Local firm CHRG Electric Vehicle Technologies Inc. will start producing fast chargers and retrofit kits for electric vehicles (EV), according to the Board of Investments (BOI).
BOI managing head Ceferino Rodolfo said the project is a strategic activity of the domestic EV supply chain as the gradually begins the transition from fossil-fueled cars to environment-friendly vehicles and asp ire to be a manufacturing hub for the EV components.
While the local EV industry is still relatively small, its adoption is expected to gain ground as support infrastructure like charging stations increase.
The BOI said CHRG has invested P3.9 million in a production facility at the University of the Philippines- National Engineering Center in Diliman, Quezon City which owns the Charging in a Minute or “CHarM” technology.
UP has provisionally authorized CHRG to produce such units.
The parties are finalizing the licensing agreement for the eventual commercialization of CHarM. Once fully operational, CHRG has the registered capacity to produce up to 12 units of fast chargers and 236 retrofit kits annually.
The BOI said CHRG in the future plans to move to a more cost-effective location, with Bulacan or Rizal as targeted spots.
Currently, there are two fast chargers of CHRG deployed in Alabang as test commercial units.
The project was approved for registration by the BOI on a non-pioneer status. – Irma Isip