Seaoil, Potentia Holdings group ink MOA on EV products development

MANILA– Proponents of electric vehicle technology adoption signed a memorandum of agreement on June 22, 2022 for the development of EV-related products, particularly charging stations.

The MOA was entered into by local petroleum company Seaoil Philippines Inc. and Potentia Holdings Inc. (PHI) consortium, composed of GM Energy Construction Philippines Inc (GM), Malayan Pacific Power Holdings Corp. (MPPH) and Amsteel Structures Inc.

The agreement was signed by Seaoil chief financial officer and president for retail Mark Anthony Yu and PHI chair Louie Kaw, Ariel Nepomuceno of MPPH, and James Shin of GM.

The two parties agreed to undertake the development of  Electric Vehicle Supercharger facilities in anticipation of the fast growing local EV market.

Seaoil plans to leverage its many years in the petroleum distribution industry in developing EV supercharger facilities in partnership with PHI.