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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. Before the end of 2023, the company is bringing its first fully electric models to Brazil: the Volkswagen 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

The company is expected to start production in the first quarter of 2026. billion) in the economy, contribute to the generation of 90,000 direct and indirect jobs and reduce CO 2 emissions by up to 80% with the replacement of fossil fuel, which will make the company one of the largest producers of renewable fuels in the world.

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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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ArcelorMittal Tubarão, Brazil first ResponsibleSteel steelmaking site in Latin America

Green Car Congress

The company manufactures flat steel products—primarily hot-rolled plates and coils—for both domestic and international markets. The initiative involves more than 40 members and associates, consisting of steel chain companies and civil society organizations around the world. ArcelorMittal Tubarão.

Brazil 259
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Brazil’s Aerotec to invest ~$5M in Li-S battery company OXIS Energy; expanding into Brazil

Green Car Congress

million) in Li-Sulfur battery company OXIS Energy. OXIS says that it has achieved 400 Wh/kg at the cell level; the company is targeting 500 Wh/kg for 2019. The fund is managed by Confrapar—a pioneer in the Brazilian Venture Capital and private equity market. Aerotec, a Brazilian Private Equity fund, will invest £3.75

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OXIS Energy to build Li-S manufacturing plant in Brazil

Green Car Congress

OXIS Energy and the Minas Gerais Development Company CODEMGE have signed a 15-year lease agreement with Mercedes Benz Brazil (MBB) to take possession of a plant located at the MBB manufacturing site in Juiz de Fora in southeast Brazil to build a Li-sulfur battery manufacturing operation.

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BYD will sell EVs in Brazil

Teslarati

BYD will begin selling two new EV models in Brazil in November. BYD Americas President Stella Li touched upon favorable political and environmental development in Brazil, which is Latin America’s largest vehicle market. The post BYD will sell EVs in Brazil appeared first on TESLARATI. Teslarati is now on TikTok.

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