On January 5, Philippine President Ferdinand Romualdez Marcos Jr. attended the Sino-Philippine "Renewable Energy Industry Roundtable" while on a state visit to Beijing, and met with leaders of outstanding Chinese businesses in the new energy industry. The roundtable focused on renewable energy, agriculture, nickel processing, battery and electric vehicle manufacturing. Mr. Li Longde, Chairman of Jiangsu e-Future, was invited to the meeting as one of the invited representatives of new energy commercial vehicle manufacturers, and he made an important speech.
Jiangsu e-Future is a Sino-Korean joint venture focused on the design, development, and production of new energy commercial vehicles and ancillary products, with R&D headquarters in Korea and a core technical team of industry experts from Hyundai, Kia, and other companies with more than 20 years of experience in the industry, said by Mr. Li Longde, Chairman of Jiangsu e-Future, in his speech. The company and its shareholder Ganfeng Lithium jointly master the core resources and technical capabilities of lithium ore, lithium materials, lithium batteries and the complete vehicle industry chain. At present, e-Future has established subsidiaries in the Czech Republic, Korea, Canada, Singapore and other countries, and its products have been sold to 18 countries, including the EU and Canada.
e-Future Chairman Li Longde and the President of the Philippines at the roundtable on January 5
Jiangsu e-Future plans to invest in the construction of a new energy commercial vehicle project with an annual production capacity of 50,000 units, 10,000 charging points, and 100 battery exchange facility stations, train the local workforce and create about 8,000 jobs in the Philippines with the goal of industrializing and localizing the production of electric jeepneys there.
In order to provide cleaner public transportation for the Philippines and meet the goal of low carbon emissions in the city, Jiangsu e-Future began market research in the Philippines two years ago, negotiated with local government agencies for a project landing in May last year, and negotiated with local cities for the demonstration and promotion of electric jeepneys.
Opportunities for cooperation between China and the Philippines in the new energy sector are primarily in the power battery and new energy vehicle industrial chains investment. The Philippines has a rich source of nickel, copper, cobalt, and other raw materials while China has a well developed new energy vehicle and power battery industry chain. The Electric Vehicle Industry Development Act, the Electric Vehicle Incentive Program, and other initiatives have all been introduced in the Philippines. China and the Philippines can work closely together to advance the growth of the new energy vehicle sector both domestically and internationally in the areas of mineral extraction, battery material processing, battery manufacture, and new energy vehicle assembly.
As one of the major new energy enterprises invited to the conference, Jiangsu e-Future will play a pivotal role in promoting the development of the new energy industry chain in the Philippines and will continue to contribute to the global development of the carbon-neutral process.