MANILA – Trade and Industry (DTI) Secretary Ramon Lopez said the Philippines can be a regional hub for the manufacture of electric vehicle (EV) components like auto-electronics, charging stations, and battery.
Speaking at the recent 8th Philippine Electric Vehicle Summit held online , Lopez said the country has three key advantages in the global EV industry. These include the country’s strong electronics and electronic parts sector, mineral resources, and enhanced competence in EV technology.
He urged Filipinos to envision their country as a globally competitive and innovative manufacturing hub for the global EV industry which accounts for over 50% of the country’s exports, noting that the Philippines is rich in mineral resources, such as nickel and cobalt that are used for producing batteries.
“In fact, the Philippines hosts 5 percent of the world’s nickel reserves and 4 percent of global cobalt reserves. Let’s make use of these valuable reserves to produce high value products such as batteries,” he said.
He disclosed that said the Philippine Nickel Industry Association (PNIA) has partnered with the Power Battery Application Committee of China Industrial Association of Power Sources (CIAPS-PBA) to deepen the country’s nickel industry’s participation in the global supply chain for battery production.
EV manufacturer Tojo Motors has also partnered with the CIAPS-PBA for the sourcing of battery cells and with Jiangsu Highstar Battery Manufacturing Company for the local assembly of EV batteries.
Lopez said the EV industry also forms part of the priority sector under DTI’s Inclusive Innovation Industrial Strategy promoting the adoption of the Fourth Industrial Revolution.
He noted that global sales of electric cars in 2019 increased by 40 percent even as the overall car market declined by 15 percent, citing data from the International Energy Agency,
“That’s an additional 2.1 million EVs for a total of 7.2 million in the world today. This is the future and their transformation has started. We should not be left behind,” Lopez said.