Brazil revs up for jolt of hybrid car investments
Brazil, with its population of over 200 million people, is seeking to incentivize the local production of less polluting vehicles, and automobile giants are raring to go.
Brazil, with its population of over 200 million people, is seeking to incentivize the local production of less polluting vehicles, and automobile giants are raring to go.
In a letter sent to other members of the Federal Chamber of Automotive Industries, Volkswagen said it quit the lobby group's Policy Advisory Committee before a meeting later this week, according to a spokesperson.
In the Asia-Pacific region (APAC), the premium tyre manufacturer is supplying the top five highest-volume manufacturers of electric vehicles with original equipment tyres for the first time.
The announcement marks a step forward in a partnership forged in July when Volkswagen said it would buy 4.99% of Xpeng for around USD 700 million with plans to jointly launch two EV models by 2026. The purchase was completed in December.
In the current model year, the Enyaq continues to evolve with enhancements including more powerful and efficient drivetrains, even more range, faster charging, and new software with an upgraded and more intuitive user interface, the company said.
The new ID.7 Tourer combines the emissions advantages of electric mobility with long WLTP ranges (up to 685 km02), a high-quality cockpit landscape, outstanding travel comfort and superior spaciousness – making it an ideal business car. Europe-wide presales are scheduled to start in the first quarter of this year, the company said.
Mahindra plans to use certain platform components, as well as Volkswagen's unified battery cell, for its own electric platform, called INGLO, Volkswagen said in a statement.
General Motors and Ford, among other automakers, have slowed investments in electric vehicles in response to decelerating growth in demand.
Elkann said that the Peugeot owner, the world's third largest carmaker by sales, was focused on implementing its long-term business plan.
"We are actively working on an entry-level EV. We are evaluating which VW Group platform can be best adapted to build a compact electric SUV in India," said Piyush Arora, CEO of Skoda Auto Volkswagen India.
Thomas Ulbrich, former Member of the Board of Management of the Volkswagen Brand for “New Mobility”, will head up Technical Development for the Group in China from April 1, 2024. In his new capacity, Ulbrich, who has already held two management positions for the Group in China, will continue to advance the technological localization of the portfolio, the company said.