article thumbnail

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

Green Car Congress

The Volkswagen brand aims to make significant gains in South America with a major product offensive. 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. and the ID.

article thumbnail

Tesla jobs posted in South America

Teslarati

Tesla recently posted jobs located in South America. The Tesla jobs are located in Chile, hinting at a company base in South America. The company seeks a Country General Manager, a Tesla Sales Advisor, and Service Technicians. Tesla Motors seeks a Country General Manager Chile to help launch the market.

article thumbnail

Tesla lands in Chile, its first appearance in South America

Teslarati

Tesla has officially landed in Chile, marking the first time it has appeared in a South American country as it continues to expand to new markets. EV adoption in South America is relatively limited due to a lack of presence by basically any company and a very slim charging network. Tesla llega hoy a Chile.

article thumbnail

Stellantis is Dropping Billions on Ethanol Tech in South America

The Truth About Cars

While the automaker’s parent company is moving toward electrification, it remains dedicated to internal combustion, announcing that it would invest billions in a new engine that runs on ethanol. percent market share. Dodge is in the news this week with its new Charger, which will be offered with gas and electric powertrains.

article thumbnail

Volkswagen brand invests one billion euros for growth in South America

Electric Cars Report

The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40 percent in Brazil, the region’s largest market. For example, 15 new electric and flex-fuel vehicle models are being launched by 2025 alone.

article thumbnail

Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

Green Car Congress

Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

Global 199
article thumbnail

BASF to concentrate plant biotechnology activities on main markets in North and South America

Green Car Congress

Citing a lack of acceptance for plant technology in many parts of Europe, BASF announced that it is concentrating its plant biotechnology activities on the main markets in North and South America. The company will adjust the portfolio and site footprint of its subsidiary BASF Plant Science to reflect this change.