PHILIPPINE Utility Vehicle Inc. (PhUV), the pioneer in electric vehicle mass assembly in the country, announced it has entered into a partnership with the Taiwan-based Teco Electric and Machinery Co. in bidding for the $500-million Electric Tricycle Program of the Department of Energy and the Asian Development Bank.
PhUV said Teco “may also soon pour in investments” through the partnership into the electric jeepney segment.
According to PhUV, Teco, a leading manufacturer of industrial motors and home appliances worldwide, builds its own EV. The Teco EV introduces advanced EV technology such as high-torque, low-speed electric motors to maintain speed during uphill climbs, and waterproof electric motor containment and brushless AC motors to reduce maintenance downtime and costs, PhUV said.
Teco, which has been making electric motors in the past 20 years in its manufacturing facility in Subic Bay, Zambales, is now ready to expand by producing and selling EV cars and components to the Philippine EV segment, according to PhUV.
The group noted that proof of the Taiwan company’s intention of entering the Philippine EV industry is that it has signed up as a major sponsor in the 3rd Philippine Electric Vehicle Summit that’s slated on November 28 and 29 at the Meralco Complex in Pasig City, where it will exhibit its newest prototypes of an electric jeepney and a tricycle.