A Chinese business delegation is exploring investment opportunities in the Philippines’ electric vehicle (EV) and renewable energy (RE) sectors, the Board of Investments (BOI) said in a statement.

According to the BOI, officials recently met with executives from Chinese companies engaged in EV manufacturing, solar power systems, and smart manufacturing products. The firms presented their project portfolios and expressed initial interest in potential ventures in the country, as reported by Business World.

BOI Executive Director Evariste M. Cagatan said the Philippines’ investment policies make it a viable destination for foreign companies looking to participate in the EV and renewable industries.

Cagatan cited several key policies that encourage clean energy investments, including the Electric Vehicle Industry Development Act, the proposed EV Incentive Strategy, and the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

“The meeting is part of the BOI’s ongoing efforts to attract sustainable, innovation-driven investments and support the country’s clean energy transition,” the agency said.

The BOI added that the engagement reflects the government’s goal of positioning the Philippines as a competitive regional hub for EV manufacturing and renewable technologies.

Do you think foreign participation in the EV and renewable energy sectors can accelerate the Philippines’ clean energy transition?

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