VW to Invest $2B in New South Carolina Factory: Scout Brand Only

• VW is reintroducing the Scout brand of trucks and SUVs... all EV
• Will build new assembly factory in South Carolina at a cost of $2 Billion
• New factory is only for Scout brand, not any other VW vehicle

In a tweet Friday afternoon, paired by a press release from the South Carolina Governor's office, Volkswagen Group announced plans to invest $2 Billion to construct a new factory that is assigned to build all-electric trucks and SUVs under the recently revived Scout brand. The factory site will be in Blythewood, SC and will be home to 4,000 jobs when fully operational.

⚡ New e-car factory for the U.S. □□ #Scout Motors plans to produce electric pick-up trucks & rugged SUVs from 2026 in South Carolina □ □ $2B investment, 4,000 new jobs & more choices for our U.S. customers. □ Big part of growth program for North America. @SCGOV @henrymcmaster pic.twitter.com/PnjRhWjPWs

— Volkswagen Group (@VWGroup) March 3, 2023

Governor McMaster praised Scout Motors for choosing South Carolina as their production site and emphasized the positive impact the company's investment will have on the state's economy. The Governor also noted the potential for future growth and development in the electric vehicle industry.

“Scout Motors will provide thousands of South Carolinians with previously unimagined opportunities and prosperity for generations to come,” said Governor Henry McMaster. “The Palmetto State, with its rich history, superior people, and sterling automotive manufacturing reputation, is the perfect place to re-start this iconic American brand.”

Scout Motors CEO, John Smith, expressed his excitement about the new production site and the opportunity to create jobs in South Carolina. He also highlighted the state's business-friendly environment and strong workforce as factors that contributed to their decision.

“We’re honored to partner with South Carolina to usher in this new era for Scout,” said President and CEO of Scout Motors Scott Keogh. “Scout has been an American icon since introducing an SUV in 1960. It's the vehicle that took your family on a camping trip, that gave access to the great outdoors, and that showed up on the job site every morning. Today, we’re reimagining Scout’s original ingenuity and electrifying its future. We’re bringing the Scout spirit to South Carolina and it's going to be a hell of a ride.”

The new facility is expected to be operational by 2026 and will produce a range of electric vehicles, including pickup trucks and SUVs.