Philippine Trade and Investment Center Shanghai Consul Commercial Glenn Peñaranda delivering his speech during the International Voices Session – Philippines Opportunities for Growing Auto Industry Cooperation

The Department of Trade and Industry (DTI) continues to champion propelling the Philippine automotive industry through the Philippine Trade and Investment Center in Shanghai’s (PTIC-Shanghai) participation in the Automotive Logistics International Conference (ALIC) in Shanghai last April 17, 2024.

PTIC Shanghai Consul Commercial Glenn Peñaranda tackled in his speech that many opportunities for collaboration will open for a strengthened bilateral cooperation between the Philippines and China.

By 2030, the Philippines is projected to market an aggregate amount of 6.3 million EV units. This is 50% of the total Philippine vehicle fleet under the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) Clean Energy Scenario.

Further, Peñaranda stressed that the Philippines is committed to accelerate the country’s transition to green energy and decarbonization towards a competitive market and hub for EV and power battery manufacturing and assembly, making the country an even more attractive destination for businesses.

PTIC Shanghai is dedicated to offering support to Philippine automotive industry business associations, manufacturers, and sellers in order to facilitate seamless connections with China.

  • International Voices Session (including officials and representatives from Belgium, Mexico, Australia, PH, Poland, Thailand and Association of European Vehicle
  • Networking session with the ALIC participants
  • VIP group photo during the tea time break session

The ALIC 2024 was participated by China Department of Foreign Trade, Ministry of Commerce, China Federation of Logistics & Purchasing (CFLP), Royal Thai Consulate among others. ♦

Date of Release: 20 June 2024

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