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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. 4 are coming to Brazil As a fast-growing car market, South America is of strategic importance to Volkswagen. and the ID.

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MAN Truck & Bus will offer an eBus chassis for the global market; NMC and LFP battery options

Green Car Congress

MAN Truck & Bus will in future be offering an eBus chassis for the global market. By 2040, sales of zero-emission buses are expected to rise to more than 80% of the global market. The eBus chassis will be produced at MAN’s plant in Starachowice, Poland, where the Lion’s City E is also manufactured.

Global 221
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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). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion A tech-heavy ESG company mining in the emerging markets is a rare find.

Global 199
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GM Creates New South America Regional Organization

Green Car Congress

General Motors is creating a new regional organization to meet rising customer demand in South America. GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. GM South America currently has 29,000 employees.

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Ensorcia to invest €200M to build lithium hydroxide conversion plant in Europe

Green Car Congress

Ensorcia, whose main operations are now based in Argentina and Chile, currently has several projects under study for the creation of different lithium processing plants in South America, Europe and North America.

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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.

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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