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Born again truck brand Scout Motors hit a significant milestone this morning, breaking ground in Blythewood, South Carolina, the site of its future US hub for electric truck production. We’re still a ways away from the public debut of Scout’s flagship model. Still, there’s a lot to be excited about, and the brand’s heritage is already garnering a loyal fanbase in full support of its all-electric transition.

Born again brand Scout Motors stems from a classic nameplate of off-road vehicles from the ’60s and ’70s built by International Harvester. While only about 530,000 Scout trucks were built during its 20-year production run, the early Jeep competitor… harvested a relatively small but passionate fanbase.

Today, it’s not difficult to find someone whose grandfather drove a Scout II or grew up seeing one around town – creating an impressive level of heritage and nostalgia for such a scarce fleet. Volkswagen Group is looking to capitalize off that heritage and revive the namesake for the modern, all-electric age.

In 2022, the Group confirmed it would revive the brand as an entirely electric marque that still delivers the rugged, off-road performance the original Scouts are still celebrated for. Following a recent partnership with Magna – no strangers to impressive electric performance on tough terrain, it’s clear that Scout Motors means business.

While we’ve only seen teaser renderings of Scout’s first two EV models in development, we know they will be built in the US. In March 2023, Scout and the Governor of South Carolina announced the Palmetto State would become the new home to the budding VW Group brand.

Scout has since expanded its US footprint in Novi, Michigan, where its electric trucks are currently being designed and developed, while a new Innovation Center is erected nearby. This morning, Scout officially broke ground on its South Carolina production facility ahead of an EV debut this year.

Build of Scout EV truck facilities now underway

Large trucks hummed in the background, leveling Blythewood, South Carolina’s iron-rich soil, as a crowd of local and state officials, media, and classic Scout enthusiasts gathered for the EV-centric automotive brand’s groundbreaking ceremony earlier today.

No shiny shovels, no hard hats, and no ceremonial digging – just a coming together of individuals from the automotive industry and South Carolina residents to join in the excitement for the opportunities the new facilities will provide.

As detailed above, Scout trucks are classic vehicles with a legacy, but the name, although noteworthy, was only its own brand once Volkswagen Group stepped in. Still, the legacy and constancy of the vehicles that led to today’s latest chapter are a massive part of Scout Motor’s company ethos.

For example, the land in Blythewood acquired by Scout was previously owned by the Swygert family, who lived there from 1961 to 2013. The red house that still sits on the property (seen above) was built by David Swygert, and the Scout team intends to keep it there.

The original Scout trucks from International Harvester were built in Fort Wayne, Indiana. So to pay homage to its roots in off-road builds, Scout Motors organized a cross-country rally of owners of the classic vehicles to transport a brick from the original plant to South Carolina to be part of the upcoming construction, with plenty of stops through mud, water, and rocky terrain along the way.

When construction is complete and at total efficiency, Scout expects the new facility to produce 200,000+ electric trucks per year – operating 40 EV jobs per hour. Being an all-electric brand, Scout’s Chief Production Officer, Dr. Jan Spies, says the company will rely on green energy alternatives to reach carbon neutrality while reducing key inhibitors such as energy and water usage.

Scout will debut two bespoke EVs this summer

Following the groundbreaking ceremony, the media got to sit down with Scout Motors President and CEO Scott Keogh to discuss the future of the young all-electric brand. From the get-go, Keogh expressed the advantage Scout Motors has as a clean slate that already has momentum in heritage, backed by the purchasing and production expertise of Volkswagen Group.

That said, Scout intends to do its own thing when it comes to EV development and design. Dr. Spies told us that the platform technology Scout’s first two trucks will sit atop is “not a twin, daughter, or brother” to any of the platforms currently used in the larger VW Group.

Spies said this bespoke platform gives Scout an advantage in terms of development speed and offers a beautiful opportunity to deliver a unique car for its environment. Keogh shared similar intentions when speaking to the young brand’s potential in the US market:

That’s what Scout does. It gives you a brand with credibility, it gives you the name with the character, and it allows us to plunge into the two biggest profit pools in America (pickups and SUVs). That’s the strategic intent, and that’s exactly what we’re executing.

I think the smart thing, though, is to structure the company with a clean slate as a startup, so you’re not inheriting the legacy challenges. A company which the (Volkswagen) Group is, of 660,000 employees is going to have a whole different series of systems and processes than a startup that right now has 350 employees. So I think that was the genius of this thing. It’s allowing us to execute at a good pace and good speed as opposed to always following the prescribed path.

