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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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Elon Musk shares details on X vs. Brazil conflict

Teslarati

Elon Musk shared a few details about the ongoing conflict between his X social media platform and Brazil. He supports regulations protecting people from harmful content and misinformation in Brazil. This judge has applied massive fines, threatened to arrest our employees, and cut off access to Brazil.

Brazil 114
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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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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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BYD leads EV sales surge in Brazil with affordable electric cars

Electrek

After launching its low-cost Seagull EV (Dolphin Mini) in Brazil, starting at around $20,000 (99,800 BRL), BYD is leading the EV sales surge in the country. China’s leading automaker, BYD , is aggressively expanding overseas. However, with a new import tax looming, can the Chinese EV maker continue the momentum?

Brazil 144
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BMW Group is electrifying Plant Araquari in Brazil

Electric Cars Report

The BMW Group is strengthening its involvement in Brazil by electrifying the Araquari plant. Following a record sales for electrified vehicles in Brazil last year, the BMW Group announced local production of the BMW X5, the very first premium plug-in hybrid model built in South America.

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