article thumbnail

Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

Green Car Congress

Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. They have a combined 2022 Adjusted EBITDA of $260 million. lb nickel for open pit; c.

Purchase 195
article thumbnail

Mitsui signs MOU with Atlas Lithium for up to 100% of production from Atlas’ planned concentrate plant

Green Car Congress

Atlas Lithium Corporation, a US-based mineral exploration company focused on lithium and other battery metals in Brazil, signed a Memorandum of Understanding (MOU) with Mitsui & Co., with respect to Mitsui’s potential interest in acquiring the right to purchase Atlas Lithium’s future lithium concentrate production.

Brazil 259
article thumbnail

Ipsos global study finds vehicle owners continue to show interest in self-driving technology despite COVID-19

Green Car Congress

An Ipsos Auto Global Study has found that new vehicle owners in US, China, EURO5 and Brazil desire autonomous functionality in their next vehicle. Autonomous interest is strongest in China and Brazil, where consumers have the most semi-autonomous feature experience.

Global 170
article thumbnail

Mercedes-Benz do Brasil presents fully electric bus chassis eO500U

Green Car Congress

The fully electric eO500U bus chassis is part of our global development strategy for electromobility. —Gustav Tuschen, Head of Product Engineering and Purchasing Daimler Buses. The fully electric eO500U bus chassis will be launched in Brazil and in other selected Latin American countries.

article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5

2020 259
article thumbnail

Honda begins building new automobile production plant in Brazil; starting with new Fit in 2 years

Green Car Congress

HAB), the Honda automobile production and sales subsidiary in Brazil, has begun construction of its new automobile production plant in the city of Itirapina in the state of São Paulo (approximately 200 km (124 miles) northwest of the city of São Paulo). Honda Automóveis do Brasil Ltda. Including the acquisition of the 5.8

Brazil 231
article thumbnail

Honda to build new automobile production plant in Brazil doubling annual production capacity to 240,000 units in 2015

Green Car Congress

(HAB), the Honda automobile production and sales subsidiary in Brazil, plans to build a new automobile production plant with annual production capacity of 120,000 units. The new plant, scheduled to become operational in 2015, will produce Fit-class compact vehicles, for which demand is high on a global basis.

Brazil 186