South America Electric Vehicles News

Recent industry report about South America Electric Vehicles company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ South America Electric Vehicles Market industry experts.

South America Electric Vehicles News

  • August 2022: General Motors Middle East (GM MEO), announced the signing of a Memorandum of Understanding (MoU) with Al Wegdaniya Transport to explore electric vehicle (EV) leasing opportunities. The MoU reinforces the mutual commitment to bring electrification to all modes of transport.
  • July 2022: Ford has announced a series of initiatives for sourcing battery capacity and raw materials that helps reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026.
  • June 2022: The United Arab Emirates' Ministry of Energy and Infrastructure (MoEI), Audi Middle East, and Siemens signed an agreement to cooperate on boosting electric vehicle (EV) charging capacity on federal roads and increasing adoption of EVs across the country.
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  • September 2023: Toyota announced that the 1GD-FTV 2.8 l inline-four turbo diesel engine in the Land Cruiser Prado will be equipped with the 48 V mild hybrid system. Further, the company stated that the 48 V mild hybrid system will also be integrated into the Hilu model to enhance the efficiency and performance of the vehicle. These models will be available to global customers, including consumers from the European region.
  • June 2023: Volkswagen announced it they are working on a generational update in the Tiguan model. It is expected to be available to global customers in 2024. The company stated that the vehicle will be equipped with an MQB EVO platform, which will allow the company to offer multiple powertrain options, such as mild hybrid turbocharged petrol engines (eTSI) and turbodiesel engines (TDI), among others.
  • September 2022: Voith Germany and KEYOU announced the launch of a new hydrogen bus featuring the DIWA NXT mild hybrid system at IAA Transportation 2022. The bus is 12 m long and based on the chassis supplied by a leading European bus manufacturer. The bus is equipped with KEYOU's proprietary inside hydrogen engine in association with the DIWA NXT mild hybrid system.
  • June 2023: Hyundai Motor Group, a multinational automotive manufacturer based out of South Korea, announced that its connected car services reached 10 million subscribers, owing to the growth in overseas subscribers using Bluelink, Kia Connect, and Genesis Connected Services. The company further stated that it expected that its connected car services would reach 20 million subscribers by the end of 2026.
  • April 2023: MG Motor India announced the launch of its latest Comet electric vehicle model at an introductory price of INR 7.98 lakh (USD 9,608), which is equipped with an inbuilt iSmart system that supports over 55 connected car features and over 100 voice commands.
  • September 2022: Hyundai Motor Group and KT Corporation signed a joint venture to focus on next-generation infrastructure and ICT, including 6G autonomous driving technology and Advanced Air Mobility (AAM) communication networks based on satellite communication.
  • February 2022: BMW launched a 3-series sedan in Brazil capable of running on ethanol-blended fuel. The new BMW 3 series can function normally even when running entirely on ethanol. A 2.0-liter four-cylinder B48 turbo powers the 3-series that has been slightly tuned to run on ethanol-based fuel.
  • December 2022: SIAM, along with the Government of India, conducted a demonstration session where it showcased the vehicle features and technological developments to emphasize the use of FFVs (Flex-fuel vehicles) and future possibilities. During the demonstration, it was emphasized that there is a need for technology that can be used to convert waste to wealth, as India uses a significant amount of fossil fuel in the world.
  • June 2023: TÜV Rheinland and Centro Tecnológico Randon (CTR) have announced a collaboration for automotive vehicle and component homologation, testing, and type certification. The collaboration aims to provide an extensive range of certification services for commercial vehicles, light cars, vehicle systems, and components while maintaining the security and flexibility that clients expect.
  • May 2023: Arrival announced a significant milestone, having built 3 L Vans at the Bicester factory during the first quarter of 2023, with 5 more currently in progress. Additionally, they have successfully accumulated over 90,000 kilometers of on-road test driving. The build and road testing of the L Vans has proven to be a valuable source of insights, aiding in the finalization of manufacturing methods and designs for the XL Van.
