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March 3rd, 2014 10:56 AM #152
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E-jeepney maker eyes foreign markets
PHILIPPINE Utility Vehicle, Inc. (PhUV) is in talks with prospective Taiwanese investor TECO Electric & Machinery Co. Ltd. to increase production of electric jeepneys and, eventually, sell them elsewhere in Southeast Asia.
“We’re in talks with TECO. They want to have a piece of the pie in electric vehicle (EV) production in the Philippines. Hopefully in the next month or so we will be able to finalize the agreement,” PhUV President Ferdinand I. Raquelsantos told reporters on the sidelines of the last day on Friday of the two-day 3rd Electric Vehicle Summit in Pasig City.
“PhUV will have new shareholders if they get to come in. We [PhUV] produce electric vehicles but we buy electric motors from TECO because TECO is an electric motors maker. The plan is to focus on production of electric jeepneys for export,” he said, adding PhUV will still have the majority stake.
PhUV, according to its Web site, was the first to locally design, fabricate, and assemble electric jeepneys in the country that were then sold to Quezon City and Puerto Princesa governments, the House of Representatives, Plantation Bay Resort and Spa in Cebu, De La Salle University-Dasmariñas, and Bangko Sentral ng Pilipinas, among others.
Mr. Raquelsantos said PhUV has produced less than 200 electric jeepneys in the last six years. With TECO as new investor, he said PhUV should be able to increase production and export electric jeepneys to neighboring countries in Southeast Asia.
“Our main goal is to export,” said Mr. Raquelsantos, adding that PhUV aims to make the Philippines “the EV hub in the region.” -- Daryll Edisonn D. Saclag
Last edited by jpdm; March 3rd, 2014 at 11:03 AM.
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March 3rd, 2014 11:09 AM #153
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Teco to put up e-jeepney chassis facility in Phl
By Louella D. Desiderio
(The Philippine Star)
Updated March 3, 2014
(edited)
MANILA, Philippines - Teco Electric and Machinery Co., Ltd. of Taiwan is set to invest P300 million for the manufacture of chassis for electric jeepneys this year as it is in talks for a joint venture with local firm Philippine Utility Vehicle Inc. (PhUV).
Teco special assistant for business development Jay Huang said in an interview the firm intends to manufacture rolling chassis for e-jeepneys at its facility in Subic in Zambales.
“We are looking at maybe 200 to 300 units per month because we need to deliver a thousand within one year,” he said, citing orders received from a jeepney operator here.
“We are going to build the rolling chassis without body in Subic and then we give chassis to PhUV and then they will build the jeepney,” he said.
PhUV president Ferdinand Raquelsantos told reporters his firm is currently in talks with TECO for a joint venture for the manufacture of other electric vehicles such as jeepneys.
“Hopefully, in the next month or so, we would be able to finalize the joint venture,” he said.
Huang said production at the TECO’s facility in Subic may start in September.
At present, TECO imports parts supplied to the local market from China and Taiwan.
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