LONDON ― Ineos, the producer of petrochemicals and fledgling carmaker, said on Wednesday that it was pausing the launch of its first electric vehicles (EVs), citing "reluctant consumer uptake" as a key reason.
The decision by the group, owned by British billionaire and Manchester United stakeholder Jim Ratcliffe, comes less than five months after it announced plans to start producing Ineos Fusilier EV models in 2027.
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