Chinese automaker BYD is reportedly exploring the possibility of setting up an EV assembly plant in the Philippines, but said that such a move would very much depend on the level of government support and incentives, including tax exemptions, the Philippine Daily Inquirer reports.
According to James Ng, BYD MD for its Philippines and Singapore units, the company was still in the exploratory stage and studying the feasibility of developing a local assembly line. “We have no plans at the moment, but we are exploring,” he said.
Ng added that the automaker was presently focusing on its distributorship partnership with AC Motors, an Ayala Corporation subsidiary. Earlier this month, BYD and AC Motors announced a partnership deal in which 12 BYD dealerships are expected to be opened in the Philippines over the course of the next 12 months, with the Atto 3 SUV set to be introduced by the end of the year.
The Philippines isn’t the only country in the region vying to set up a BYD plant. Earlier this year, it was reported that Vietnam and Indonesia are also competing with it to host an EV assembly plant for the Chinese EV maker.
Like Indonesia, the Philippines is also a major producer of nickel reserves, reportedly the second-largest producer of the resource globally in 2022, making it a good option for producers of EVs and batteries, where the metal is key raw material.
Having previously missed out on investment opportunities due to its costly power rates, the country is positioning itself as a hub for sustainable manufacturing facilities. By 2040, it aims to increase the share of renewable energy to half of its electricity mix from around 30% currently.
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Anwar menang, investment mari
Its okay, Anwar later say we are not competing with Pinoy too. To his BAR we should only be competing with Zimbabwe. Deswai his macais keep saying Malaysia will become Zimbabwe of Asia soon, they will make this their dream come true.
If Malaysia is becoming Zimbabwe of Asia, then MYR should also be like Zimbabwean dollar, with bank notes printed with more zeroes than you can count with your fingers. But biggest MYR bank note still has only 2 zeroes. So, stop lying.
Anwar menang, investment lari
Honda used to assemble cars in Philippines (led to the wacky 3-4-3 10 seater 2nd generation CR-V) but ceased assembly operations in 2020.
Dulu with Azminkor they say want to come here, now Azminkor & Sabrikor is gone, BYD oso cabut lari when they see the inept & incompetent PH somehow manage to con their way into being Gomen.
Probably more like his team too much direct negotiation tender given to cronies only making them scared to come back here also.
Want to lie to who? Under their leadership, we got Porsche to come, we got VW to allow CKD of Golf GTI the first ever outside of Germany, Chery came to setup a factory unlike a certain T brand that came just to sell their cars, we nearly got BYD to setup a CKD here too but evidently they went to Phil instead. Direct nego or whatnot, who cares as we get their business. Now you can talk about tender all you like until turn blue but we still aren’t pulling them back so what is the point.
Dude, go migrate to Singkieland or just move to Kelantan. No menteri is gonna read your wall of text here
No lah. They came to get business from us & if possible, from neighbouring countries. These companies run on profits from sales, not from local politics.
So what? If you are so lusting over byd then go to their homeland then. There are piles of abandoned byds on the field.
We want foreign FDI not simply kosong MOU saja. We dun care if the FDI is a black car or white cat as long as it comes here it is a Good Cat. Now we have no cats but lots of rats like yourselves.
from your fake news. Since when Malaysia has no cats?
Fake news. We don’t have pedigree cats we only have stray cats but upsold by PH to look like pedigree but they aren’t fooling anyone but themselves.
Thank you for confirming that your story of PH upselling stray cats as pedigree cats, is actually fake news.
Yup. PH is all about fake news after all bro
Thanks bro. Now we know you’re another creator of fake news.
The “thousands of abandoned China EV proves fake EV sales number” story has been debunked. Inside China Auto (non-Chinese channel) went on site to find out the truth. And those abandoned EVs are Neta Vs, not BYDs, that are part of rideshare companies that have gone bust.
If you do not want to change your mind and I am sure you don’t, do not watch that video
BYD company as commercial branch of Zhongguo Gongchandang does not care about politicians in small south east Asian countries & does not run away. It will find way to make as much profit possible for the party & the motherland from people in small South East Asian countries.
Having it in Philippines is not quite the same. They are a left hand drive market, suitable to serve America and Europe.
