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EN-Plus to invest PHP 5 billion to manufacture EVs in Philippines
On October 21, 2021, Philippine Economic Zone Authority (PEZA) signed a memorandum of understanding (MOU) with Korea-based EN-Plus Co. Ltd., which will be the first EV manufacturer to be registered under PEZA where they can avail special incentives for pioneering projects. The PHP 5 billion investment would be used t....
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