In recent years, there has been a significant increase in the popularity of electric vehicles, particularly motorcycles. This trend is particularly evident in the Asian market, where electric scooters and motorbikes are valued for their practicality and affordability. Many of the leading electric two-wheeler companies are based in the region, with India and China playing a key role. Yadea, a Chinese brand, is one such company with plans for expansion.
Yadea offers a wide range of models tailored to suit the needs of various commuters. Their lineup includes electric scooters, mopeds, and bicycles designed to provide practical and affordable mobility solutions. As an up and coming company, Yadea shows no signs of slowing down. Recently, they announced a $1 billion investment in a new production facility in the Philippines.
While the Philippines has yet to fully embrace electrification, there has been a growing number of electric scooters and bicycles on its roads. Zero, a California-based electric motorbike manufacturer, has also struck a deal with a major corporation in the Philippines to produce electric motorcycles for the Southeast Asian market. Given the heavy reliance on motorcycles for mobility in the Philippines, setting up shop in the country holds great potential for Yadea. Moreover, the government’s efforts to attract direct foreign investment through lowered taxes and accelerated permit processing further enhance the appeal of the Philippines as a manufacturing base.
Yadea currently has six production facilities in China and one in Vietnam, where they manufacture electric two-wheelers for sale in their respective markets as well as for export to neighboring countries. The company has expressed interest in filing a Philippine Economic Zone Authority (PEZA) application to establish a battery factory in Batangas, located about an hour’s drive from the country’s capital of Manila. Once approved and built, this battery facility will cater to local demand and meet the requirements of neighboring Asian countries.