it is building a showroom in Seongsu, eastern Seoul.
In 1992, British billionaire Jim Ratcliffe established INEOS, now the world's fourth-largest chemical company. INEOS Automotive was founded in 2017 with a goal to build a proper off-road vehicle in the same mold as the original Land Rover Defender, which is no longer in production.
Source: Yonhap News Agency