Philippine EVs eye Chinese investment

The Philippines' electric vehicle industry is seeking more Chinese investments, with industry executives noting that Chinese automakers have the technology and financing that can help boost the local EV and battery manufacturing sector.

"Chinese investments are critical for the development of the EV industry in the Philippines," Rommel Juan, chairman of the Electric Vehicle Association of the Philippines, or EVAP, told China Daily.

He said that as one of the world's biggest EV markets, China is a global trendsetter for EVs. The EVAP, which was set up in 2009, includes Chinese car companies' branches in the Philippines, and "they're really the ones who are making the (local EV) industry grow".