40 0 0 3 min to read

Chinese company plans to build an electric vehicle factory in Bacolod City for $200 million.

According to Mayor Alfredo Abelardo Benitez, representatives of a Chinese corporation are in town to explore plans to erect a $200 million electric vehicle manufacturing facility.

The mayor, who was a member of the Philippine team during President Ferdinand R. Marcos Jr.’s state visit to China, had first discussions about the plan and had stated last month that officials from Jiangsu Fengchuen New Energy Power Technology Co. Ltd. would arrive.

“We had our first meeting after their arrival yesterday. They’ll keep doing their research here, “the mayor informed the media.

The term “due diligence” describes the procedure of confirming, looking into, or auditing a potential investment opportunity.

“They made a lot of excited noises. I’m hoping it will proceed. They are conversing because they want to make sure that such a significant investment is protected. One of the things they seek is a cooperative LGU (local governmental unit) “Added he.

Benitez had previously stated that the company, which is a partnership of Chinese and Korean businesses, has already chosen Bacolod as its operational hub.

QR Code

Save/Share this story with QR CODE

Disclaimer: This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

πŸ“© Need to get in touch? Feel free to Email Us for comments, suggestions, reviews, or anything else.

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❀️GIVE A TIP. Send a small donation thru Paypal😊❀️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
4.) πŸ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x