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Volkswagen spends 450 million euros to jointly develop Scout electric model

2024-03-04 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com Volkswagen has decided to partner with other automakers to revive Scout as an electric vehicle in Europe.

Austrian Graz local media Kleine Zeitung reported that the company has received orders worth about 450 million euros (CTOnews.com note: currently about 3.515 billion yuan).

Graz-based Magna Steyr will reportedly be responsible for developing two Volkswagen Scout electric vehicles, including an electric pickup truck and an SUV, expected to hit the U.S. market in early 2027, with mass production scheduled to begin by the end of 2026.

The report quoted multiple sources familiar with the matter as saying that current development work has been carried out in Graz and the United States. Magna mainly produces off-road vehicles at its Graz plant, including the Mercedes-Benz G-Class, and this order is their largest development contract to date.

At a Scout press conference last May, Volkswagen said it would form an independent company to "design, engineer and manufacture pickup trucks and off-road SUVs," and named it Scout Motors.

Earlier this year, Volkswagen revealed that the electric SUV would cost around $40,000 (currently about 286,000 yuan).

▲ Photo source: Volkswagen

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