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President Ferdinand Marcos inaugurated on Monday last week the first factory for electric vehicle batteries in the Philippines, calling it the future of clean energy. The Australian-owned lithium-iron-phosphate factory aims to produce two gigawatt-hours of batteries per year by 2030, powering about 18,000 electric vehicles or nearly half a million home battery systems.
President Marcos said that the country has worked very hard and tried to do their best to bring this kind of technology to the Philippines with a clear recognition that this is the future of the country.
The good news of this is, it also gives people jobs. This factory is located in New Clark City, north of Manila. The StB Giga Factory incorporated facility will create 2,500 local, jobs and channel five billion pesos ( $ 89.2 million) into the economy, Marcos said.
This investment aligns with the government's effort to transition the country's renewable energy. Thus, would help entice more investors in renewable energy facilities in the country
Source Agence France-Presse Bilyonaryo Philippines
President Marcos said that the country has worked very hard and tried to do their best to bring this kind of technology to the Philippines with a clear recognition that this is the future of the country.
The good news of this is, it also gives people jobs. This factory is located in New Clark City, north of Manila. The StB Giga Factory incorporated facility will create 2,500 local, jobs and channel five billion pesos ( $ 89.2 million) into the economy, Marcos said.
This investment aligns with the government's effort to transition the country's renewable energy. Thus, would help entice more investors in renewable energy facilities in the country
Source Agence France-Presse Bilyonaryo Philippines