Taiwan EV maker eyes to build $25 million plant in Philippines

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April 5, 2026 | 12:00am

MANILA, Philippines — A Taiwanese firm engaged in electric vehicle (EV) bus production is looking to pour in $25 million for a manufacturing facility in the Philippines, according to the Philippine Economic Zone Authority (PEZA).

In a statement, PEZA said it met with potential investors engaged in electronics and semiconductor manufacturing services during a recent investment mission in Taiwan.

Following the meetings, it said an EV bus maker is exploring plans to start manufacturing operations in the Philippines.

The Philippine government is actively promoting the country as an ideal hub for EV manufacturing, given growing demand for these new types of vehicles and ecozones ready to host such operations.

Apart from the EV manufacturer,  PEZA said a food manufacturer is also looking to put up a facility in the country’s ecozones.

The agency said that an inbound delegation of Taiwanese firms engaged in electronics and semiconductor manufacturing is also expected to visit the Philippines as they continue to explore potential investments and partnerships in the country’s ecozones.

“We are seeing strong and sustained interest from Taiwanese investors, particularly in high-growth and innovation-driven sectors. PEZA remains fully committed to providing a stable, predictable and competitive investment environment that enables our partners to scale efficiently and succeed in the Philippines,” PEZA director general Tereso Panga said.

In line with efforts to attract investments, PEZA also formalized a memorandum of understanding with the Manila Economic and Cultural Office (MECO) to promote investments and trade between the Philippines and Taiwan.

MECO serves as the Philippines’ representative office in Taiwan.

Despite the economic headwinds, PEZA said the Philippines remains a good location for investments and offshore operations.

PEZA is also ready to provide support to investors so they can grow in the country.

As of December 2025, there are 71 Taiwanese companies registered with PEZA. These firms have invested over P45 billion and created more than 20,000 direct jobs nationwide.