Automobile and commercial vehicle manufacturer Volkswagen obtained 2.3 billion reais ($425.62 million) in financing from Brazil’s National Bank for Economic and Social Development (BNDES).
The package includes credit lines aimed at accelerating the automaker’s development of hybrid vehicles and expanding the export activity of its operations in Brazil.
Beyond accelerating Volkswagen’s range of hybrid vehicles, including mild hybrids, full hybrids and plug-in hybrids, BNDES Mais Inovação financing also supports Volkswagen do Brasil’s engineering work on advanced driver assistance systems and connectivity (infotainment) technologies.
The initiative aims to make advanced security features more accessible and constantly improve the customer experience.
Volkswagen do Brasil CEO Ciro Possobom said: “A new era of electrification begins for Volkswagen do Brasil. Starting in 2026, every new Volkswagen developed by our engineering department and manufactured in the South American region will be electrified! We will offer hybrids in all possible forms: mild hybrids, hybrids and plug-in hybrids, which represents our commitment to the future of sustainable mobility. We will have a complete solution, democratizing electrification and access to advanced security, connectivity and artificial intelligence technologies.
“The investment of 2.3 billion reais, possible thanks to the BNDES, accelerates Volkswagen’s energy and technological transition in Brazil and further strengthens our Engineering department. We are working to strengthen the national industry, which develops and produces automobiles here, generating jobs and accelerating the economy.”
Volkswagen has shipped more than 4.4 million units from Brazil to 147 markets since 1970. The company reported a 43% increase in exports for the period January-September 2025 compared to the same months in 2024.
Recently, the Volkswagen Group reported a net loss of €1.07 billion for the third quarter of 2025, compared to a net income of €1.56 billion in the third quarter of 2024, the group’s first quarterly loss since the second quarter of 2020.
“Volkswagen Gets Funding to Support Hybrids and Brazil Exports” was originally created and published by Just Auto, a brand owned by GlobalData.
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