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Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil

Green Car Congress

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. 4 are coming to Brazil As a fast-growing car market, South America is of strategic importance to Volkswagen. and the ID. Buzz and ID.4

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Acelen to invest $2.44 billion over 10 years to produce renewable diesel and SAF in Brazil

Green Car Congress

Inaugurated in 1950, RLAM was the first refinery in Brazil. It is currently the second-largest in Brazil, with the highest installed capacity for production of gasoline, diesel and other oil derivatives in the country’s North and Northeast.

Brazil 296
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Octillion becomes official battery supplier for FNM electric trucks in Brazil

Green Car Congress

Li-ion battery provider Octillion Power Systems is working with the reborn FNM (now Fábrica Nacional de Mobilidades) in Brazil to produce battery-electric trucks; FNM has selected Octillion as the official battery supplier for the coming lineup. FNM was founded in 1942 and was the first truck manufacturer in Brazil.

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Lilium intends to enter $1B alliance with Azul airlines for electric aviation in Brazil; partnership with CUSTOMCELLS

Green Car Congress

Combining Azul’s deep knowledge of the Brazilian market with Lilium’s eVTOL aircraft platform, the companies plan to negotiate the terms for the establishment of a co-branded network in Brazil. In July, Lilium announced a partnership with CUSTOMCELLS, the German manufacturer of customer specific lithium-ion battery cells.

Brazil 397
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

Green Car Congress

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. After the United States, EIA expects liquid fuels production to increase the most in the non-OPEC countries of Brazil and Canada.

Brazil 259
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Toyota unveiles flexible fuel hybrid prototype in Brazil

Green Car Congress

Toyota unveiled a prototype hybrid flexible-fuel vehicle (Hybrid FFV) during an event Toyota held São Paulo, Brazil. The Hybrid FFV is a new powertrain system that Toyota is developing with an aim to popularize hybrid electric vehicles in Brazil and to contribute to the environment through reduction of CO 2 emissions.

Brazil 301