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In Brazil, there is still a rather small market for electric cars. In order to increase the number of EVs on the road over ICE vehicles, Brazil has been in the forefront of developing rules. Brazil is anticipated to become Latin America’s largest EV market over the long run.
The Brazil EV Components Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
As worldwide expansion accelerates, Great Wall Motor charges into Brazil. For Chinese automakers to diversify their markets and get access to resources, Latin America is essential.
GWM unveiled its core market strategy for Brazil; over the next ten years, it plans to invest in advancing the design of the local industrial chain, establishing regional centres for science and technology, emphasising electrification and intelligence, and aiming to become a dominant brand of alternative fuel vehicles in the Brazilian market.
This year, Geely, another significant Chinese automaker, also intends to enter the Brazilian market.
In Brazil, Volkswagen Caminhoes e Omnibus (VWCO) started mass producing its first electric truck. In the Brazilian city of Resende, the South American company produces the e-Delivery distribution van. The vehicle is designed to transport metropolitan distribution.
Batteries are delivered to the e-Delivery by CATL through the Brazilian importer Moura. “Cell-to-pack” technology is used by the batteries. So far, the batteries have been assembled by first installing the cells in modules, then combining the modules to create the full battery packs.
With the new technology – and some components with it – the intermediary stage of the modules is to be avoided. Battery partner Moura has a presence at the Resende plant in order to keep the supply channels short.
