Mitsubishi Motors Philippines Open to Boosting HEV Investment, Joining RACE Program
Mitsubishi Motors Philippines Corp. (MMPC) is considering increasing its investment in hybrid electric vehicle (HEV) production beyond the initial P7 billion plan. While prioritizing participation in the government's EV Incentive Strategy (EVIS), the company is also open to joining the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, which supports internal combustion engine (ICE) vehicle production.
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