BYD May Enter The Philippines As A Car Manufacturer | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices

BYD may enter the Philippines as a car manufacturer. BYD PHLAutoIndustry CarGuidePH

The Philippines is courting for a new carmaker to setup shop locally. According to Department of Trade and Industry Undersecretary Ceferino Rodolfo the country along with Vietnam and Indonesia are competing to secure a second EV assembly plant for China’s BYD. Rodolfo said that the Chinese auto giant and largest New Energy Vehicle brand in terms of volume, is in “advanced stage of discussions” with the Philippines.

The Philippine government is offering tax breaks and other incentives under the Electric Vehicle Industry Development Act or EVIDA. Southeast Asian nations are racing to attract investments in EVs as global carmakers pivot away from the combustion engine, a transition that China has been dominating. Great Wall Motor Co. has already set up a production line in Thailand, while nickel-rich Indonesia has drawn interest from both BYD and Tesla.

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