Filinvest turns over first ready-built factory to EV battery manufacturer

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Filinvest turns over first ready-built factory to EV battery manufacturer
Philippines Latest News,Philippines Headlines
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THE Filinvest Innovation Park in Filinvest New Clark City in Tarlac has turned over a ready-built factory to StB GIGA, the newly established Philippine entity of StBattalion Pte. Ltd.

The company said the handover signifies the commencement of StB GIGA’s move-in process, paving the way for their lithium iron phosphate battery manufacturing facility within the industrial park.

Dennis Chan Ibarra, CEO of StB GIGA, said his company is “dedicated to pioneering a new era of sustainable development.” The parent company of StB GIGA, StBattalion, is jointly owned by the St Baker Energy Innovation Fund, which is managed by StB Capital Partners. The said ready-built factory unit handed over to StB GIGA encompasses 5,000 square meters of modern industrial space, designed for seamless integration and immediate operational use by businesses. These facilities, coupled with Filinvest New Clark City’s strategic location and advanced infrastructure, create an ideal environment for StB GIGA to establish a thriving electric vehicle battery production hub.

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