Brazil

Toshiba, Sojitz, and CBMM revealed a new electric bus with cutting-edge SCiB Nb batteries in Brazil. These batteries use niobium titanium oxide in the anode, boosting energy density by 50% to 350 Wh/l. They charge in just 10 minutes, last 10,000 cycles with over 80% original capacity, and operate in extreme temperatures. Ideal for buses, the market debut is expected in Spring 2025. Exciting advancements for electric vehicles on the horizon.

Chinese NEV company BYD hits a milestone with 100 dealer stores in Brazil, planning to double to 250 by 2024. With the recent opening of their 100th store in Florianópolis, BYD aims to expand its presence swiftly, adding 150 new stores by year-end. Additionally, BYD is constructing a massive manufacturing complex in Brazil with an investment of 3 billion Brazilian reais to produce electric vehicles and lithium iron phosphate (LFP) batteries, creating over 5,000 local jobs. Exciting times ahead for BYD in Brazil!

BYD launches its $10K Seagull EV in Europe, causing a stir among rivals globally. The affordable electric car boasts Blade batteries and impressive CLTC range. Formerly dubbed the "mini Lamborghini," BYD’s Seagull impresses with sleek design and advanced features like a rotating center screen. Rivals like Ford are feeling the heat as BYD expands into new markets like Brazil and Mexico. BYD aims to disrupt Europe next with plans for even more affordable and high-end electric vehicles, sending shockwaves through the industry. Source

Vale partners with Caterpillar for a 240-ton electric haul truck to cut carbon emissions by 2030. Vale aims for 33% emissions reduction by 2030 and net-zero by 2050. Testing includes battery-electric trucks, energy transfer systems, and alcohol-powered trucks. Vale will invest $4-6 billion for the transition. Caterpillar's Cat 793 electric haul truck impressed during tests with top speed over 37 mph and regenerative braking. Collaboration aims to show the efficiency of electric equipment in mining operations. Source