Korean Company, EnPlus, is First Electric Vehicle Manufacturer in PEZA Ecozone
The Philippine Economic Zone Authority (PEZA) has signed a Memorandum of Understanding (MoU) with South Korean company, EnPlus Co Ltd. to help set up joint ventures to provide and manufacture fuel-saving electric vehicles (EV) in economic zones. According to PEZA,...
Siltronic Invests SGD 3 billion in New Facility at JTC’s Tampines Wafer Fab Park
Siltronic, a Munich-based silicon wafer manufacturer, has partnered with the Singapore Economic Development Board (EDB) and invested SGD 3 billion (USD 2.2 billion) in its new manufacturing facility at JTC’s Tampines Wafer Fab Park. The investment until the end of...
Hyundai and LG Begin Construction of EV Battery Cell Plant in Indonesia
In September, Hyundai Motor Group announced the commencement of construction of an Electric Vehicle (EV) battery cell plant in Karawang, near Jakarta Indonesia. The production plant, established in a joint cooperation with LG Energy Solutions, is expected to be...