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Chinese e-vehicle firm investing P25-B in PH

(Courtesy of Electric Vehicle Association of the Philippines) MANILA - A Chinese electric vehicle company is registering with the Fiscal Incentives Review Board for three projects worth PHP25 billion, Trade Undersecretary Ceferino Rodolfo said Saturday. Rodolfo declined to name the firm but said the projects of the Chinese company will involve leasing of e-vehicles, putting up charging stations, and starting an all-e-vehicle transportation network vehicle service (TNVS). He said the company is planning to import 20,000 e-vehicles, 10,000 units each for its leasing business and TNVS, and 1,000 charging stations. "They want to create an electric vehicle ecosystem here," Rodolfo, also the Board of Investments (BOI) managing head, said in a press briefing. Executive Order No. 12 that removes tariff on imported e-vehicles and lowers tariff for e-vehicle parts and components for a five-year period is a welcome policy for the Chinese company. Rodolfo explained that the projects are ....

Ferdinandr Marcos Jr , Ceferino Rodolfo , Fiscal Incentives Review Board , Trade Undersecretary Ceferino Rodolfo , Strategic Investment Priority Plan , President Ferdinand , Ourtesy Of Electric Vehicle Association The Philippines Manilaa Chinese Company Is Registering With Fiscal Incentives Review Board For Three Projects Worth Php25 Billion , Rade Undersecretary Ceferino Rodolfo Said Saturday Declined To Name The Firm But Projects Of Chinese Company Will Involve Leasing Ofe Vehicles , Utting Up Charging Stations , Nd Starting An Alle Vehicle Transportation Network Service Tnvs He Said The Company Is Planning To Import 20 , 000e Vehicles , 000 Units Each For Its Leasing Business And Tnvs , 7nd 1 , 000 Charging Stations Quot They Want To Create An Electric Vehicle Ecosystem Here , Uot Rodolfo , Lso The Board Of Investments Boi Managing Head , Aid Ina Press Briefing Executive Order No 12 That Removes Tariff On Importede Vehicles And Lowers Fore Vehicle Parts Components Fora Five Year Period Isa Welcome Policy For The Chinese Company Rodolfo Explained Projects Are Qualified Fiscal Incentives Under Tier Ii Of Strategic Investment Priority Plan , Hich Gives Tax Perks On Investments In Energy Efficiency And Establishment Operation Ofe Vehicle Infrastructure Like Charging Stations Meanwhile , Nother Chinesee Vehicle Manufacturer Is Searching Fora Location In The Philippines For Its Assembly Plant , Odolfo Shared He Said The Company Is Biggeste Vehicle Assembler In World Rodolfo Investments Of Chinesee Firms Are Offshoots Visit President Ferdinandr Marcos Jr To China Early This Year Pointed Out That Philippines Isa Good Investment Hub Fore Assembly Since Country Has Gems , R The Resources Of Green Metals , Nd Software Development Pna ,