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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. In total, the South American automotive market is expected to grow 11% a year until 2030, making it one of the fastest growing markets in the world. To this end, we are investing one billion euros in South America by 2026.

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EV Charging Lessons for South America

CleanTechnica EVs

auto manufacturers to transition to electric vehicles, and the variety of charging options in the US have all contributed to EV growth. The United States has all of the necessary factors for EV charging growth, and the result has been rapid deployment. The legislation passed by the Biden administration, the commitment by U.S.

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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. POSCO developed its own extraction technology for lithium in 2010.

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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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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.”

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