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Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil

Green Car Congress

The Volkswagen brand aims to make significant gains in South America with a major product offensive. 4 are coming to Brazil As a fast-growing car market, South America is of strategic importance to Volkswagen. To this end, we are investing one billion euros in South America by 2026. and the ID.

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The launch of Power2Drive South America Exhibition and Conference 2024 – Charged EVs

Baua Electric

Electric vehicle trend picks up in Brazil The world of mobility is part of a system of tightly knit sectors: The key to powering our mobile lives is the smart combination of photovoltaics (PV), storage and e-mobility. In 2023 around 30 providers of products from the e-mobility sector are expected to exhibit at The smarter E South America.

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GM Creates New South America Regional Organization

Green Car Congress

General Motors is creating a new regional organization to meet rising customer demand in South America. GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. GM South America currently has 29,000 employees.

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Ford increasing production of popular electric, gasoline and hybrid vehicles

Green Car Congress

Ford is boosting production in the US of its popular EVs—Mustang Mach-E®, F-150 Lightning and E-Transit—along with other customer favorites such as Bronco Sport and Maverick. Ford F-Series is America’s best-selling truck for 46 consecutive years DEARBORN, Mich., March 3, 2023 – Through February, Ford was America’s No.

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BASF to concentrate plant biotechnology activities on main markets in North and South America

Green Car Congress

Citing a lack of acceptance for plant technology in many parts of Europe, BASF announced that it is concentrating its plant biotechnology activities on the main markets in North and South America. Development and commercialization of all products targeted solely at cultivation in the European market will be halted.

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POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in South Korea. Earlier post.)

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Volkswagen aims to grow 40% in S. America through EV subscriptions

Teslarati

Volkswagen aims to grow by 40% in South America through electric vehicle (EV) subscriptions and launches. The German automaker plans to target Brazil, which it claims is South America’s largest market. “As As a fast-growing car market, South America is of strategic importance to Volkswagen.

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