Scout Motors Inc., the new US electric vehicle brand backed by Volkswagen AG, is seeking out low-cost battery technology so it can reach mainstream buyers with the sport-utility vehicle it has coming in three years.
With American buyers balking at the high price of electric vehicles, Scout has been scouring battery sources for the most cost-efficient options as it prepares to build 200,000 SUVs and plug-in pickup trucks at a new $2 billion factory it broke ground on Thursday in South Carolina.
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