Your #1 source for auto industry news and content

Volkswagen to launch electric vehicle brand Cupra in U.S.

Volkswagen subsidiary Cupra plans to debut a lineup of electric vehicles in the U.S., starting with the Formentor crossover

Volkswagen’s Cupra brand will make its U.S. debut by the end of the decade, according to an announcement from Wayne Griffiths, CEO of both companies.

The Cupra was originally a model operated by SEAT, a Volkswagen subsidiary operating in the European and South American markets. In 2018, the car was spun off to become its own lineup of battery-powered vehicles, which the company is now looking to introduce to the U.S. During a March 21 SEAT media conference hosted in Spain, Griffiths explained, “We want to build on our outstanding success in overseas markets. But when we talk ‘global,’ when we say ‘bigger,’ we mean the United States of America.”

The first Cupra model Volkswagen will bring to the U.S. is the Formentor crossover, which will be followed up by a larger SUV. Although an exact timeline has yet to be confirmed, the Volkswagen does not plan on launching the brand nationwide but will focus on key states, primarily the coastal and Sun Belt markets. Rather than using a traditional franchise model, however, Griffiths added that the two models will be sold “through a new distribution model.” While he did not clarify what this means, he may be referring to a direct-to-consumer sales model similar to other electric vehicle brands like Tesla and Rivian.

European brands like Volkswagen have struggled to grow their presence in the U.S. Stellantis has seen its market share, profitability, and sales volume decline steadily in North America despite its strong global performance. Nevertheless, Cupra represents a chance to begin a fresh start, given its focus on electric vehicles only. While the battery-powered car market in the U.S. remains far behind that in other countries, it still represents a growth opportunity few other segments can match.

Stay up to date on exclusive content from CBT News by following us on Facebook, Twitter, Instagram and LinkedIn.

Don’t miss out! Subscribe to our free newsletter to receive all the latest news, insight and trends impacting the automotive industry.

CBT News is part of the JBF Business Media family.

spot_img
Colin Velez
Colin Velez
Colin Velez is a staff writer/reporter for CBT News. After obtaining his bachelor’s in Communication from Kennesaw State University in 2018, he kicked off his writing career by developing marketing and public relations material for various industries, including travel and fashion. Throughout the next four years, he developed a love for working with journalists and other content creators, and his passion eventually led him to his current position. Today, Colin writes news content and coordinates stories with auto-industry insiders and entrepreneurs throughout the U.S.

Related Articles

Latest Articles

From our Publishing Partners