E-Trikes Thread

[jpdm]

A Japanese company wants to assemble e-trikes and cars here:

Japanese Company Mulls Plant Here
To Manufacture E-Motorcycles And E-Cars


By BERNIE CAHILES-MAGKILAT
March 2, 2012, 2:47am
Manila Bulletin


MANILA, Philippines — Terra Motors Corp. of Japan has expressed keen interest to establish an electric motorcycle assembly plant in the country drawn by the strong local demand for motorcycles, which hit over 800,000 units last year. The Japanese firm also said they may invest in the assembly of electric cars later on.

Officials of Terra Motors have already met with officials of the Board of Investments to relay their plans. There were no details though in terms of investments for the planned e-motorcycle facility, the plant location and timeframe for the supposed project.

What the Japanese motorcycle said instead was that their e-motorcycles would be priced competitively with that of the traditional motorcycles. Terra Motors e-motorcycles would be sold at P50,000 per 50 c.c. motorcycle unit, which is competitive with the prices of traditional fuel engine combustion motorcycles.

Terra Motors has expressed preference for the Philippines because of the huge domestic market. They are also

looking at the possibility of exporting e-motorcycles to other ASEAN countries to take advantage of the zero duty trading regime in the region.

The Japanese firm has also plans to later embark into the assembly of e-cars depending on the progress of the e-motorcycle project.

Terra Motors was founded in April 2010 with paid-in capital of 213 million yen. It also raised 170 million yen in March last year from Mizuho Capital and other investors.

Terra Motors was originally created for the purpose of manufacturing and selling two wheels electric vehicles comprising of electric-bike and electric senior car or electric wheelchairs. With four products in its catalog, Terra Motors has also introduced an upgrade to one of its existing models with the BISMO Press.

source:Japanese Company Mulls Plant Here | The Manila Bulletin Newspaper Online