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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. Buzz and ID.4

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Tesla FSD in China could add $2.3 billion in annual earnings by 2030: Bank of America

Teslarati

Bank of America seems to be seeing the potential of Full Self Driving (FSD) for Tesla’s future in China. The China Association of Automobile Manufacturers also noted that Tesla has cleared data security and processing requirements in the country. Don’t hesitate to contact us with news tips.

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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Renewable Energy Efforts in North America.

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CCID Consulting estimates upsurge in aluminum for automobile bodies in China if technical breakthroughs in alloy performance and application technology are made

Green Car Congress

China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015.

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Schaeffler introducing 4in1 electric axles for EVs

Green Car Congress

In the future, Schaeffler will supply beam axles to automobile manufacturers, particularly in North America. Schaeffler has already secured its first orders for electric beam axles from automobile manufacturers. Schaeffler manufactures components for electric axles at several locations worldwide.

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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

In February 2024, Stellantis CEO Carlos Tavares hinted that Leapmotor’s technology could help the company competitively price electric vehicles to compete with China-made EVs in Europe, North America, and other markets. is a state-owned automobile manufacturer based in Wuhan, Hubei. Dongfeng Motors Corporation Ltd.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,