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Manila Bulletin devider Business devider Trade & Industry devider PH-China sign strategic electric vehicle partnership

PH-China sign strategic electric vehicle partnership

Published Jun 11, 2024 07:03 am

The Electric Vehicle Association of the Philippines (EVAP) and the China Council for the Promotion of International Trade Automotive Sub-Council (CCPIT-Auto) have signed a Memorandum of Understanding (MOU) to foster collaboration between the Philippines and China, encompassing the entire EV industry’s value chain.

EVAP Chairman Rommel Juan and CCPIT-Auto Assistant Chairman James Chai formalized the agreement, with EVAP Chairman Emeritus Ferdinand Raquelsantos witnessing the signing ceremony during the China Auto Chongqing Summit, held from June 6-8, 2024, in Chongqing, China.

Juan cited the partnership as a landmark deal, which seeks to leverage the strengths and capabilities of both organizations to accelerate the growth and adoption of electric vehicles. “By combining resources and expertise, EVAP and CCPIT-Auto are committed to advancing innovation, technology transfer, and market development in the EV sector,” said Juan.

"This MOU marks a significant milestone for EVAP and the Philippine EV industry. Our collaboration with CCPIT-Auto will open new avenues for knowledge sharing, investment opportunities, and the development of sustainable transportation solutions," said Juan.

For his part, Chai echoed the Filipino counterpart sentiments, highlighting the mutual benefits of the agreement. He said, "China and the Philippines share a common vision for the future of mobility. Through this MOU, we aim to create a robust platform for cooperation that will drive the electric vehicle industry forward, benefiting both nations and contributing to global sustainability goals."

The MOU outlines several key areas of cooperation, such as technology exchange and innovation for technological advancements and best practices in EV manufacturing, battery technology, and charging infrastructure.

Both partners also agreed on investment and market development by promoting joint ventures, investments, and market expansion initiatives to enhance the competitiveness of the EV industry in both countries.

They will also advocate for policy and support recommendations to ensure the growth of the EV sector and address regulatory challenges.

In addition, both parties will promote training and capacity building programs to enhance the skills and knowledge of professionals in the EV industry.

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