Brazil Seeks to Create Hybrid Cars, Not Just Import Electric Ones, Says BNDES President

Written by Alisson Ficher

Published on 01/08/2024 at 23:31

Updated on 01/08/2024 at 23:38

Brasil quer criar carros híbridos, não só importar elétricos, diz presidente do BNDES. (magem: Jasen Wright/Shutterstock)

Be the first to react!

Brazil’s Ambition to Position Itself as a Leader in Hybrid Car Production Is a Strategy That Is Shaking Up the Automotive Industry Behind the Scenes. With Bold Plans Not Only to Import Electric Vehicles but to Produce Them Internally with Advanced Technology, the Country Is Aiming High to Stand Out Globally.

According to Aloizio Mercadante, president of BNDES, Brazil does not want just to import technology but to develop it right here. “We are not interested in just importing electric cars. We want investment in Brazil,” Mercadante said at a recent seminar on the 50th anniversary of diplomatic relations between Brazil and China.

“We want to produce electric buses and hybrids here, which is our calling, after 50 years of ethanol. The hybrid car will have double the range of the electric car. And it decarbonizes more than the electric car,” he emphasized.

The New Industry Brazil (NIB), launched in January of this year, is the industrial policy guiding these bold objectives. The plan aims to attract foreign investments committed to technology transfer and job creation in the country.

ARTICLE CONTINUES BELOW

See also

In the automotive sector, this technology transfer will be crucial for developing innovative projects, such as hybrid cars – which combine electric energy and biofuels.

During the seminar held in Brasília, Mercadante emphasized the importance of strengthening the production chains of the Brazilian industry, especially in the renewable energy sectors. He cited, among other examples, the production of green hydrogen and electric vehicles, highlighting the role of BNDES in promoting these projects through the NIB and the More Production Plan.

“What interests me most here, in this discussion, is the path that China has pursued to get where it is, always demanding technology transfer for foreign investment,” Mercadante said. “We want much investment from China, a strong presence of China, but within Brazil, producing here, generating jobs, generating work.”

Uallace Moreira, Secretary of Industrial Development, Innovation, Commerce, and Services of MDIC, also emphasized the importance of attracting foreign direct investments that are strategic for economic development. “One of the strategic points for promoting economic development is foreign direct investment. However, not all foreign direct investment is positive,” warned Uallace.

“If the investment comes into Brazil denationalizing productive capabilities, decreasing the degree of verticalization, increasing imports, and sending profits back to its headquarters, you are deepening external dependence, you are destroying a nation’s capacity for development,” he explained.

To avoid these problems, Uallace highlighted that investment must play a strategic role. “The NIB has this purpose of using foreign direct investment, using partnerships with countries like China as a strategic element,” he stated.

“In the project of neoindustrialization of the government of President Lula, led by Vice President and Minister Geraldo Alckmin, what we want is to make the industry once again the protagonist of economic growth, job creation, and income in this country.”

The industrial policy, according to Uallace, should be used as a tool to reduce inequalities. “There is no economic development without industry. There is no social inclusion without industry. A technology-intensive industry, technologically complex, demands high-skilled and high-income services, generating jobs, income, and promoting the process of economic development,” he concluded.

Brazil’s bold strategy to lead in hybrid car production not only aims to transform the automotive industry but also to strengthen the economy and promote social inclusion. With technology transfer and the attraction of strategic foreign investments from brands like Toyota, Volkswagen and Chevrolet, the country seeks to ensure sustainable growth and a prominent position on the global stage.

And you, what do you think about Brazil becoming a leader in hybrid car production? Will this bold strategy bring the expected results? Comment below!

Brazil Seeks to Create Hybrid Cars, Not Just Import Electric Ones, Says BNDES President

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

28% of patients resuscitated after cardiac arrest report consciousness during the period they were clinically dead, and the AWARE II study detects brain activity for up to 60 minutes, suggesting that the mind may persist beyond what medicine considers possible.

China calls Brazil a strategic partner in space and highlights the CBERS satellite that monitors deforestation in the Amazon, cooperation with dozens of countries, the use of advanced data, and projects on the Tiangong station.

‘MEC’s Duolingo’: government to launch free app with 800 English and Spanish lessons, six levels from A1 to C2, AI for conversation, and access via gov.br

South America’s most famous oasis has an emerald lagoon formed by underground waters in the Peruvian desert. It is located 300 km from Lima, is surrounded by giant dunes, and holds a mysterious mermaid legend.

China watched NASA’s mission on the Moon and called on Brazil not to be left behind: after the US endeavor in the Artemis II mission, China announces the intensification of its space program, including a partnership with Brazil.

Brazil Seeks to Create Hybrid Cars, Not Just Import Electric Ones, Says BNDES President

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

End of an era: Nissan announces its departure from the country with the closure of a historic factory after 7 years producing the Frontier, negotiates operations with 2 groups, and integrates a global strategy that has already reorganized 36 markets, in Córdoba, Argentina.

Brazil has just taken the first step to bring small modular nuclear reactors to the country, with the Ministry of Mines and Energy establishing a working group that will define where to build, how to finance, and who will operate this new energy technology.

It costs R$ 80,000 today, but was once worth R$ 900,000: the “rich man’s cast-off car” attracts with its luxury, but conceals high-standard maintenance that can turn into a loss.

Chinese automaker launches the Avatr 06T electric wagon with 955 hp, up to 1,250 km of range, and a three-motor system, betting on a version with a range-extending turbo generator to extend long journeys and compete in the premium EV segment.

Experts say that China and Europe should join forces to reconfigure the global order, strengthen UN-centered multilateralism, and expand cooperation in trade, technology, and climate amid the US withdrawal and the advance of a multipolar world.

28% of patients resuscitated after cardiac arrest report consciousness during the period they were clinically dead, and the AWARE II study detects brain activity for up to 60 minutes, suggesting that the mind may persist beyond what medicine considers possible.

China calls Brazil a strategic partner in space and highlights the CBERS satellite that monitors deforestation in the Amazon, cooperation with dozens of countries, the use of advanced data, and projects on the Tiangong station.

‘MEC’s Duolingo’: government to launch free app with 800 English and Spanish lessons, six levels from A1 to C2, AI for conversation, and access via gov.br

South America’s most famous oasis has an emerald lagoon formed by underground waters in the Peruvian desert. It is located 300 km from Lima, is surrounded by giant dunes, and holds a mysterious mermaid legend.

China watched NASA’s mission on the Moon and called on Brazil not to be left behind: after the US endeavor in the Artemis II mission, China announces the intensification of its space program, including a partnership with Brazil.