Japanese electric motorcycle Terra intends to establish an assembly plant in the Philippines

According to the “Manila Bulletin” of the Philippines on March 2, since the Philippines had sold 800,000 motorcycles last year and the demand was huge, the Japanese electric motorcycle Terra has already expressed its intention to establish an assembly plant in the Philippines. The senior management of the company has met with the Investment Department to discuss investment matters, but the investment amount, location and time are unknown. The Japanese company invests in the Philippines. First, it focuses on the huge local market demand. Second, it intends to use the ASEAN Free Trade Area to sell its products to other ASEAN countries. The company will also consider whether the development of electric motorcycle projects will determine whether to build an electric vehicle assembly plant in the Philippines.