Scout Motors has 212,000 vehicle reservations as $2 billion South Carolina plant nears completion

Summary

• Scout Motors has received approximately 212,000 reservations for its upcoming Terra pickup truck & Traveler SUV.
• The company is nearing completion of a $2 billion manufacturing plant in Blythewood, South Carolina, which is 85% complete with a $300 million supplier park under installation.
• Full production is expected to begin next year, with customer deliveries scheduled for 2028.
• CEO Scott Keogh anticipates reservations could double to over 400,000 before production starts, aiming for an order book of 12-to-18 months.
• Scout will offer vehicles as all-electric models & extended-range electric vehicles (EREVs) that include an engine as a backup generator.
• Approximately 87% of reservations are for EREV models & 75% are for SUVs.
• The company plans to launch with EREV models first, followed by all-electric versions, starting with mid-level models rather than high-priced ones.
• Initial reservations opened in October 2024 for the Terra & Traveler, which feature designs paying homage to the historic brand active from 1961 to 1980.
• The decision to include EREV variants resulted from slower-than-expected EV adoption & higher costs.