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

Green Car Congress

Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. The subsequent production of lithium hydroxide will take place in South Korea. Earlier post.) POSCO developed its own extraction technology for lithium in 2010.

Argentina 369
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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

Green Car Congress

Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing.

Auto 243
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Octillion to supply high-density batteries to FNM for 1,000 electric trucks for beverage maker Ambev

Green Car Congress

Battery maker Octillion Power Systems will supply advanced lithium-ion batteries to Brazilian manufacturer FNM (Fábrica Nacional de Mobilidades) for the production of 1,000 electric trucks for beverage maker Ambev. Ambev will use the electric trucks to deliver beverages throughout South America.

Supplies 393
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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.

F-150 170
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MAN Truck & Bus will offer an eBus chassis for the global market; NMC and LFP battery options

Green Car Congress

First prototypes are to be delivered as early as 2023, series production is slated to start in 2024. We are relying on our long-standing partnerships and are working intensively with our global network of bodybuilders so that we can also serve markets in Asia, Africa, South America, Australia and New Zealand in the best possible way.

Global 221
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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). EnergyX also recently signed an agreement with MOBI LATAM, a Bolivian electric micro-mobility startup to build battery swap stations using EnergyX’s SoLiS technology.

Global 199