Core Insights - ZhiFeng Industrial Electronics Group has signed a cooperation memorandum with Bayambang City, Philippines, to promote electric motorcycle and battery swapping projects, marking a significant step in the company's global renewable energy strategy [1][3][4] Group 1: Project Details - The cooperation aims to replace approximately 6,000 traditional fuel motorcycles within the first year, with a target of 30,000 units over three years, and an overall goal of 200,000 electric motorcycle replacements in the surrounding areas [3][4] - ZhiFeng has developed various products in the renewable energy sector, including charging stations, electric motorcycles, battery swapping systems, and energy storage products, supported by an intelligent management system for monitoring and remote control [3][4] Group 2: Market Context - The Philippines has prioritized renewable energy and climate change in its policies, implementing zero tariffs on imported electric vehicles and expanding tax incentives for hybrid and electric motorcycles, aiming for a 75% reduction in greenhouse gas emissions by 2030 [4] - Bayambang City, with a population of approximately 3.04 million, is positioned to benefit from the renewable energy project, which is expected to enhance the local renewable energy industry and create more job opportunities [4] Group 3: Strategic Importance - The partnership is seen as a crucial step towards sustainable development in the region, with ZhiFeng's chairman emphasizing the importance of reducing urban carbon emissions and improving air quality through this initiative [5]
致丰集团与菲律宾 Bayambang 市达成新能源项目合作意向