President Ferdinand “Bongbong” Marcos Jr. witnessed the signing of the MOA between the Integrated Micro-Electronics Inc. (IMI) of the Ayala Group and California-based Zero Motorcycles that will pave the way for the production of a wide range of electric vehicles in the country.
IMI will assemble Zero’s electric motorcycle models, as well as other assemblies in its facility in Laguna in conjunction with the manufacturing facilities for Zero in California.
It is expected to employ 200 workers for its assembly line, from manufacturing, packing and shipping 18,000 electric vehicles annually for Zero’s Europe, Asia, and other markets while supporting US demands for sub-assemblies.
A representative of Zero expressed enthusiasm for the partnership, describing the Philippines as a “clear choice” for its business.
“The Philippines… for us [is] a perfect partner for us to expand our manufacturing. This is a good place for us to build a global manufacturing base,” he said.
Zero’s electric motorcycles will be made available in 2024 through AC Industrials. (SunStar Philippines)