Keogh sees Scout’s electric trucks as something other than a brand for one particular audience. We’ve been assured they’re badass and “robust,” designed to tackle the elements and stay true to the legacy of trucks that inspired it. The CEO imagines Scout’s image to become something similar to Levi’s as a “cool, iconic American brand.” They can be worn out to a nice sushi dinner in Malibu and on the dirt paths of a construction site.

That being said, if you think the Volkswagen Group sub-brand is just reviving a popular name from the ’70s, polishing it up, and electrifying it for consumers to get groceries in, that’s not the goal. Keogh elaborated:

In terms of our competitors, I think in my mind we want to make what we would call sort of a tribe community type of vehicle. Not a mainstream ‘just another SUV.’ Who has done a great job of this to give credit? I think certainly Bronco has done a good job of this, I think at the higher-end Defender has done a fantastic job of this; Wrangler obviously has its thing. So, the part will have a point of view but it’s definitely going to be more in the camp of ‘we’re not building something to navigate the strip malls of America,’ were building something like, ‘navigate America.’ So I think it’s going to be a community, cool oriented car.

Keogh relayed that the final design of its first two trucks is super close, with the engineering of the EVs not far behind. The young automaker intends to unveil both models this summer but told us production will require some cadence while the plant continues to scale. Which model will be built first has yet to be determined… or at least made public.

Scout will acquire battery cells from an outside supplier but intends to assemble its own modules in-house at the South Carolina facility. The company is still determining the most effective sales strategy for Scout Brand trucks and continues to explore all options.

We will learn more as the official debut of Scout’s first two electric trucks approaches in Q3. Stay tuned. Want to see more? Here’s Scout’s animated rendering of the incoming US facility:

Source: Scout Motors

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Here’s what to expect when Lectric XP 4.0 e-bike becomes next best-seller in the US

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Here's what to expect when Lectric XP 4.0 e-bike becomes next best-seller in the US

Lectric Ebikes has long set the standard for other companies to follow in the budget electric bicycle space, continuously rolling out new models that offer never-before-seen value. A new cargo e-bike with more features? They did it. A new off-roader with better components? They did that, too. But what about the company’s best-selling model, the Lectric XP 3.0 folding fat tire e-bike? It’s due for an update, and here’s what you can expect.

Believe it or not, it’s been over two years since the Lectric XP 3.0 was launched in early November 2022. That model has since dominated the industry, giving riders with an under $1,000 budget better bang-for-their-buck than ever before as it rose to the top of the US bestselling e-bikes list.

With 28 mph (45 km/h) speeds, hydraulic disc brakes, suspension, built-in rear rack, heavy-duty cargo/passenger capabilities, and multiple battery sizes, it’s become the go-to $999 electric bike for thousands of new riders every month. It’s even a personal favorite of mine. I’ve put my family members on XP 3.0s, I’ve bought multiple XP 3.0s to donate to the underprivileged, and it’s the model I chose when I went undercover as a food delivery worker to see the world through e-bike couriers’ eyes.

But nothing lasts forever, and two years is a long time in the electric bicycle industry. We don’t yet know quite when a Lectric XP 4.0 will come to replace the US’ current best-selling electric bike model, but you’d better believe that Lectric’s designers in Phoenix have been whiteboarding ideas for a while now. And I’d bet dollars to donuts that these are some of those ideas.

Upgrades in component quality

With every new launch this year, we’ve watched Lectric eBikes flex its purchasing power by bringing us higher quality components than we deserve at these price levels. The XPeak routinely gets oddly high-tier forks. The Lectric One received a transmission that probably costs as much as the whole bike if you were to try to buy it retail. And the Lectric XP Lite 2.0 offers a Gates belt drive for under $900. This is all absurd, or at least it used to be until Lectric started waving its wallet around at the offices of higher-end component makers that aren’t used to seeing customers in this affordable price range.

That means the Lectric XP 4.0 is likely to benefit from that same purchasing power. I can foresee major upgrades including a higher-end suspension fork, better hydraulic disc brakes, and likely even a torque sensor for improved pedal assist. I don’t imagine the derailleur will make a huge jump in quality (maybe just an 8-speed Shimano Tourney?), but a color screen is likely in the cards, as are nicer bolt-on grips and other comfort enhancements. We may even see better suspension seat posts and nicer tires.

But for the love of all things holy in this world, if those do-gooders on Utopia Rd even think about touching that right side half-twist throttle, then by the beard of Zeus we’re going to have words…

Touch my half-twist and I’ll come for you…

More power?

