Tag Archives: AC Industrial Technology Holdings

Philippines’ Ayala JV Foreign Partner to Produce Autonomous Vehicles

MANILA — Ayala Corp. is prepared to invest up to $100 million to kick-start its effort to make the Philippines a Southeast Asian hub for the manufacture of self-driving cars. That amount represents its 50% initial share in a joint venture planned with a foreign carmaker. The Philippine conglomerate is in talks with “more than three” companies, said Ayala unit

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