MANILA -- Ayala Corp., one of the Philippines' largest conglomerates, is accelerating a strategic shift in its auto business, terminating long-established sales partnerships with Honda Motor and Volkswagen and focusing on electric vehicles for future growth.
Automobiles
Philippines' Ayala ends Honda and Volkswagen partnerships in EV shift
Conglomerate turns to sales-boosting BYD in group auto business
Ayala Corp. has been an official distributor of BYD in the Philippines since 2023. (Nikkei montage/Source photos by Reuters and screenshot from Ayala's website)
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