The Philippines is actively seeking to strengthen its role in the global electric vehicle (EV) industry by inviting China to invest in green metals, electric vehicles, and battery manufacturing and assembly, it was learned recently.
In a news release, the Department of Trade and Industry (DTI) said that as part of its ongoing efforts to attract foreign investments, its Philippine Trade and Investment Center in Beijing (PTIC-Beijing) participated in the 3rd China International New Energy Vehicle (NEV) Supply Chain Conference and Going Global Forum on February 21.
Through this forum, the Philippines showcased its competitive advantages within the global EV industry, emphasizing its potential as a strategic partner in sustainable mobility solutions.
DTI said its participation in the forum aimed to bolster the country’s position within the new energy vehicle (NEV) supply chain, with a particular focus on green metals, electronics, and growing market software (GEMS) capabilities.
“The GEMS strategy leverages the country’s abundant supply of green metals such as nickel, copper, and cobalt; strengths in electronics manufacturing and software development; and access to both local and global markets,” said PTIC-Beijing Commercial Counsellor Glenn Peñaranda.
He said the country aims “to establish the Philippines as a regional hub for electric vehicle (EV) and battery manufacturing and assembly.”
DTI said this strategy is supported by the country’s large, youthful population, which serves as a strong workforce to sustain and grow the EV sector.
During the event, PTIC-Beijing engaged with industry leaders, investors, and key stakeholders, generating significant interest in battery charging systems and value-added services for smart vehicles.
This engagement allowed the Philippines to highlight its investment-friendly environment, which includes preferential policies on tariffs, foreign ownership, and tax incentives, aimed at facilitating business operations for foreign investors.
The Philippines’ participation in the conference underscores the country’s commitment to supporting green and digital transformation in the automotive industry, while strengthening its ties with China in the rapidly growing NEV sector.
