P10B electric vehicle plant investors arrive in Bacolod

Mayor Alfredo Abelardo Benitez announced Thursday, February 2, that the Chinese investors planning to put up an electric vehicle manufacturing plant arrived in Bacolod City this week.

They plan to put up a $200 million (P10.7 billion) plant in the city, he said.

Benitez met with the chief executive officer and chairman of the Jiangsu Fengchuen New Energy Power Technology Co. when he joined President Ferdinand Marcos Jr. during his state visit to China in January.

The mayor said he met with the investors on Wednesday, who are continuing their due diligence work in Bacolod.

“They sounded really excited so I hope it really pushes through,” he said.

The investors want to make sure that all bases are covered before putting in that huge investment, Benitez said.

The firm, in collaboration with Korean partners, will build public utility vehicles powered by electricity, Benitez said earlier.*

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