  • May 2023: AvtoVAZ introduced a one-of-a-kind series of regional displays featuring all modern LADA models and commercial samples based on the brand's vehicles. The showcased models include the LADA Granta Prima van, LADA NIVA Kub (an 8-seater van based on LADA NIVA Legend), pickup trucks based on LADA Granta and LADA NIVA Legend, as well as dual-fuel LADA Granta CNG and others, all part of the LADA Fleet Road Show.
  • January 2022: Volkswagen unveiled a new electric van equipped with batteries ranging from 48kWh to 111kWh, offering an impressive range of up to 342 miles. The van was expected to be available for sale in March 2022 across Europe.
  • September 2022: The City of Long Beach partnered with Mercedes-Benz Research & Development North America, with assistance from Mercedes-Benz USA Urban Mobility Solutions and Xtelligent, to create transportation technology systems that will enhance liveability and environmental sustainability.
  • June 2022: Nissan and Wallbox, a major provider of electric vehicle charging solutions, collaborated to provide Nissan electric car owners with a convenient one-stop shop for their home charging requirements.
  • February 2023: At the 2023 Indonesia International Motor Show, Yadea, the world's leading electric two-wheeler brand, announced an exclusive strategic partnership with Indonesian listed company Indomobil. Indomobilwill be Yadea'ssole distributor in Indonesia, and the two companies will collaborate to provide high-quality electric vehicles and excellent customer service to Indonesian consumers.
  • May 2022: Yamaha Motor unveiled the "E01" electric scooter. Yamaha's "E-01" is an electric bike that combines motorcycle technology and EV technology. The company also stated that it would begin its demonstration in five Asian countries, including China.
  • February 2022: Hero MotoCorp announced a partnership with Gogoro to set up battery swapping stations across India as well as launch electric scooters in India powered by Gogoro batteries.
  • In May 2022, Carsome, a Malaysian used car marketplace, announced to enter the Philippines in the near future through joint ventures with local partners. The used-car online marketplace was recently valued at $1.7 billion after raising $290 million in a Series E funding round.
  • August 2022: General Motors Middle East (GM MEO), announced the signing of a Memorandum of Understanding (MoU) with Al Wegdaniya Transport to explore electric vehicle (EV) leasing opportunities. The MoU reinforces the mutual commitment to bring electrification to all modes of transport.
  • July 2022: Ford has announced a series of initiatives for sourcing battery capacity and raw materials that helps reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026.
  • June 2022: The United Arab Emirates' Ministry of Energy and Infrastructure (MoEI), Audi Middle East, and Siemens signed an agreement to cooperate on boosting electric vehicle (EV) charging capacity on federal roads and increasing adoption of EVs across the country.
  • September, 2022: Ford Motor Co. launched the next-generation Ford F23 Super Duty pickup truck with Ford Pro's suite of software and services to help maximize uptime, accelerate productivity, and lower the cost of ownership.
  • September, 2022: Mercedes-Benz announced integrating Qualcomm's Snapdragon Digital Chassis solutions and Snapdragon Automotive Connectivity Platforms into its passenger vehicles.
  • July, 2022: General Motors' brand OnStar unveiled a new corporate identity and expanded its OnStar Guardian suite of services to motorcycle riders, and integrated the Amazon Alexa voice recognition platform with the Guardian suite of services.
  • In August 2022, Merida launched its new e-bike Merida eBIG SEVEN 300 SE in Thailand is THB 99,600. The new E7000 motor, which supports commuters and sporty riders with its perfectly balanced power delivery, is powered by an impressive 500 Wh long detour battery that is perfectly integrated into the hydroformed down tube.
  • In April 2022, Brompton made the announcement that it will launch in Singapore its first-ever line of foldable electric bikes. With only 15.53 kilograms, the new bikes rank among the lightest e-bikes currently available.S$5,900 is the starting price for the Electric C Line, as the line is called.
  • In March 2022, Yamaha announced it is now launching its own range of e-bikes in the Malaysian market.

South America Electric Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029