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The auto parts sector will invest R$50 billion by 2028 to adapt production to new hybrid and electric technologies in Brazil.
The auto parts Brazil is preparing for a major investment. Companies in this segment, motivated by the Green Mobility and Innovation Program (Mover) and the nationalization of components to meet the growing demand for hybrid vehicles, plan to invest R$50 billion by 2028. This amount will be applied over five years, from 2024 to 2028, aiming to modernize and adapt production to new technologies that are reaching the Brazilian market.
Investment of R$50 billion by 2028
The news was released by Gábor Deák, director of Sindipeças, during the opening of Simea 2024, an event promoted by the Brazilian Association of Automotive Engineering (AEA).
The event, which took place on August 21st and 22nd in São Paulo, brought together industry experts to discuss green mobility and the energy transition, topics of great relevance to the current automotive industry.
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They investment significant in the auto parts sector does not aim to increase production capacity, but rather to transform operations to meet new technological demands, such as the production of parts for hybrid and electric vehicles.
According to Deák, this transition is essential to keep up with global trends and ensure that Brazil remains competitive in the international auto parts market.
Previous investment of auto parts companies reviewed
Also during Simea 2024, Gábor Deák mentioned that Sindipeças had already revised the investment projection for 2023.
Initially, the sector of auto parts had planned to invest R$5,8 billion, but this amount was readjusted to R$6,2 billion.
This increase reflects market optimism, driven by the positive outlook for the coming years.
According to Deák, there is a tendency for the average annual investment in the auto parts sector to be between R$10 billion by 2028, surpassing previous averages of R$6 billion to R$7 billion per year.
This significant increase in investments is seen as a response to market demands for new technologies and the need to adapt to the electrification of the automotive sector.
Stellantis, for example, promises to launch hybrid models later this year, while other automakers, such as Volkswagen and Renault, have also announced their plans to develop vehicles with this technology in Brazil.
This change in the profile of vehicles manufactured in the country requires a transformation in the production of auto parts, which justifies the increase in planned investments.
Technological transformation in the auto parts sector
O investment The R$50 billion announced by auto parts companies will be mainly allocated to adapting production to new technologies, such as hybrid and electric vehicles.
Brazil already has examples of this transition, such as Toyota, which produces flex hybrid vehicles at its factory in Sorocaba, São Paulo.
Now, other automakers are following suit, demanding that auto parts suppliers be prepared for this transformation.
According to Gábor Deák, Brazil is in a privileged position, thanks to its natural resources and the use of biofuels, which allows the country to play a prominent role in the global energy transition scenario.
Auto parts installed in Brazil not only serve the local market, but also operate internationally, which facilitates the transfer of technologies developed in other countries to the Brazilian market.
The director of Sindipeças also highlighted that the energy transition does not have a single and universal solution.
Each country and market will follow its own path, and in the case of Brazil, the combination of hybrid flex and biofuel vehicles places the country in a strategic position to lead this transformation in the automotive sector.
Automakers also invest in new technologies
Besides the investment billionaire announced by the auto parts sector, automakers based in Brazil are also planning significant contributions.
It is estimated that these companies will invest around R$130 billion by the end of 2023, focusing on new technologies aimed at electrifying the automotive sector.
These investments complement the efforts of auto parts, creating an ecosystem favorable to the development of hybrid and electric vehicles in the country.
The production of hybrid and electric cars is a global trend, and Brazil does not want to be left behind.
With the advancement of technologies and the growing demand for more sustainable vehicles, car manufacturers and auto parts companies are mobilizing to ensure that the country is prepared for this new reality.
The Green Mobility and Innovation Program (Mover) is one of the initiatives that drives this movement, encouraging the adoption of more sustainable practices and innovation in the automotive sector.
Simea 2024, the event at which the new investments were announced, reinforces the importance of the energy transition for the Brazilian automotive industry.
With the theme “Green mobility and the energy transition”, the event promotes debates and exchange of experiences between sector experts, showing that Brazil is committed to the future of sustainable mobility.
Auto parts, alongside car manufacturers, play a fundamental role in this transformation process.
