Volkswagen is about to launch an EV off-roading brand in the United States called Scout.
Scout will produce an all-electric pickup truck, and a rugged off-road SUV meant for the US market.
According to Tech Crunch, the company’s supervisory board will vote on the proposal sometime today on May 11.
The Scout brand will amplify VW’s presence in the US market.
However, in an interesting move, the pickup truck will not be a full-size like the F-150 Lightning, Rivian R1T or Chevrolet Silverado.
Instead, the pickup will be a C-segment truck which is more in size than the Ford Maverick.
VW is naming the brand after the International Harvester Scout, which came on the market in the early 1960s.
VW will invest a first tranche of $100 million to create the new spin-off. This will provide enough capital to create the structure of the company, set up management and bring some employees on board. VW will then invest more later on. Also, VW did not rule out investment from external sources, including institutional investors.
According to the sources, VW will begin producing the two EVs by 2026.
However, VW has yet to launch the brand or confirm that it is happening officially.
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Source: TechCrunch
