Ayala Corporation to make self-driving cars in Philippines with USD 100 million investment by 2019

google self driving 1

Giant Philippines conglomerate Ayala Corporation, via its vehicle division AC Industrial Technology Holdings (ACITH), is ready to invest up to USD 100 million (RM403 million) in an effort to make the Philippines a hub for manufacturing self-driving cars in Southeast Asia.

The company is currently in discussion with “more than three” foreign car companies to form a joint-venture with the sum representing AC Industrials 50% initial share. This was said by Arthur Tan, ACITH head, in an interview with Nikkei Asian Review.

While refusing to reveal the names of the companies ACITH is negotiating with, saying that he was bound by non-disclosure agreements, Tan revealed discussions begun with Volkswagen in 2013 are still on-going. Tan said the joint-venture (JV) will manufacture autonomous cars, and he hopes to conclude negotiations and begin project preliminaries in three years.

Uber self-driving Ford Fusion-01

Tan also said the JV would not make ‘conventional cars’, a market already populated by Thailand, Indonesia and Malaysia. “We saw an opportunity where the automotive industry itself is being disrupted. The established manufacturing facilities are not set to produce these next-generation vehicles,” he said.

Ayala Corp also has Integrated Micro-Electronics (IMI), a business unit that manufactures automotive electronics, including cameras for autonomous cars. IMI recently acquired German firm VIA Optronics that manufactures optical bonding and display solutions that could find a place in vehicles.

“Ayala, with an ASEAN footprint, has an opportunity to now leapfrog the current established players in the region and set us apart in being the partner of choice for (car) companies,” said Tan.

Looking to sell your car? Sell it with Carro.

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Mohan K Ramanujam

Coming with diverse and extensive experience in heavy engineering, Mohan enjoys making anything with wheels go fast, especially motorcycles. His weapon of choice is the Desmoquattro engine, and he has a penchant for anything with a dash of Italian design. Strangely enough, he insists he's a slow rider.

 

Comments

  • Lee Kum Kee on Aug 25, 2016 at 2:22 pm

    USD100mil only? That is worth nothing for new car plant setup. Tesla R&D alone already cost USD300mil. Unless bambino here is referring to upfront payment aka ‘coffee money’ to clear all the bureaucracy tolls in Filipinas..

    Like or Dislike: Thumb up 2 Thumb down 3
    • Rahman on Aug 25, 2016 at 3:31 pm

      That is for the Manila Exposed films la. The real deal is billions.

      Like or Dislike: Thumb up 0 Thumb down 0
    • cheap labor bro

      Like or Dislike: Thumb up 0 Thumb down 0
    • Saitam on Aug 26, 2016 at 2:59 pm

      As you have pointed out yourself, it is to make a manufacturing plant, not doing R&D. And it is also a JV, so they don’t takeup all the cost.

      And I think you shouldn’t comment about the corruption in other country before looking in the mirror yourself, because if the filipinos whack you back with their comments, you have no place to hide.

      Like or Dislike: Thumb up 0 Thumb down 0
  • I thought it was Ayam Corporation…

    Like or Dislike: Thumb up 0 Thumb down 0
  • Small investment, only 1/36 of Najis’s 3.6 billions.

    Like or Dislike: Thumb up 0 Thumb down 2
  • johorian on Aug 25, 2016 at 6:07 pm

    see our 1.5B comes out outdated no one buy junkies..

    Like or Dislike: Thumb up 0 Thumb down 2
 

Add a comment

required

required