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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. By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. Before the end of 2023, the company is bringing its first fully electric models to Brazil: the Volkswagen ID.4. and the ID. and the ID.

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Volvo Group and Pilot Company to partner for charging network in North America

Green Car Congress

The Volvo Group and North American-based Pilot Company have signed a Letter of Intent for the development of public, high-performing charging infrastructure for medium- and heavy-duty electric vehicles.

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SAF company DG Fuels closes investments with two Japanese companies

Green Car Congress

DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. The Louisiana SAF facility will be the template for multiple other such facilities to be built across North America, Europe and Asia.

Companies 370
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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

America 397
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Uranium Energy Corp completes acquisition of Uranium One Americas; largest uranium mining company in US

Green Car Congress

UEC) recently acquired all of the issued and outstanding shares of Uranium One Americas (U1A), Inc. Other highlights of the acquisition include the following: Largest US uranium mining company. Positions UEC, a US corporation headquartered in Texas, as the largest American uranium mining company. Uranium Energy Corp.

Wyoming 435
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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
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Goodyear introduces Powerload OTR tire lineup to N America; electric drive ready

Green Car Congress

The Goodyear Tire & Rubber Company introduced the Powerload lineup to the North America construction, loading, logistics support and landscaping markets.

America 259