00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Volkswagen-backed Scout Motors has received roughly 212,000 reservations for its upcoming
00:08electric vehicles as construction of its $2 billion South Carolina plant nears completion,
00:14according to CNBC. CEO Scott Keogh told CNBC reservations could exceed 400,000 before
00:21production begins next year. About 87% of reservations are for extended-range electric
00:27vehicles, which use backup gasoline generators, while 75% are for SUVs. Scout plans to launch its
00:35extended-range models first, followed by fully electric versions. The company also intends to
00:40introduce mid-priced models before higher-priced versions to build sales volume. Scout's plant is
00:46approximately 85% complete, with customer deliveries expected to begin in 2028. Keogh emphasized converting
00:54reservations into actual sales. For all things money, visit Benzinga.com.
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