Categories: Electric Cars

Volkswagen partners up for Scout EV development with $492 million deal


Volkswagen has determined to work with one other automaker to assist develop its revived Scout electrical car (EV) model in Europe, with latest studies saying the corporate secured an order value round 450 million euros ($492 million).

Graz, Austria-based producer Magna Steyr will develop the 2 Volkswagen Scout EV fashions, based on a report from native media outlet Kleine Zeitung final week. The EV model will get each an electrical pickup and an SUV, and so they’re anticipated to be launched within the U.S. in early 2027, with sequence manufacturing for the automobiles anticipated to be prepared by the tip of 2026.

In keeping with the report, which cited a number of sources accustomed to the matter, Magna was initially purported to oversee meeting of the EVs within the U.S., though Volkswagen now plans to construct the car itself at an upcoming South Carolina plant.

South Carolina turns into battery hotbed with $1.6 billion in investments

The corporate will, nonetheless, produce the automobiles in Graz, and improvement is reportedly already underway there and within the U.S. Magna primarily builds off-road automobiles on the Graz manufacturing unit, together with the Mercedes-Benz G-Class. The Volkswagen order additionally represents the most important contract for improvement as of but.

Earlier this yr, Volkswagen stated that the electrical SUV can be priced round $40,000.

Within the press launch asserting the Scout lineup final Might, introduced it will discovered an unbiased firm to “design, engineer, and manufacture the pick-up and rugged SUV (R-SUV) section. The corporate later teased the upcoming re-brand as Scout Motors with the model’s personal web site, which you’ll see right here.

Volkswagen has embraced battery-electric automobiles (BEVs) over the previous few years. In September, the corporate introduced that its whole BEV deliveries had jumped 45 p.c worldwide yr over yr.

You possibly can see a number of of the Scout’s idea photos from the discharge under.

Credit score: Volkswagen

Credit score: Volkswagen

Credit score: Volkswagen

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Volkswagen companions up for Scout EV improvement with $492 million deal





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