For right hand drive production, please come to Malaysia. We shall also inject some Lotus tuning.
You think they will come when PH openly profess their hatred & mistrust for China? Go figure. Maybe if PH gets replace as the Federal Govt perhaps they might consider it.
PH is said to hate & mistrust China but PN says China is DAP motherland.
Zhongguo Gongchandang is the only power in the motherland. Other parties are strictly not allowed.
So what else is new since 1949?
PN says China is DAP motherland. But PN never said they hate China. See the difference.
If PN hates DAP but doesn’t hate China, it shouldn’t associate DAP & China via the motherland relationship.
PN doesn’t need to say they hate China. They just link China as the motherland of what they hate, DAP.
PN never said they hated DAP either. But PH macais clearly said they hate China dulu dan kini. So it is not PN that chased China away but it was the hatred from PH. See the difference.
Are you trying to spin doctor your way out of your own mess? Didn’t PN say no to DAP? May be you also say no to crime without hating crime.
cingcong = DAP/PH = hate China
Looks like mossad ordered to you to stay back & try destabilising the country again with fake news involving China.
If PH openly profess their hatred & mistrust for China, Geely should have already pulled out of the country.
All companies from the motherland are commercial branches of Zhongguo Gongchandang.
Look how PH in 2018 treated Proton & Geely fter they got preferential treatment from PM Najib for coming here, even threatening to come out 3rd national car to fight against Proton/Geely partnership. Thanks to Najib they have invested here so not so easy to pull out but they nearly did if P3 had went ahead.
The 2018 PH admin was led by PM7 who was PM4. Indeed he was against PM6 & seemed intent to undo what PM6 had done. So, the mainland ruling party sent in alibaba boss to meet PM7 as their unofficial ambassador of commerce, to cool things off. Geely got to continue with their business plans & PM6 became a special guest of the government in Kajang.
PM6 Gomen siapa? BN (Geely masuk)
PM7 Gomen siapa? PH (China lari)
PM8&9 Gomen siapa? PN&BN (Chery masuk)
PMX Gomen siapa? PH (China lari)
Nuff said kthxbye
China lari? Negara besar dgn tentera besar takut dgn ahli2 politik negara yg lebih kecil? Para pelancong dari China pun dah mula kembali bercuti di Malaysia.
AutoFrenz (the original) on Aug 22, 2023 at 8:16 pm
dulu najib pun jual negara ke china…
This is proof that PH macais sow hatred to China. Nuff said, case closed, PH guilty. End of story.
You bring a comment here from another thread in another article & you childishly pass your own personal verdict, play acting like judge, jury & executioner. But the reality is that this is just the comment section for grown-ups, not a children’s play room for you.
Sori bro ur just slapping ur face for showing ur hatred to China and now denying it.
Sorry for you bro. Nobody is going to slap own face just because you childishly say so.
You have to stop your kindergarten judge play acting antics. Nobody’s going to care about your ‘slapping your own face’ sentencing.
Bad move if BYD set up a plant in Pinoy land. Marco jr is a paid puppet for Washington. This could be a potential disaster for BYD as the Pinoy gov is very unstable especially when it comes to its policies. There is no way Philippines can make any decision on any policies without the green light from America. I suggest BYD better consider Vietnam,Laos, Indonesia instead. Malaysia would be nice but I believe our current gov is also a semi paid puppet of the USA
This is obvoiusly BYDs tactics to get the best government deal. They’re hoping other governments will notice and start making offers.
Of course laa bila meminang jodoh mesti la pick the best deal, tak kan la doctor mau kawin dgn Bangala. Tapi janji2 lepas kawin tu mesti mau tunangkan, jangan jadik macam ketua2 PH hanya tau janji manis tapi xde niat mau bagi lepas dah jadik gomen.
tak apa, bangala. kalau tak suka politik malaysia, nanti ada abg jim dtg utk uruskan hantar bangala balik ke kampung halaman, kembali ke sisi keluarga yg disayangi.
BYD car is ok. We know that the car is from China. But the problem is the Chinese business people whom we cannot trust because of their bad business behavior and crazy style. Look what happened in WPS, the same old story. No standing honor or words of honor
What happened to my comments, may be blown by the wind