A rugged SUV and pickup truck might be in manufacturing within the US by 2026
VW Group is on the precipice of launching a brand new devoted EV firm in america known as Scout that can produce an all-electric pickup and a rugged off-roading SUV geared in direction of the American shopper.
The corporate’s supervisory board, which is chaired by Hans Dieter Pötsch, will vote on the matter Might 11, sources conversant in the corporate’s plans informed TechCrunch.
If authorized, the measure will amplify VW’s presence within the U.S., a market the place a number of different automakers, together with Ford, GM, Tesla and newcomer Rivian, both plan to, or already are, producing electrical pickup vans.
The brand new model, named after the enduring Worldwide Harvester Scout that got here to market within the early Nineteen Sixties, would start producing the 2 EVs by 2026, in keeping with sources who requested to not be named as a result of they’re not licensed to speak publicly in regards to the proposal.
VW intends to make an preliminary $100 million funding in spinning up the brand new firm with extra funding to comply with, in keeping with sources. It’s doable that future funding may come from exterior sources and is probably not restricted to institutional buyers, in keeping with sources. That would open the door to personal fairness or people to fund such an effort.
The Scout model may assist VW Group CEO Herbert Diess hit a few formidable targets. VW is aiming to turn into the most important world vendor of EVs by 2025 and to double its market share within the U.S. to 10% by the tip of the last decade.
VW has different plans to spice up its market share within the U.S., together with bringing a long-wheelbase passenger mannequin of its electrical ID Buzz to North America market in 2024. Nevertheless, creating a wholly new unit indicators VW’s need to faucet right into a market that languished for the corporate for years till the all-electric ID. 4 arrived in 2021.
Hypothesis that VW would possibly resurrect Scout as an EV off-roader first cropped up in fall 2021 after Volkswagen Group of America Chief Working Officer Johan De Nysschen introduced up the concept throughout a dialog with media. VW gained the naming rights to Scout after its business trucking unit Traton merged in summer season 2021 with Navistar.
On the time, the COO envisioned a Rivian-like SUV that may be priced at $40,000 — a steep low cost from the precise Rivian R1S SUV. A rendering shared with TechCrunch reveals two proposed designs for the SUV and pickup that mixes the previous basic Scout with some sprinkles of Rivian’s aesthetic.
Notably, Scout may have its personal underlying platform designed for off-road, greater clearance automobiles, in keeping with sources.
It’s unclear the place Scout will likely be positioned or the place the automobiles will likely be assembled. It will be uncommon for an impartial model to arrange store at VW’s Chattanooga plant, notably contemplating these new automobiles won’t be constructed off of VW’s modular electrical drive package, or MEB, platform.
The MEB, is versatile modular system — actually a matrix of widespread components — that VW Group manufacturers together with Audi, Seat, Skoda and Volkswagen use to enhance the effectivity and cost-effectiveness of manufacturing electrical automobiles. About 30% of all electrical automobiles within the VW Group are already primarily based on the MEB, together with the Volkswagen ID.3, an electrical hatchback that’s solely bought in Europe and the Volkswagen ID.4 SUV and ID.5, together with varied variants of the Audi This autumn e-tron. By 2025, the automaker expects greater than 80%.
The Scout-branded automobiles will initially be constructed for the U.S. market, nevertheless the platform might be utilized by different manufacturers later and globally, sources stated.