PHL enroute to being clean energy hub with 1st EV plant

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The story "PHL enroute to being clean energy hub with 1st EV plant" was covered 20 hours ago by Business Mirror, a news publisher based in Philippines.

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PHL enroute to being clean energy hub with 1st EV plant - Business Mirror

Quick Summary:

WITH the opening of the first local lithium iron phosphate (LFP) batteries manufacturing plant in Tarlac, President Ferdinand R.Marcos Jr.said the country is now on its way to producing electric vehicles (EV) and becoming a clean energy hub in Asia.

The facility is projected to initially produce 300 megawatt-hours (MWh) annually, which is sufficient to power about 6,000 EVs or about 60,000 home battery systems.

It is expected to generate 2,500 workers once it reaches its full production by 2030 and channel P5 billion into the economy annually.