Integrated Micro-Electronics Inc. (IMI) has unveiled its first integrated electric vehicle (EV) charging and transport system for the Ayala group, at one of its malls, Ayala 30th.
“A first for the conglomerate and in support of its commitment to achieve net-zero greenhouse gas emissions by 2050, IMI takes the lead in bringing the EV chargers of TGOOD LINCHR, the world’s largest EV charging infrastructure provider, into the country,” IMI said in a statement.
The newly-installed charging station is a collaboration between IMI, Ayala Land Inc., TGOOD, GREENSTRUM and Global Electric Transport (GET).
“IMI China builds the electronics and assembles the power supply system in the EV chargers of TGOOD LINCHR, one of the company’s valued partners in the new energy market,” it added.
Arthur Tan, AC Industrial president and IMI chief executive officer, in 2019 said the company is heavily invested into the development of components for the electric vehicle industry. AC Industrial is the umbrella organization for the Ayala Group’s manufacturing-related businesses that include IMI.
Tan then said the group’s investments allows it to take advantage of development in the automotive industry.
The growth of EVs of close to 75 percent annually with more than 2 million units sold in 2018, allows the company’s electronics business to tap into growth sources like development of power module line in its Laguna facility.
Tan said the electric vehicle charging module market is projected to have a compounded annual growth rate (CAGR) of 34 percent up to 2022 with a target of more than 11 million units – prior to the explosion of the new coronavirus disease 2019 pandemic.
Tan noted that as demand for EVs increase, so is the demand for efficient and robust power modules, expected to grow by compounded 21 percent up to 2023.
“We have been part of this ecosystem on a global basis; and now that we are contributing locally, we are all the more proud to be deeply involved this major disruption here in our country. We hope to be a catalyst for technology that drives carbon neutrality,” Tan said.
