STB GIGAFACTORY, Inc. said that it is planning to add two more production lines in New Clark City in pursuit of its goal to build capacity to two gigawatt-hours (GWh) in the Philippines.
In a recent media briefing, Paulo Salvador of StB Gigafactory said the company’s current capacity in the country is around 300 to 600 megawatt-hours.
“Our plan for up to 2030 is to produce two GWh production, so we are adding, I think, two more factories,” he told reporters.
He added that although the location of the facilities is not yet definite, the two factories will also be built in Clark.
Asked for the size of the investment, Jose Montaño of StB Pure EVs described the amount as “substantial.”
He said there are also plans to build chargers in the Philippines as well as renewable energy components in the next few years.
In September, the company inaugurated its battery manufacturing plant in the Clark Special Economic Zone in Capas, Tarlac, which is among the P86 billion worth of deals secured by President Ferdinand R. Marcos, Jr. during the ASEAN-Australia Special Summit in March.
StB GigaFactory produces energy storage batteries for solar technology for residential, commercial, and industrial use.
The company hopes to export 70% of its output to Australia and Southeast Asia, with some of its output to be distributed within the Philippines.
Mr. Montaño cited an opportunity in the global electric vehicle market that the Philippines could tap.
“Right now with the current US tariff regulation on imported Chinese products, there’s a big hole in that market,” he said.
“That is why we set up the factory … We are trying to get it made in the Philippines, and just to let you know that when we fit in our batteries to our local e-tricycle, which is produced here also, our value added shoots up to about 70-80%,” he added. — Justine Irish D. Tabile
