The Asian Development Bank (ADB) and Philippine conglomerate Ayala Corporation signed a US$100 million financing package for the development of electric mobility systems in the Philippines. The agreement was formalised on Monday, 27th January. By way of its mobility solutions unit ACMobility, Ayala Corporation will use ADB's funding to purchase electric vehicles (EVs) for commercial use, along with the subsequent purchase and installation of EV charging stations in key locations. Relev
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