According to Nikkei News, the Philippine company Ayala has formally reached a cooperation agreement with BYD. The two sides announced on August 11 that Ayala’s automotive division, AC Motors, will be responsible for the sales and maintenance of BYD’s electric models in the Philippines through its sales network.
BYD Philippines’ official website.
According to the report, AC Motors will introduce three BYD models: the Han EV, Tang EV, and Dolphin, as well as the ATTO 3 by the end of this year. Ayala is also building charging stations in various parts of the Philippines, and the introduction of BYD models is “in line” with its strategy to promote electrification.
AC Motors chief Jaime Alfonso Zobel said that as one of the largest multi-brand automotive groups in the Philippines, this partnership with the world’s leading EV brand “is a cornerstone of our goal to accelerate the future of transportation in the Philippines.
Until now, the Philippine car market has been dominated by Japanese vehicles, with Toyota accounting for about 50 percent of the country’s new car sales and Mitsubishi accounting for less than 20 percent. Meanwhile, the Philippines still lags behind other Southeast Asian countries and regions in terms of EV penetration.