A new chapter in the Philippines' automotive industry - and a breath of life for Laguna province's economy.
Mitsubishi Motors Corporation, one of the largest auto manufacturers in the Philippines, recently bared plans to establish a dedicated production line for hybrid cars in the Philippines.
MMC President and Chief Executive Officer Takao Kato relayed the plan during a meeting with President Ferdinand R. Marcos Jr. and Finance Secretary Frederick Go in Malacañang on Monday, April 6.
“This is a landmark investment that will redefine the future of our automotive industry. And the even more exciting possibility is that we could be an exporter of hybrid cars,” Go said, as quoted in a news release.
The project, to be implemented through Mitsubishi Motors Philippines Corp., will accelerate the localization of advanced vehicle manufacturing while supporting the country’s push for cleaner transport and higher-value industries.
The new facility will be established inside MMC's plant in Santa Rosa City, Laguna, once again cementing the city's longstanding reputation as the premier industrial and manufacturing hub in the province.
By producing HEVs locally, the Philippines is expected to reduce dependence on imported fuel and cut urban emissions, in line with the Electric Vehicle Industry Development Act, which promotes the adoption and manufacture of electric and hybrid vehicles.
MMC is also studying the potential to export hybrid vehicles from its Laguna facility, positioning the Philippines as a possible hub for next-generation automotive production in the region.
(With report from PNA)
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