Volkswagen-backed Scout Motors launched its first electric vehicles and announced plans to include extended-range electric vehicles. Scout’s CEO Scott Keogh stated EREVs aim to ease EV market entry by combining electric motors with a combustion engine backup, which powers EV functions when batteries drain. The full-size pickup and large SUV promise over 500 miles of range for EREVs versus 300 miles for EVs. Production starts in 2027 at Scout’s $2 billion South Carolina facility, with a goal to achieve operational profitability within a year.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Volkswagen-backed Scout Motors launched its first electric vehicles and announced plans
00:06to include extended-range electric vehicles.
00:09Scout CEO Scott Keough stated EREVs aim to ease EV market entry by combining electric
00:15motors with a combustion engine backup, which powers EV functions when batteries drain.
00:20The full-size pickup and large SUV promise over 500 miles of range for EREVs versus 300
00:26miles for EVs.
00:28Construction starts in 2027 at Scout's $2 billion South Carolina facility, with a goal
00:33to achieve operational profitability within a year.
00:36For all things money, visit Benzinga.com slash GSTV.