The newly-inaugurated manufacturing plant for lithium-iron-phosphate batteries in New Clark City in Tarlac is proof that the Philippines and Australia can work together in addressing global concerns, such as climate change.
Australian Ambassador in Manila HK Yu said Monday, Sept. 30, that the StBattalion (StB) Giga Factory, which is the Philippines' first manufacturing plant for lithium-iron-phosphate batteries, "is a fantastic example of how governments and businesses can work together to tackle even the biggest challenge the world is facing right now" while also contributing to the prosperity of both countries.
"It was only just over six months ago that we had the pleasure of citing the signing of the MOU (memorandum of agreement)...and here we are," Yu said.
"I would say that today, we are witnessing our strategic partnership in action," she added.
Yu attended the ceremonial switch-on of StB, which is funded by Australian investment firm St Baker Energy.
The project was part of the investment commitments announced at the ASEAN-Australia Special Summit in March, during which President Marcos Jr. secured P86 billion worth of business deals.
"Together, Australia and the Philippines, we are making important strides towards the world of our dreams," Yu said.
"I believe that with, Mr. President, your staunch support for our bilateral relationship, we will all be inspired and energized to keep this work going, to work together to create the world that not only we deserve, but our future generations deserve," he added.