There’s a real chance that the XP 4.0 could be more powerful, especially since Lectric has become quite fond of its M24 electric motor, which has graced models like the XPeak 2.0 and XPedition 2.0. That 750W motor puts out just over 1,300W of actual electrical power, due in no small part to Lectric’s assistance on using higher current electronic speed controllers than most of its competitors.

In fact, the Lectric XP 3.0 is probably the most powerful “500W” e-bike around right now, but that doesn’t mean it will always remain in the five hundred club.

A power increase isn’t a given, and Lectric may still reserve that higher-power motor for its more premium models. After all, they can’t just give us all the good stuff at such a low price. Or can they?

No price change

Speaking of price change, I find it incredibly hard to believe that the XP 4.0 would launch at anything other than US $999. Lectric has only ever changed the price of this model once, increasing it from the original $899 of the XP 1.0 to the $999 of the XP 2.0. Ever since, they’ve steered clear of price increases on the XP line.

Lectric’s Co-founder and CEO Levi Conlow recently explained at the Micromobility America 2024 conference that whenever the company’s increasing efficiency causes the margins to creep “too high” (a foreign concept to most brands), they either lower the price or release a new version of the bike with more features. And so that’s likely exactly what the 4.0 will prove to be – another $999 e-bike, but this time with even more features.

Design and build

I don’t expect we’ll see any huge design changes to the structure of the bike. Sure, there will be a new frame. But I expect the company to retain the same boxy tube structure they’ve used ever since the brand’s first XP bike rolled out in late 2019. They even use it on their XPedition cargo bike despite there being no real reason for it (the batteries aren’t housed inside the frame) other than design continuity with the Lite, XP, and XP Trike lines.

What we are likely to see in the design department are minor updates for improved strength and ruggedness. Lectric has been investing more heavily in third-party certifications, including both structural frame testing and electronic certifications like UL compliance. That’s likely to continue with the XP 4.0, meaning we could see improved certification indicating even more confidence in the bike’s ability to haul cargo and passengers.

The color scheme is unlikely to change heavily. Black and white have been the XP’s MO for years now, and even that’s an improvement from when they were only available in white. We’ve of course seen splashes of Lectric’s blue accent color on most of the brand’s models, and the XP 4.0 is unlikely to be different in that regard. But expect it to be more along the lines of the new XPedition 2.0’s color swatch design, not a radical color departure.

lectric xp change battery

Fancy features?

This one is a bit of a wild card, and I don’t expect Lectric to go overly nuts with fancy features. I don’t think we’re going to be getting any crazy phone apps or wireless charging through the kickstand anytime soon. But we just might see the inclusion of value-added features like tracking for anti-theft.

This could be done fairly easily through the use of existing technology like the Apple FindMy network – something that Lectric’s competitor Velotric has leveraged beautifully. Such a feature would likely add little cost but could be of major value. In fact, I recently tried to plant that exact bug in Lectric Co-founder Robby Deziel’s ear. Robby has been wrist-deep in the design of these e-bikes since as early as 2019, when he personally helped me with the wiring on one of the first Lectric XPs ever. So let’s see if he listens on the integrated tracker idea.

Do it. It’s not like you guys haven’t looked left and right for ideas before

When is the Lectric XP 4.0 coming?

I pride myself in having a bit of a crystal ball for the electric bike industry, but even I have no idea when Lectric is planning on releasing the XP 4.0. From everything I can gather, it’s not imminent.

I may have teased you with all the cool things Lectric could do on XP 4.0, but I don’t think we’ll be seeing any of those updates anytime soon.

Suffice it to say that if you’ve been wanting to join in on the XP fun and somehow you’re one of the few Americans who doesn’t yet have an XP 3.0, that’s still a killer e-bike for an amazing $999 price. One day the XP 4.0 will likely make us all “ooh” and “ahh” again, but it doesn’t appear to be in the cards yet.

micah toll lectric xp 3.0
I’m ride or die with my XP 3.0, at least until there’s a 4.0!

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Hyundai doesn’t care what Trump does, California does it anyway, big Texas solar

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Hyundai doesn't care what Trump does, California does it anyway, big Texas solar

On today’s episode of Quick Charge, Hyundai doesn’t care if incoming President Trump kills the $7,500 Federal EV tax credit, California’s planning to offer an EV tax credit of their own, and there’s a massive new solar project in Texas prairie land.

We’ve also got Tesla hoping to meet its Q4 sales goals by throwing all the EV demand levers in China while, at the same time, looking to hire remote drivers for its so-called “autonomous” robotaxis.

Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations sitewide. Learn more by clicking here.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

Read more: E-quipment highlight | Palfinger FLS 25 eDRIVE truck mounted forklift.

