BOI grants perks to CHRG Electric


The Board of Investments recently approved the application of CHRG Electric Vehicle Technologies Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits on a non-pioneer status under the current Investments Priorities Plan listing of Innovation Drivers.

The Innovation Driver category covers the commercialization of new and emerging technologies and products of the Department of Science and Technology or government-funded research and development, such as hardware or software for the upgrading of local industries.

Trade Undersecretary and BOI managing head Ceferino Rodolfo said the category s a strategic activity of the domestic Electric Vehicle supply chain. “We look forward that homegrown technologies like this will play a major part in the development of electric vehicles in the country as we gradually begin the transition from fossil-fueled cars to environment-friendly vehicles and aspire to be a manufacturing hub for the EV components,” he said.

CHRG has invested P3.9 million in a production facility at the University of the Philippines-National Engineering Center in Diliman, Quezon City, part of the DOST-supported technology business incubator called UPSCALE Innovation Hub.

COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.





Source link

SHARE ME PLEASE!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply