BDJA and DTI Philippines Discussed the EV Investment and Cooperation

Beidou Jiean
2024-09-13
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On September 11, 2024, Undersecretary of Trade and Industry (DTI) Mr. Ceferino S. Rodolfo led a delegation from the Board of Investment (BOI) of the Philippines on a visit to Beijing, and engaged a one-on-one business meeting with Mr. Alvin, Chairman of BDJA, to explore collaboration opportunities in the projects of electric jeepneys, electric tricycle and electric motorcycle projects.

Forth from left : Mr. Alvin, Chairman of BDJA 
Third from right : Mr. Ceferino S. Rodolfo, Undersecretary of DTI of Philippines

During the meeting, Mr. Rodolfo emphasized that BDJA represents a significant investor in the Philippines. The cooperation between the two sides in the realm of new energy electric vehicles will greatly facilitate the sustainable development of the Philippines in the field of new energy transportation, ultimately benefiting enterprises, consumers, and the economy at large.

Meanwhile, the representative from the BOI expressed that BDJA is an active and proactive partner of the Philippine government in the development of green energy. The BOI commended BDJA's electric vehicles and smart ecosystem, which are instrumental in helping the Philippines move away from its dependence on traditional fossil fuels, fostering the utilization of renewable energy, and significantly contributing to the development of the country's new energy electric vehicle industry chain and the establishment of a locally owned electric vehicle brand. 

Mr. Alvin, Chairman of BDJA, remarked that the world is transitioning towards a greener and lower carbon environment, with the electrification of transportation being a pivotal step. The most efficient way to accelerate this process is to provide economical, practical, and holistic energy solutions alongside comprehensive ecosystem support to consumers. BDJA is confident and capable of assisting the Philippines in its green transition, fostering a mutually beneficial scenario among enterprises, society, and the government. 

This meeting not only underscores the recognition of theand  DTI of the Philippines for BDJA's innovative new energy products and capabilities but also lays a solid foundation for the company's future endeavors in the Philippine market. BDJA aspires to further expand its cooperation with various parties in the Philippines, jointly offering innovative products and solutions to consumers, and vigorously promoting the electrification process and the construction of a new energy ecosystem, thereby empowering the transformation towards green urban transportation in the country.

It has been reported that to bolster the growth of green industries, the Philippine Economic Development Council announced on May 16th that the country has extended the zero-tariff policy for electric vehicles and their components until 2028. This initiative aims to wean the nation off its dependence on fossil fuels and stimulate the development of its electric vehicle market. The Council, chaired by President Ferdinand Marcos Jr., has also expanded the preferential tariff rate to cover hybrid vehicles, electric motorcycles, and electric bicycles.