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Banana auction billionaire’s $30 million investment in Trump’s crypto token highlights new ways to enrich president-elect

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Banana auction billionaire's  million investment in Trump's crypto token highlights new ways to enrich president-elect

Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020.

Calvin Sit | Bloomberg | Getty Images

Tron blockchain founder Justin Sun has invested $30 million into Donald Trump’s crypto project, World Liberty Financial, he announced Monday.

“We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor,” Sun wrote in a post on X.

Sun recently made national headlines when he spent $6.2 million at a Sotheby’s auction for a banana duct-taped to a wall.

World Liberty Financial, the Trump-branded crypto platform, aspires to be a sort of digital asset bank, where customers will be encouraged to borrow, lend and invest in digital coins. 

Trump has licensed his name and promotional considerations to the venture through an LLC, with no assumption of liability. In exchange, Trump’s LLC received billions of tokens and the right to 75% of revenues above a $30 million threshold.

The platform launched a WLFI token last month, and said in a roadmap that it was looking to raise $300 million at a $1.5 billion valuation in its initial sale. 

Before Sun’s investment, $21.2 million worth of the token had been sold. As of Monday afternoon, $51.2 million worth of the token had been sold, according to its website. Sales now appear to have crossed the $30 million threshold to trigger revenue distribution to Trump’s LLC.

“The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump ! TRON is committed to making America great again and leading innovation. Let’s go!” added Sun.

WLFI co-founder Zachary Folkman has said “well over 100,000 people” are on the whitelist to invest in the token. But as of Monday afternoon, only about 20,400 unique wallet addresses hold the token, according to blockchain data tracked by Etherscan, representing roughly 20% of the total number of people who registered.

“There have been a number of similarly significant purchases in recent weeks, and we are confident about future success and building out something that helps to make finance freer and fairer,” Folkman said in a statement. “We expect more such developments to happen in the coming weeks and months.”

Duct tape banana sells for $6.2 million

While Trump does not take office until January, Sun’s investment in WLFI, and the revenue it appears to direct to Trump’s LLC under the terms disclosed, highlights the way Trump’s newer business ventures, like his social media company Trump Media Technology Group and this crypto venture, could offer more direct opportunities for individuals to enrich the president-elect than Trump’s hotels and office buildings did.

During Trump’s first term in office, there were near constant questions about whether foreign governments’ lavish spending on rooms and banquets at Trump’s Washington, D.C. hotel amounted to violations of the Constitution’s “emoluments clause.”

The clause bars federal office holders from accepting payments or things of value from foreign governments and their representatives.

But Trump’s hotel rooms and office space have relatively fixed prices, and costs that cut into total profits.

By contrast, the investors in Trump’s newer ventures — as demonstrated by Sun’s token purchase — can inject tens of millions of dollars, instantly, with little to no cost to Trump.

Spokespeople for the Trump presidential transition, World Liberty Financial and Sun’s Tron did not immediately reply to requests for comment.

Sun’s purchase comes as Trump actively works to assemble his list of appointees. The president-elect wrapped up cabinet appointments over the weekend and has since moved on to other agency and department leaders.

How crypto and fintech may perform under the second Trump administration

Coinbase CEO Brian Armstrong reportedly met with Trump to discuss appointments on Nov. 18. Within a day, conversations swirled about the potential for Trump to create the White House’s first crypto czar.

By the end of the week, longtime crypto foe and SEC chairman Gary Gensler, whose term doesn’t expire until June 2026, announced he would be retiring on Inauguration Day.

Trump has yet to select a nominee to lead the SEC in Gensler’s place. Under new leadership, the securities regulator could choose to drop some of its enforcement actions against major crypto ventures. It’s unclear how Tron’s case could be impacted.

In March 2023, the commission unveiled fraud and unregistered securities charges against Sun, alongside separate violations against the celebrity backers of his Tronix and BitTorrent crypto assets, which included Jake Paul, Lindsay Lohan and Soulja Boy.

The SEC alleged that Sun engaged in fraud by manipulating the trading activity of the two tokens, creating the appearance of active trading when it did not exist. The unregistered offer and sale charges, on the other hand, are similar to charges the SEC has unveiled against other crypto offerings and exchanges, including Genesis, Gemini, Coinbase, Binance, and Kraken.

The crypto industry showed up in force this election cycle. Several notable sector leaders including Gemini co-founders Tyler and Cameron Winklevoss, as well as multiple C-suite executives from crypto firms battling the SEC, donated to PACs supporting the Trump campaign.

Trump’s coin sale misses targets as crypto project’s website crashes

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