Hybrid vehicles (mild hybrids
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Volkswagen secures funding to back hybrids and exports from Brazil
Yahoo Finance· 2025-11-03 17:57
Core Insights - Volkswagen has secured 2.3 billion reais ($425.62 million) in financing from Brazil's National Bank for Economic and Social Development (BNDES) to enhance its hybrid vehicle development and expand export activities from Brazil [1][4] Group 1: Financing and Investment - The financing package from BNDES is aimed at accelerating Volkswagen's hybrid vehicle range, which includes mild hybrids, full hybrids, and plug-in hybrids [2] - The investment will also support engineering work on advanced driver assistance systems and connectivity technologies, enhancing customer experience and safety features [2][4] Group 2: Strategic Goals and Commitments - Volkswagen do Brasil's CEO announced that starting in 2026, all new Volkswagen models developed in South America will be electrified, showcasing the company's commitment to sustainable mobility [3] - The company aims to democratize access to electrification and advanced technologies, including safety and artificial intelligence [3] Group 3: Export Performance - Volkswagen has exported over 4.4 million units from Brazil to 147 markets since 1970, with a reported 43% increase in exports from January to September 2025 compared to the same period in 2024 [4] Group 4: Financial Performance - Volkswagen Group reported a net loss of €1.07 billion for Q3 2025, marking its first quarterly loss since Q2 2020, compared to a net income of €1.56 billion in Q3 2024 [5]