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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. In total, the South American automotive market is expected to grow 11% a year until 2030, making it one of the fastest growing markets in the world. To this end, we are investing one billion euros in South America by 2026.

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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. A pilot plant was manufactured in South Korea in 2017 with a capacity of 2,500 tons / year of lithium; this was then brought to and installed in Argentina.

Argentina 369
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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. Earlier post.).

Supplies 393
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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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MAN Truck & Bus will offer an eBus chassis for the global market; NMC and LFP battery options

Green Car Congress

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. —Rudi Kuchta, Head of Business Unit Bus at MAN Truck & Bus.

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
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TWAICE and pepper partner for full battery transparency in retrofitted commercial vehicles

Green Car Congress

TWAICE’s analytics software will make the battery performance and lifetime of electrified powertrains transparent and thus more sustainable. This provides pepper customers with battery insights and enables optimal operation. The vehicles will be delivered primarily in Europe, North and South America. Analog Devices.