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Philipines: Foreign firms eye e-vehicles

The country’s alternative fuels industry has drawn support from several notable foreign companies, including LG Corp., Nissan Motor Co., Sanyo Electric Co. Ltd., Yamaha Motor Co., Toyota Motor Corp. and Hitachi Ltd., a government official said.

Energy Undersecretary Loreta Ayson said Friday Ricardo plc, an engine and electric vehicle maker based in the UK, had expressed interest in the e-vehicle project of the government.

She said Yamaha was interested in assembling e-vehicles while Toyota plans to develop charging stations.

Ayson said Hitachi, meanwhile, offered to supply electric motors, while Nissan, Sanyo, Dow Chemicals, LG and GB Systems proposed to produce lithium ion batteries.

“For electric tricycles, foreign investors are looking at setting up businesses here. Malaysian companies are interested in assembling e-trikes locally,” Ayson said.


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