The Philippines is emerging as a key market for new energy vehicles (NEVs) in the region, according to BYD Co. Ltd. Chairman and President Wang Chuanfu, as demand for electrified vehicles (EV) continues to expand locally.
Wang said BYD was encouraged by the pace of electrification in the country and the efforts of its local partner, Ayala-led ACMobility, to expand access to electrified vehicles.
‘The Philippines has become one of the most exciting and promising markets for new energy vehicles in the region,’ Wang said during his recent visit to the Philippines.
‘At BYD, everything begins with our customers-understanding their needs, investing continuously in research and development, and creating technology that genuinely improves people’s lives.’
The Chinese automaker, which operates in the Philippines through ACMobility, sold 26,122 vehicles in the country in 2025, a 446-percent increase from the previous year, according to the company.
BYD’s local network currently has 81 dealerships, while its premium brand DENZA has four dealerships nationwide.
The company said, however, that further dealership expansion is no longer its immediate priority, as it is now more focused on scaling up its charging infrastructure.
For his part, BYD Cars Philippines Managing Director Bob Palanca said Wang’s visit underscored the company’s view of the Philippine market as it expands its local operations.
‘It reflects the progress we have achieved together over the past three years and reinforces our commitment to making world-class electrified vehicles more accessible to Filipinos,’ Palanca said.
‘As demand continues to grow, we remain focused on expanding our line up to deliver innovative products for every Filipino driver and providing exceptional ownership experience.’
Meanwhile, ACMobility CEO Jaime Alfonso Zobel de Ayala said the company’s push into electrified mobility is also tied to the cost of transportation for Filipino households.
‘The cost of mobility has long been a pain point for Filipino households, and our view is that new energy vehicles address it directly.’
ACMobility has expanded its charging network to more than 200 locations nationwide and is targeting more than 1,000 charging points by the end of 2026.
Zobel said the company’s investments since its partnership with BYD began in 2023 have covered vehicle distribution and retail, charging infrastructure and after-sales services.
‘That conviction is what brought us to BYD in 2023, and it is why we have deployed resources across the entire ownership journey, whether that be distribution and retail, charging solutions, or after-sales support.’
BYD and DENZA Philippines Country Head Adam Hu said the expansion of charging infrastructure would be important to making electrified vehicles more practical for consumers.
The company’s Philippine push comes as the government implements its Electric Vehicle Industry Strategy, which aims to increase the adoption and local production of electric and electrified vehicles.
BYD, which is listed on the Hong Kong and Shenzhen stock exchanges, reported more than ¥804 billion in revenue in 2025.