Tag: electric vehicles
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Francisco Motors eyes P6B EV production investment
Francisco Motors Corp. (FMC), the Filipino company behind the iconic jeepney, is eyeing an initial P6-billion investment to revive local vehicle production and develop electric vehicles under the government’s Electric Vehicle Incentive Strategy (EVIS).
BYD expands Philippine push as EV demand grows
BYD is strengthening its presence in the Philippines as the country becomes an increasingly important market for electric vehicles and new energy vehicles.
AC Mobility builds EV ecosystem beyond selling electric cars
AC Mobility is accelerating its electric vehicle ambitions by expanding far beyond car sales, positioning itself as an integrated mobility company that combines charging infrastructure, renewable energy, financing and fleet services to make EV ownership more practical for Filipino consumers.
Honda hits breaks on EVs, faces JPY2.5T losses
Honda Motor Co. Ltd. said Thursday, March 11, it is scrapping three planned electric vehicle models for North America in a dramatic strategy reset that could saddle the Japanese automaker with losses of up to JPU2.5 trillion (around USD16–billion).
Philippines accelerates push for EV manufacturing
The Philippines is moving closer to becoming a hub for electric vehicle manufacturing, with high-level discussions underway for a major investment in the sector, Finance Secretary Frederick Go announced.
