STORY: China's NEV firm gains popularity in Philippines
DATELINE: Oct. 16, 2023
LENGTH: 00:01:31
LOCATION: Manila
CATEGORY: ECONOMY

SHOTLIST:
1. various of BYD Philippines
2. various of clients
3. SOUNDBITE 1 (English): MARK ANDREW TIENG, Managing director, BYD Philippines
4. SOUNDBITE 2 (English): ANGELA, Manila resident
5. SOUNDBITE 3 (English): JAI JIREH MABANSAG, Dealer development manager, BYD Philippines

STORYLINE:

China's NEV giant BYD has gained popularity in the Philippines' market, as the global trend of increasing fuel prices continues to burden consumers.

SOUNDBITE 1 (English): MARK ANDREW TIENG, Managing director, BYD Philippines
"We're very proud to say that BYD has a very big market share of the electric vehicle sales of the Philippines. We have more than 60 percent market share as of 2022. Because of the fuel prices, a global trend that's going high, going up, Filipinos are looking for alternative energy sources for their cars. The demand will jump very big, very huge. We're ready to improve and widen our dealer network."

SOUNDBITE 2 (English): ANGELA, Manila resident
"Due to a very, very high price of oil, I consider using an electric (vehicle), and especially it's mostly environment-friendly."

BYD Philippines seeks to further expand its market presence in the country amid the rising demand for electric vehicles.

SOUNDBITE 3 (English): JAI JIREH MABANSAG, Dealer development manager, BYD Philippines
"Starting this year, we are planning to exponentially increase the facilities, the showrooms of BYD in the Philippines, because we are expecting higher sales for EVs this year."

Xinhua News Agency correspondents reporting from Manila.
(XHTV)