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Government ramps up drive to attract EV makers

Government ramps up drive to attract EV makers
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Chinese EV, battery producers invited to invest in PH

MANILA - The Department of Trade and Industry (DTI) on Friday said the agency has promoted the Philippines to Chinese manufacturers of batteries and electric vehicles as their next destination for their investments. This as the DTI participated in the 2022 International Summit on Lithium Battery Technology and Application for Light Electric Vehicles (BLEV 2022) in Guangzhou, China recently, where it pitched the investment opportunities in the Philippines for e-vehicle and battery manufacturers. DTI Foreign Trade Service Corps (FTSC) Assistant Secretary Glenn Penaranda told Chinese firms that the Philippines enacted the Electric Vehicle Industry Development Act (EVIDA) into law last May which will support the growth of the local e-vehicle industry. "(EVIDA) provides for a national policy framework to develop the electric vehicle industry in the Philippines, particularly for the shift to EVs and for further attracting investments and creating high-value jobs," Penaranda said. W ....

Ramon Lopez , Glenn Penaranda , Alfredo Pascual , Foreign Trade Service Corps , Public Utility Vehicle Modernization Program , Vehicle Industry Development Act , International Summit On Lithium Battery Technology , Lithium Battery Technology , Slight Electric Vehicles , Trade Service Corps , Assistant Secretary Glenn Penaranda , Electric Vehicle Industry Development Act , Comprehensive Roadmap , Electric Vehicle Industry , Electric Vehicle Incentive Strategy , Strategic Investment Priority Plan , Manila The Department Of Trade And Industry Dti On Friday Said Agency Has Promoted Philippines To Chinese Manufacturers Batteries Electric Vehicles As Their Next Destination For Investments This Participated In 2022 International Summit Lithium Battery Technology Application Light Blev Guangzhou , China Recently , Here It Pitched The Investment Opportunities In Philippines Fore Vehicle And Battery Manufacturers Dti Foreign Trade Service Corps Ftsc Assistant Secretary Glenn Penaranda Told Chinese Firms That Enacted Electric Industry Development Act Evida Into Law Last May Which Will Support Growth Of Locale Quot Provides Fora National Policy Framework To Develop , Articularly For The Shift To Evs And Further Attracting Investments Creating High Value Jobs , Uot Penaranda Said With The Passage Of Evida , Ndustry Stakeholders Will Createa Comprehensive Roadmap For The Electric Vehicle Industry Crevi That Serve Asa National Blueprint Thee Sector Aims To Accelerate Development , Nd Utilization Ofe Vehicles And The Electric Vehicle Incentive Strategy Evis Aside From Evida , Ther Policies Of The Philippine Government To Promote Growth Ofe Vehicles In Country Include Public Utility Vehicle Modernization Program And Strategic Investment Priority Plan Sipp , Here Investments In Green Ecosystem Are Qualified For Fiscal Incentives Under The Tier Ii Of Sipp , Nvestments In Green Economy Include Assembly Ofe Vehicles Manufacture Of Parts And Components Establishment Operation Vehicle Infrastructure Such As Charging Stations ,

Rising prices of raw materials Lithium electrification of electric light vehicles meets challenges?_SMM

[raw material prices rise, lithium electrification of electric light vehicles meets challenges? The transition period of the "new national standard" in many places will end in 2022-2023, and according to institutional analysis, the demand for larger replacement may begin to be released intensively from 2022, which will promote the rapid growth of demand for lithium batteries for electric bicycles. As the largest owner of electric bicycles in the world, the number of electric bicycles in China has exceeded 350 million, and the annual sales in recent years has been maintained at about 30 million. ....

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