Manila, Feb. 19 -- More global automotive vehicle brands are seeing the big potential of the Philippines as an electric vehicle (EV) market, especially after President Ferdinand R. Marcos Jr. issued Executive Order (EO) 12 eliminating duty on completely built-up units of certain EVs.

Chinese EV brand Omoda & Jaecoo officially launched in the Philippines in Bonifacio Global City (BGC), Taguig City on Tuesday evening, eyeing to open 24 dealerships in the country this year.

Omoda & Jaecoo Philippines chief executive officer Xiantian Shen said the company targets to open dealership networks in Quezon City, Makati City, BGC, Las Pinas, Manila Bay Area, Marikina, Carmona, Dasmarinas, Calamba, Bulacan, Pampanga, Clark, Tarlac, Zambales, Ilocos...