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Reading: Volkswagen’s Cupra to penetrate the US market with two new EVs by the decade’s end
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EV-a2z > News > Volkswagen’s Cupra to penetrate the US market with two new EVs by the decade’s end
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Volkswagen’s Cupra to penetrate the US market with two new EVs by the decade’s end

EV-a2zm
Last updated: 2024/03/28 at 1:11 AM
EV-a2zm Published March 27, 2024 3 Min Read
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Volkswagen AG is a German automotive manufacturing company
Volkswagen AG is a German automotive manufacturing company
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Volkswagen Group-owned auto brand Cupra confirmed plans to compete in the United States electric vehicle market, starting with two new electric SUVs by the end of the decade.

Contents
Cupra to launch Formentor EV and a new e-SUV in the USAbout Cupra

“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.”

Cupra Chief Executive Wayne Griffiths

#Cupra VW Group's Cupra to enter US as EV brand https://t.co/HyoGIACGU3 pic.twitter.com/GI1ctCUfDb

— Flyin18T Motorsports (@Flyin18T) March 21, 2024

Cupra to launch Formentor EV and a new e-SUV in the US

According to Motor Authority, Cupra Chief Executive Wayne Griffiths announced the company’s US entry plans during a presentation for last year’s financial results.

Spanish performance marque Cupra will enter the U.S. by the end of the decade starting with a pair of SUVs. https://t.co/5Rbs663Dv9

— MotorAuthority (@motorauthority) March 21, 2024

Cupra plans to kick off its US expansion strategy in select states on the East and West Coasts and along the Sun Belt. 

CEO Griffiths announced that at least two new electric vehicle models will hit the US market soon, including an electric counterpart of the compact crossover Formentor and a larger electric SUV that will undergo production in North America.

The next Cupra Formentor is set to switch to EV power as part of the firm's US market expansion, with the model set to become its "single most important car" https://t.co/LlD9hx9EES pic.twitter.com/mUA0seab7D

— Autocar (@autocar) March 21, 2024

Interestingly, Cupra seems to be planning to follow Tesla’s footsteps with a potential direct sales model. As per the report, CEO Griffiths shared that the brand’s offerings will sell in the US via a “new distribution model.” However, it may also adopt a subscription model if not direct sales.

“By the end of the decade CUPRA will be entering the US market. We plan to launch with the battery electric version of the Formentor and a bigger electric crossover SUV. That crossover SUV will be produced at Volkswagen Group factories in the North America region, including Mexico. Initially, CUPRA will launch in selected states in the East and West coasts and the Sun Belt states. This will be done through a new distribution model.”

Cupra Chief Executive Wayne Griffiths

About Cupra

Cupra was initially a performance sub-brand of Volkswagen Group’s Spanish brand SEAT. In 2018, its parent company made it a separate automotive brand with a lineup of sporty, appealing cars with striking designs.

It has also recently started joining the shift to clean mobility, adding new electric vehicle models to its portfolio. Impressively, it even built its own team in the Extreme E electric off-road racing series.

➡️🇪🇸 #CUPRA and Extreme E

▪️ The ABT CUPRA XE team is preparing for the Extreme E Racing Series, the off-road electric car competition
▪️ CUPRA driver Mattias Ekström will partner with Germany's Claudia Hürtgen at the wheel of the e-CUPRA ABT XE1 pic.twitter.com/DWa0XZhqYz

— Maciej Smoleń 🚗Moto (@auto_moto_pl) December 18, 2020

Its operations are largely concentrated in the European market. However, Cupra has also penetrated several international markets, such as Mexico and other Latin American nations. 

In 2023, its vehicle deliveries reached a total of 230,739 units. It represents a new record for Cupra’s deliveries and a 50.9% increase compared to the prior year.

Cupra’s imminent launch in the US market will undoubtedly further boost its electric vehicle sales and deliveries in the coming years, especially considering its apparent focus on SUVs, which American customers love.

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TAGGED: Cupra, Electric Vehicle, EV, USA, Volkswagen
EV-a2zm March 28, 2024 March 28, 2024
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