/ News
Chinese EV company Yadea invests in new production facility in Batangas
The company is looking to invest the equivalent of P56 billion in the new battery factory.
Yadea, a Chinese company that focuses on electric two-wheelers, offers a diverse range of models to accommodate the requirements of various commuters. Their collection primarily includes electric scooters, mopeds, and bicycles that are designed to provide practical and cost-effective mobility options. Yadea continues to make progress and has recently disclosed plans to invest around P56 billion in a new manufacturing plant located in Batangas, demonstrating their commitment to expansion and growth.
Despite the Philippines still being in the process of fully adopting electrification, there has been an increasing presence of electric scooters and bicycles on the country's roads. Additionally, there has been a notable development in the industry as California-based electric motorbike manufacturer Zero Motorcycles has partnered with the Ayala Corporation. This collaboration aims to manufacture electric motorcycles specifically for the Southeast Asian market.
Meanwhile, Yadea, being the emerging company that it is, currently operates six production facilities in China and one in Vietnam. These facilities are responsible for manufacturing Yadea's electric two-wheelers, catering to the domestic markets as well as exporting to neighboring countries. Establishing a presence in the Philippines offers significant opportunities for Yadea due to the country's high reliance on motorcycles for transportation. Furthermore, the Philippines has been actively implementing measures to attract direct foreign investment, such as reducing taxes and expediting permit processes, which further enhances the prospects for Yadea's expansion in the country.
Based on a Reuters report, Yadea has indicated its intention to submit a PEZA (Philippine Economic Zone Authority) application to establish a battery factory in Batangas, which is located approximately an hour's drive from Metro Manila. If approved and constructed, this battery facility by Yadea will not only meet the local demand but also serve the needs of nearby Asian countries.
Tagged Under
Related Articles
-
Harley-Davidson’s LiveWire is getting serious about small electric bikes / News
LiveWire unveils two lightweight electric motorcycle concepts designed for beginners, commuters, and weekend riders.
-
Honda launches E-VO electric motorcycle exclusive to China, for now / News
Honda has pulled the covers off the E-VO, a fully electric futuristic motorcycle in the Chinese market.
-
Suzuki’s new electric motor patent could hint at a new electric dirt bike / News
Suzuki is working on a new electric motor for what appears to be an electric RM-Z motocross bike.
-
Benelli unveils 902S naked streetfighter in China / News
Benelli has unveiled the 902S naked bike in China, hinting at a global launch of the muscular naked bike in the global market soon. Could we get this bike in the Philippines, too?
-
Check out Hero MotoCorp’s Vida Concept Lynx electric dirt bike / News
India’s Hero MotoCorp has unveiled the Concept Lynx, an electric dirt bike under its electric mobility subsidiary Vida.
Latest News
-
New Moto Morini Alltrhike will go against RE Himalayan and CFMOTO 450MT / News
Moto Morini has launched the Alltrhike in the global market, a 450cc ADV that will challenge the competition.
-
Is there a place for the Honda CUV e: electric scooter on Philippine roads? / News
The Honda CUV e: has just launched in the UK and Europe, is there a place for it right here in the Philippines?
-
Triumph Thruxton 400 set to launch in India in August, coming to PH soon? / News
Triumph is set to launch the new Thruxton 400 in India in August 2025—could it be coming to the Philippines soon?