Taiwan’s Teco plans to set up electric vehicle factory in the Philippines

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ejeepneyTaiwan-based machinery and household appliance maker Teco Electric & Machinery plans to turn a factory in Subic Bay, the Philippines, into a plant for making electric vehicles to tap the Southeast Asia market.

Teco has signed a letter of intent with the largest operator of eJeepeny, a jeep-like electric bus for public transportation services in Manila, for cooperation to replace gasoline-fueled buses with electric ones, the company disclosed at shareholders meeting on June 23.

Teco also said it plans to put up a $250 million software park in the Philippines, according to the chief of Manila Economic and Cultural Office chief Amadeo Perez Jr. Teco was looking for a 15-hectare site either in Subic or Clark freeport zones for the project.

In the China market, Teco has won a project to install wind power turbines with total power-generating capacity of 600 megawatts in Hunan, central China, the company indicated.

As IE3 energy efficiency standards have been adopted for motors in the Europe and Japan markets, Teco plans to set up assembly lines of IE3 motors there to meet replacement demand.

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Reading Time: 1 minute

Taiwan-based machinery and household appliance maker Teco Electric & Machinery plans to turn a factory in Subic Bay, the Philippines, into a plant for making electric vehicles to tap the Southeast Asia market.

Reading Time: 1 minute

ejeepneyTaiwan-based machinery and household appliance maker Teco Electric & Machinery plans to turn a factory in Subic Bay, the Philippines, into a plant for making electric vehicles to tap the Southeast Asia market.

Teco has signed a letter of intent with the largest operator of eJeepeny, a jeep-like electric bus for public transportation services in Manila, for cooperation to replace gasoline-fueled buses with electric ones, the company disclosed at shareholders meeting on June 23.

Teco also said it plans to put up a $250 million software park in the Philippines, according to the chief of Manila Economic and Cultural Office chief Amadeo Perez Jr. Teco was looking for a 15-hectare site either in Subic or Clark freeport zones for the project.

In the China market, Teco has won a project to install wind power turbines with total power-generating capacity of 600 megawatts in Hunan, central China, the company indicated.

As IE3 energy efficiency standards have been adopted for motors in the Europe and Japan markets, Teco plans to set up assembly lines of IE3 motors there to meet replacement demand.

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