Davao News: CHINESE FIRM TO SET UP P1.3-BILLION E-VEHICLE PLANT IN - TopicsExpress

Davao News: CHINESE FIRM TO SET UP P1.3-BILLION E-VEHICLE PLANT IN BUNAWAN; PARTNERSHIP WITH TRICYCLE OPERATORS EYED A Chinese company based in Shenzhen will be investing P1.3 billion for an assembly plant in Bunawan, Davao City. The construction of the plant for the assembly of electronic bikes, jeepneys, and buses is expected to begin this year, according to the Davao City Investment Promotions Center (DCIPC). The Chinese investor is eyeing to partner with local tricycle operators, and now exploring ways on how tricycle operators can avail of their e-bikes, a possibility of is rent-to-own scheme. (SunStar) sunstar.ph/davao/business/2014/04/03/chinese-firm-eyes-partnership-trike-drivers-336516

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