BMW eyeing more electronic auto parts from PH — DTI

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Photo credit: Photo credit:[/caption] ?I also met the BMW group and they will be sourcing more electronic automotive parts from the Philippines as part of its Asean strategy,? Lopez told reporters in a text message. The DTI chief was in Germany last week and met with various German business chambers and companies where he also promoted ?Dutertenomics?. Lopez said BMW is now importing an average of 16 million euros, or about P925 million, worth of auto parts such as components and electronic control units from the Philippines annually. One major supplier to the German automaker is Integrated Microelectronics Inc. (IMI), an Ayala-owned electronics firm which has been providing vital components in tech-powered cars. ?[BMW] intends to increase that value in the coming years in support of its Asean strategy, which identified Thailand and Malaysia as its manufacturing hubs in the region and Philippines as auto parts supplier,? he noted. Data from the Philippine Statistics Authority (PSA) showed that the country?s export of automotive electronics in 2016 grew 30.4 percent to $146 million from $112 million in 2015. ?BMW also intends to bring latest plug-in hybrid vehicles and collaborate with local Electric Vehicle Association of the Philippines in building the necessary e-vehicle infrastructures such as the setting-up of charging stations in the country,? Lopez added. — Kris M. Crismundo/PNA ]]>

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