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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. For example, 15 new electric and flex-fuel vehicle models are being launched by 2025 alone. and the ID. and the ID. Buzz and ID.4

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Vitol and BYD commit $250M to a new Green Mobility service

Green Car Congress

Vitol, the world’s largest independent trader of energy, and BYD, a leading manufacturer of electric vehicles, rechargeable battery and energy storage systems, formed a partnership to provide fleet mobility as a service in select markets worldwide.

BYD 218
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POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. POSCO developed its own extraction technology for lithium in 2010.

Argentina 369
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Tesla making first steps to launch business in Chile

Teslarati

Tesla has reportedly registered its name with the government, and it was published on September 28 with its intentions in the country being “the import, export, manufacturing, marketing, distribution, and sale of vehicles, especially electric vehicles.”

Chile 135
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GM, Honda announce new partnership to build affordable electric vehicles

Teslarati

General Motors and Honda have announced a new partnership to develop affordable electric vehicles based on a global platform. “GM “This is a key step to deliver on our commitment to achieve carbon neutrality in our global products and operations by 2040 and eliminate tailpipe emissions from light-duty vehicles in the U.S.

Honda 98
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Ford increasing production of popular electric, gasoline and hybrid vehicles

Green Car Congress

Ford F-Series is America’s best-selling truck for 46 consecutive years DEARBORN, Mich., March 3, 2023 – Through February, Ford was America’s No. 1 selling overall brand as well as the top truck manufacturer and SUV brand. Ford electric vehicle sales are up 68%. In February, Ford’s US market share increased by 1.4

F-150 170
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J.D. Power: quality takes a back seat to innovation as problems reach a record high

Green Car Congress

The automotive industry is facing a wide range of quality problems, a phenomenon not seen in the 37-year history of the IQS The industry is at a major crossroad and the path each manufacturer chooses is paramount for its future. The basic touch point of door handles is now a percolating problem area as manufacturers attempt to redesign them.

Lexus 195