{"id":331579,"date":"2025-02-20T23:08:55","date_gmt":"2025-02-20T15:08:55","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331579"},"modified":"2025-02-20T23:08:58","modified_gmt":"2025-02-20T15:08:58","slug":"trade-the-news-ac-mobility-targets-700-charging-points-by-yearend","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ac-mobility-targets-700-charging-points-by-yearend\/","title":{"rendered":"Trade the News: AC Mobility targets 700 charging points by yearend"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Ayala Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>AC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 833.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

AC Mobility, the mobility solutions arm of Ayala Corporation (AC), is looking to have 700 charging points in 300 locations by the end of 2025.<\/p>\n\n\n\n

Jaime Alfonso Zobel de Ayala, AC Mobility chief executive officer, revealed this at the launch of the electrification program of the ride-hailing service of PJ Lhuillier Group of Companies on Tuesday.<\/p>\n\n\n\n

AC Mobility is the exclusive distributor of BYD cars in the Philippines, which the Lhuillier Group\u2019s unit Xpress has tapped for its initiative.<\/p>\n\n\n\n

\u201cAs this new energy vehicle segment continues to increase, we are dedicated to expanding access to safe, intuitive, and reliable facilities for everyone. Whether it\u2019s at home, in public areas, at key driving destinations, or in offices to support business suites. These investments in the charging infrastructure will aim to ensure that every rider feels confident, that they feel comfortable traveling to even the farthest points of this beautiful country,\u201d Zobel said.<\/p>\n\n\n\n

Zobel said the company closed 2024 with 141 charging points in 16 locations, an increase from just 20 charging stations at the end of 2023.<\/p>\n\n\n\n

\u201cAt AC Mobility, we see sustainable mobility as the future. We understand that there are gaps in infrastructure, and we have embarked on an ambitious journey to build the most comprehensive ecosystem to support what we envision, again, as the future of mobility,\u201d Zobel said.<\/p>\n\n\n\n

\u201cThis is really important. It\u2019s important that we get the infrastructure in places where it\u2019s most convenient for customers so that they can get access to the resource in the most reasonable amounts. And it\u2019s worth mentioning that by the end of 2025, AC Mobility is looking at developing 700 charging points in around 300 locations,\u201d he added.<\/p>\n\n\n\n

In January 27, Ayala Corp. announced it tapped a $100 million borrowing from the Asian Development Bank (ADB) to fund its development of an electric mobility ecosystem in the Philippines.<\/p>\n\n\n\n

This funding will be used to procure and install electric vehicle charging stations (EVCS) and to purchase electric vehicles for commercial distribution, the ADB said.<\/p>\n\n\n\n

The package includes a concessional loan from the Canadian Climate and Nature Fund for the Private Sector in Asia.<\/p>\n\n\n\n

ADB\u2019s financing, along with the concessional loan, will be used to develop a network of EVCS in the Philippines. This blended financing features an innovative pricing structure aimed at accelerating deployment of EVCS infrastructure. A portion of the ADB financing will be allocated to procure electric vehicles from leading manufacturers for distribution across the country,\u201d the ADB said.<\/p>\n\n\n\n

The ADB said the creation of an EVCS network is crucial for electric vehicles to become more popular, facilitating faster adoption of electric vehicles.<\/p>\n\n\n\n

Data from the Department of Energy showed there are 847 charging stations in the country.<\/p>\n\n\n\n

(News Source: Malaya Business Insight<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331579","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331579"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331579\/revisions"}],"predecessor-version":[{"id":331581,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331579\/revisions\/331581"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}