Japanese automaker Mitsubishi is reportedly considering setting up an electric vehicle (EV) battery plant in the Philippines, a move that could significantly boost the country's growing EV market and create new job opportunities. According to industry sources, the potential investment is part of Mitsubishi's broader strategy to expand its EV production capacity in Southeast Asia, where demand for eco-friendly vehicles is on the rise. The Philippines has been actively courting foreign investors to establish a robust EV ecosystem, offering attractive incentives and a favorable business environment. If successful, the proposed battery plant would be a major coup for the Philippines, cementing its position as a key player in the region's EV landscape.
Mitsubishi eyes EV battery plant in Philippines Just Auto
