Industry Information
Apr. 27, 2025
On February 21st, the "3rd China International New Energy Vehicle Supply Chain Conference and Overseas Expansion Forum," organized by the China Equipment Management Association's New Energy Vehicle Industry Development Promotion Center, was successfully held.
Ambassadors, economic and commercial counselors, and officials from the embassies of 21 countries, including Armenia, Brazil, Colombia, Czech Republic, Finland, Grenada, Greece, Hungary, Indonesia, Italy, Malaysia, Mexico, Morocco, the Netherlands, Pakistan, the Philippines, Slovakia, Spain, Switzerland, the UK, and the US, attended the event. Additionally, overseas government officials, heads of international organizations, as well as over 1,000 guests from domestic and international vehicle manufacturers, supply chain leaders, and research institutions gathered to explore global development and cooperation opportunities within the new energy vehicle supply chain. A total of 1,800 new energy supply chain enterprises participated in the event.
Glenn Penyalanda, the Trade and Investment Counselor at the Philippine Trade and Investment Center (Beijing), attended the forum and delivered an important speech. He provided a detailed overview of the development opportunities in the Philippine new energy vehicle sector. Highlighting the country's rapid economic growth, large and youthful population, and commitment to accelerating the transition to green mobility, he emphasized the Philippines' ambition to become a competitive market and hub for electric vehicle and power battery manufacturing and assembly. The processing of nickel, as well as the production of batteries and electric vehicles, is crucial to the Philippines' economic transformation.
Glenn Penyalanda stated that new energy cooperation is a key priority in the bilateral economic relationship between the Philippines and China. This also reaffirms the ongoing collaboration in the renewable energy and battery industries, as well as between China's leading automotive and electric vehicle manufacturers. He believes that with the Philippines possessing the core foundational resources needed for electric vehicles and power batteries, the prospects for cooperation between the two countries will be even broader. This is what we call "GEMS."
(1) Green Metal Supply (G)
Penyalanda pointed out: "The Philippines is rich in green metal supplies, especially key raw materials for power batteries such as nickel, copper, and cobalt. The Philippines is the largest supplier of nickel ore to China." This provides a solid foundation for cooperation between the two countries in the new energy vehicle sector.
(2) Electronic Manufacturing Advantage (E)
Penyalanda emphasized: "‘E’ represents the Philippines’ deep expertise in electronic manufacturing. Electronics manufacturing is a crucial component of electric vehicles."
(3) Market Accessibility (M)
Regarding market advantages, Penyalanda stated: "The Philippines has significant access to both local and global markets. Our annual automotive market is 475,000 vehicles, and we are one of China's major export markets for automobiles. At the same time, the Philippine market is showing strong growth, with electric vehicle sales expected to grow by at least 10%. By 2040, the Philippine market will require approximately 6 million electric vehicles and 147,000 charging stations."
(4) Software Development Advantage (S)
On software development, Penyalanda explained: "S represents our advantage in software development, which connects software with the hardware of new energy applications. Our strategy is to leverage these resources and advantages to position the Philippines as part of the regional and global clean technology value chain."
To fully leverage these resources and advantages, Penyalanda introduced: "The Philippines has established a series of favorable support policies aimed at attracting and promoting global investors, including those from China. These policies include reducing tariffs on electric vehicles and their components, allowing 100% foreign ownership in manufacturing, and offering a package of incentives through the Electric Vehicle Industry Development Act (EVIDA) and the CREATE MORE Act."
At this exhibition, the Philippines not only participated in the 3rd China International New Energy Vehicle Supply Chain Conference and Overseas Expansion Forum but also actively engaged in in-depth discussions and cooperation negotiations with several Chinese companies on-site.
Looking to the future, Penyalanda stated: "We look forward to continuing to deepen cooperation with China's electric vehicle industry, jointly promoting the prosperous development of the new energy vehicle sector, and making significant contributions to the improvement and development of the global new energy vehicle supply chain."
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