Jeep has provided the first glimpse of its much-anticipated Grand Wagoneer SUV, which will enter the market later this year with a price tag that ranges from $86,995 to $111,000, depending on the configuration.

The SUV, which features three rows of seating, was unveiled online on Thursday.

The Grand Wagoneer SUV is a premium model of the more affordable Jeep Wagoneer, which has a starting price of $57,995. Unlike the Jeep Wagoneer counterpart, the Grand Wagoneer includes higher-end features apparent in the exterior, powertrain, and amenity offerings.

“Wagoneer and Grand Wagoneer are born from Jeep, but their character is different than the rest of the brand,” Jeep CEO Christian Meunier said during the media briefing (via CNBC). “They are modern and forward-looking. There is a pure DNA we’re building on to make these products absolutely unique.”

Powering the Grand Wagoneer is a standard equipped 6.4 L V8 engine that delivers 471 horsepower and 455 lb.-ft. of torque coupled with an eight-speed automatic transmission.

Jeep announced in January that all of its new vehicles would offer electrification in some form, but details on the alternative powertrain option on the Grand Wagoneer were not provided at the time of writing. However, Meunier did say there was a plan for electrifying the SUV, CNBC said.

The exterior of the Grand Wagoneer also retains the “Jeep” appeal while the interior integrates 75 inches of screens to stream videos, including Amazon’s Fire TV, navigation systems, and exterior cameras. High-end trims using Stain American Walnut wood, aluminum, and Nappa or Palermo leather seats were also incorporated.

“You can take this Grand Wagoneer interior up against anything in the marketplace,” Jim Morrison, head of Jeep’s North American operations, said during the event. “I’m not just saying any SUVs, you can take this up against anything in the marketplace.”

The Grand Wagoneer is expected to arrive at dealers in the second half of the year. Jeep is currently taking $500 refundable deposits to reserve the SUV on its website.

Jeep is a brand under the $52 billion merger between Fiat Chrysler and Groupe PSA to form automaker Stellantis (STLA). The automaker said earlier this year that it planned to offer an array of fully-electric or hybrid vehicles within its lineup through 2025. The company said it would have 39 EVs in its global portfolio of vehicles by the end of 2021.

Shares of Stellantis were trading at $18.26 as of 12:49 p.m. EST on Thursday, up 19 cents or 1.08%.

jeep A Jeep logo is pictured here. Photo: David Mdzinarishvili/Reuters

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