Let’s hope this new start-up would be successful in its business plans. If successful, it has first mover advantage in developing a market for e-vehicles in the ASEAN region.
From the Manila Bulletin
E-vehicle Assembler Seeks Incentives
MANILA, Philippines — Philippine Utility Vehicle Inc. (PhUV Inc.) is investing P300 million for the assembly of e-vehicles that would include electric jeepneys and e-trikes for the domestic market as the all-Filipino company vies for the supply of the $500 million e-trike program of the government.
Ferdi Raquelsantos, president of PhUV Inc., said they have already submitted its application with the Board of Investments so they would be entitled to pioneer incentives. The group’s original application, which was submitted last year, was for the assembly of e-jeepneys but they had to revise it to include the assembly e-trikes.
PhUV stockholders are composed of six Filipino automotive players which banded together to put up this green transport and aiming to replace the traditional fossil fuel fed jeepneys and help reduce pollution.
Members of this pioneering project are all local industry stakeholders, who contributed their individual expertise in auto parts manufacturing.
Aside from Raquelsantos, who is also president of AutoFIR Enterprises – for seatbelt production, other PhUV shareholders are Centro Manufacturing as body builder; Vic Co from Manly Plastics INC. (manufacturer of plastic parts for appliances, office equipment and automotive); John Lee of Nito Seiki (manufacturer of electricals, bolts, castings, etc) ; Pia Mirasol of Glassworks; Eddie Jose, president of Kyoei Kogyo (Phils.) Corp. for chassis; and Feliciano Torres of Yazaki-Torres Manufacturing Inc. for wiring harness.
He said that the led-acid battery for the e-trikes, which is three-wheeled vehicle with one wheel in front and two at the back as opposed to the traditional tricycle which has a side car, can be supplied by Motolite and PhuV.
The battery can last for 6 to 8 hours for a cost of P70 a day as against the P300 per day cost for a gasoline tricycle.
Based on its timetable, they can start pre-production this year and assembly by next year. The group has the capacity to assemble 200 units a month.
According to Raquelsantos, the e-vehicle parts, except electric motor and controller, are locally manufactured. They are also in talks with foreign manufacturers to invest in the country the production of electric motors and controllers.
Thus, Raquelsantos said the e-trike project of the government is crucial as this would spark enough volume to start local production. A pre-qualification of bidders for the e-trike project is targeted in the first week of October and bidding by November. Aside from Filipino bidders, there are also other interested parties including foreign companies for the e-trike project.
Raquelsantos, however, said that the price initially pegged by ADB for the e-trike project of $2,500 per unit was a little bit low.