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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.

Purchase 195
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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
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Comment on BYD signs preliminary land purchase deal for its NEV plant in Hungary by Hctr Lnds

CN EV Post

One factory in Brazil for the South American market, one factory in Thailand for the SEA market, one factory in Uzbekistan for the Central Asia/Russian market, and one factory in Hungary for the European market. That's smart. Are we expecting an announcement for factories in the Middle East and Africa in 2024?

Hungary 69
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Boeing opening aerospace research and technology center in Brazil; research focus includes biofuels

Green Car Congress

Boeing will establish later this year Boeing Research & Technology-Brazil, an aerospace research and technology center in Sao Paulo, that will will serve as a hub for collaboration between Boeing and Brazilian R&D organizations, including government agencies, private-sector companies and universities.

Brazil 231
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

With the pandemic spreading across the globe, strict lockdowns in key markets, combined with consumer panic and economic uncertainty, have all contributed to the huge decrease in sales last month. And unlike previous recessions, we’re not just dealing with people’s fears or purchase delays. —Felipe Munoz, JATO’s global analyst.

Europe 261
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Cummins to purchase SCR doser assets from Hilite International

Green Car Congress

Hilite’s selective catalytic reduction (SCR) doser technology will become part of Cummins Emission Solutions (CES), allowing Cummins to serve all major market applications with a Cummins doser. The purchase price was not disclosed and the acquisition, expected to close in the third quarter of 2012, is subject to German regulatory approval.

Purchase 218
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Bosch overview of global diesel markets; optimistic about US, China

Green Car Congress

In addition to the ongoing strength in the European market and India (the second-largest diesel market after Europe, Bosch sees potential strength in North America and China. Because diesel vehicles already account for a high share of the European market, opportunities for growth are correspondingly moderate.

Diesel 255