article thumbnail

Volkswagen investing €560M in Argentina plant for new MQB-based SUV

Green Car Congress

Volkswagen is investing some €560 million (US$652 million) over the next five years in the production of a new MQB-based SUV in Pacheco, Argentina. From 2020, the plant will deliver the new model built in Argentina to the entire South American continent. Key drivers behind this positive development are Brazil and Argentina.

Argentina 150
article thumbnail

Ford builds 150,000th Mustang Mach-E; on sale in 37 countries

Green Car Congress

Starting in fall 2022, Premium models built with the Extended Range battery offer a targeted EPA-estimated range of 290 miles on all-wheel drive models, up 13 miles. New Zealand, Brazil and Argentina are among the latest markets added to the Mustang Mach-E stable.

Ford 448
article thumbnail

Incat Tasmania selects Wärtsilä solutions for battery-electric lightweight Ro-Pax ferry

Green Car Congress

The vessel will operate between Argentina and Uruguay. The uniquely designed vessel will be fully battery powered, with e-motor driven Wärtsilä waterjets as the main propulsors. The battery modules and energy storage system package is four times larger than on any electric/hybrid ship currently operating.

Uruguay 360
article thumbnail

Allkem and Livent to merge to create $10.6B lithium producer, one of world’s largest

Green Car Congress

The merger will create a leading global lithium chemicals producer that will target large automotive companies and look to accelerate supply growth in Canada and Argentina. Livent has nearly eight decades of experience producing a diverse range of lithium chemicals for energy storage and other specialty applications. billion (A$15.7

Argentina 284
article thumbnail

Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.

Argentina 195
article thumbnail

POSCO acquires silicon anode startup Tera Technos

Green Car Congress

In June, POSCO signed a memorandum of understanding with SK On to strengthen collaboration across the entire battery value chain, ranging from secondary battery materials such as lithium, nickel, and cobalt to cathode and anode materials and battery recycling. POSCO Holdings broke ground for a lithium production plant in Argentina in March.

article thumbnail

Lilium and Livent to collaborate on R&D for high-performance Li-metal batteries

Green Car Congress

As a fully integrated lithium producer, Livent uses its differentiated technology processes to both source raw lithium and manufacture a range of specialty lithium products. Livent supplies lithium to many of the world’s premier electric vehicle brands and battery makers.

Argentina 199