The BMW Group has secured a major order from INEOS Automotive Ltd. for the delivery of gasoline and diesel engines. The contract is a further important step in the BMW Group’s strategy to expand its business providing drivetrains to industrial customers.
The BMW TwinPower Turbo engines are destined for INEOS Automotive Ltd.’s new off-road vehicle project under a contract that foresees the delivery of a high-range five-digit number of engines. With this agreement, the BMW Group opens up additional sales channels and taps new growth potential.
The BMW Group operates a global sales and licensing business for its combustion engines, electric batteries and vehicle platforms as part of its dealings with clients inside and outside the car industry.
Both the development and production of engines belong to the core competencies of BMW Group and have characterized the German company since it was founded in 1916.
INEOS Automotive Ltd. was founded in 2016 by INEOS Group, a global manufacturer of chemical, oil and gas products.