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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. 4 are coming to Brazil As a fast-growing car market, South America is of strategic importance to Volkswagen. To this end, we are investing one billion euros in South America by 2026. and the ID.

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Ford increasing production of popular electric, gasoline and hybrid vehicles

Green Car Congress

Ford is boosting production in the US of its popular EVs—Mustang Mach-E®, F-150 Lightning and E-Transit—along with other customer favorites such as Bronco Sport and Maverick. 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.

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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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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. The subsequent production of lithium hydroxide will take place in South Korea. Earlier post.)

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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.” I’d love to hear from you!

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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

Green Car Congress

Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing. metric tons annually and eliminate dangerous NO x and PM tailpipe emissions that contribute to air pollution.

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GKN, SDS begin production of all-wheel drive disconnect system in China; up to 4% improvement in fuel economy

Green Car Congress

GKN Driveline’s Chinese Joint Venture partner SDS has commenced production of its complete all-wheel drive (AWD) Disconnect system for small- to medium-sized vehicles in China. GKN’s Chinese joint venture, Shanghai GKN HUAYU Driveline Systems (SDS), will supply GAC FCA from its production facility in Shanghai.