24/7 Space News
CAR TECH
GM bets on e-vehicles with $1.4 bn investment in Brazil
GM bets on e-vehicles with $1.4 bn investment in Brazil
by AFP Staff Writers
Brasilia (AFP) Jan 24, 2024

General Motors said Wednesday it will invest seven billion reais (more than $1.4 billion) in Brazil in the next five years to develop electric vehicle production in Latin America's biggest economy.

"Our future is all electric," said the US auto giant's president for international operations, Shilpan Amin, after meeting President Luiz Inacio Lula da Silva in Brasilia.

Lula, whose administration has pushed auto companies in Brazil to make electric cars locally rather than import them, welcomed the announcement.

"This comes at a great time, with the return of Brazilian economic growth," the veteran leftist wrote on X, formerly Twitter.

GM currently imports all electric vehicles sold in Brazil.

Lula also met Wednesday with representatives of Chinese electric vehicle maker BYD, which is planning to build a $600 million plant in Bahia state in northeastern Brazil.

Electric and hybrid vehicles remain rare in Brazil, a major oil producer.

But sales increased by 91 percent last year, according to industry group ABVE.

Related Links
Car Technology at SpaceMart.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CAR TECH
Tens of thousands sign up for French electric car leasing scheme
Paris (AFP) Jan 19, 2024
The French government has been flooded with applications from low-income households to lease a subsidised electric car from 100 euros ($109) a month, Environment Minister Christophe Bechu said on Friday. President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon emissions in France. Some 90,000 people have applied to the scheme since the start of the month, Bechu said, whereas the government had only planned to subsidise the rental of 25,000 elect ... read more

CAR TECH
ESA's Marcus Wandtembarks on historic Muninn Mission aboard ISS

European crew arrives at ISS on private mission

NASA, Partners to welcome private crew aboard Space Station

SpaceX and ESA collaborate on ISS mission featuring advanced german science experiments

CAR TECH
China's LandSpace achieves new feat with Zhuque-3's Vertical Recovery Test

Axiom launches third mission to ISS, carrying European space hopes

Mexico Set for Space Sector Boost with New National Rocket and Space Center by Merida Aerospace

European crew poised for private mission to International Space Station

CAR TECH
Mars Express unveils potential water resource for future Mars missions at equator

So Many Textures, So Little Time: Sols 4070-4072

How NASA's Twin Rovers Changed Mars Science

Sols 4066-4070: Cracking Up

CAR TECH
Tianzhou 6 burns up safely reentering Earth

Yan Hongsen's future dreams as 'Rocket Boy'

China's Tianzhou 7 docks with Tiangong Space Station

China Prepares to Launch Tianzhou 7 Cargo Ship to Tiangong Space Station

CAR TECH
Eutelsat OneWeb and Paratus South Africa join forces to enhance satellite connectivity in South Africa

AST SpaceMobile Launches $100 Million Stock Offering Amid Strategic Tech Investments

Momentus secures $4M through direct stock offering to institutional investor

Sidus Space Partners with ASPINA for Satellite Technology Demonstration on LizzieSat Mission

CAR TECH
Renesas Electronics plays role in Japan's lunar landing mission

China grants over 100 video game licences as crackdown wanes

Researchers demonstrate rapid 3D printing with liquid metal

Microsoft lays off 1,900 staff after Activision gaming buyout

CAR TECH
Shallow soda lakes show promise as cradles of life on Earth

Key moment in the evolution of life on Earth captured in fossils

ASU talk will examine ethical questions surrounding life in space

Study uncovers potential origins of life in ancient hot springs

CAR TECH
New images reveal what Neptune and Uranus really look like

Researchers reveal true colors of Neptune, Uranus

The PI's Perspective: The Long Game

Webb rings in the holidays with the ringed planet Uranus

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.