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Scout Motors has 212,000 reservations as $2 billion U.S. plant nears completion
CNBC • • general
Key Points:
- Scout Motors has secured approximately 212,000 reservations for its upcoming Terra pickup truck and Traveler SUV as it nears completion of a $2 billion plant in South Carolina, with production expected to start next year and deliveries in 2028.
- The company aims to convert early reservations into actual sales, targeting an order book of 12-to-18 months before production begins, and expects reservations could double by that time.
- Scout will offer both all-electric vehicles and extended-range electric vehicles (EREVs) that include a backup engine, with 87% of current reservations favoring EREVs and 75% for SUVs.
- The company plans to launch with EREVs and mid-level models first to maximize volume quickly, diverging from the industry trend of starting with high-priced models.
- Scout’s South Carolina plant is about 85% complete, with additional infrastructure and a $300 million supplier park under development; reservations opened in October 2024 alongside the vehicle reveals.
