Tag: EV

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BYD Philippines ramps up EV push amid demand

Transport & Logistics Context.ph Context.ph -
Electric vehicle (EV) momentum is accelerating in the Philippines, with BYD Philippines doubling down on expansion as it banks on rising consumer interest, stronger sales and a cost-driven value proposition.

Toyota flags scale, flexibility concerns after RACE axed 

Transport & Logistics Context.ph Context.ph -
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.

AC Mobility accelerates nationwide EV ecosystem buildout drive

Transport & Logistics Context.ph Context.ph -
AC Mobility said the shift to electric mobility in the Philippines is gathering pace as the company ramps up investments in infrastructure critical to supporting broader electric vehicle (EV) adoption.

Philippines drops RACE, pivots to EV incentives 

Trade & Investments Context.ph Context.ph -
The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.

Philippines courts hybrid export hub with Mitsubishi

Transport & Logistics Context.ph Context.ph -
The Department of Finance said Monday the Philippines is on track to produce its first locally manufactured hybrid vehicles, as Mitsubishi Motors Corp. advances plans to set up dedicated hybrid electric vehicle (HEV) production at its Philippine unit’s plant in Santa Rosa, Laguna.
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SEC centralizes SBL admin functions with PSE to speed up processing, cut costs

Markets 0
The Securities and Exchange Commission (SEC) has streamlined the country’s securities borrowing and lending framework by assigning all administrative functions to the Philippine Stock Exchange (PSE), aiming to create a more efficient and integrated short selling market.

PAL expands North American network with second A350-1000 for Manila-Toronto route

Transport & Logistics 0
The Philippine Airlines (PAL) has strengthened its North American operations by putting its second Airbus A350-1000 into service on the Manila-Toronto route, a key step in the airline’s ongoing fleet modernization plan. This new aircraft joins the carrier’s first A350-1000, which currently flies the Manila-New York route, giving PAL two premium long-haul gateways in North America served by its newest and largest aircraft type.

First Gen, HMR Envirocycle launch e-waste drive for Lopez Group

Environment 0
First Gen Group, the Philippines’ leading renewable energy firm, has partnered with e-waste recycler HMR Envirocycle to roll out Drop IT for Good, a company-wide campaign for collecting and properly disposing of IT equipment and other electronic waste across the Lopez Group.

Australia return boosts Philippine mango export drive

Trade & Investments 0
Just days after the Philippines celebrated its first fresh...

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