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Seaoil enters into partnership for electric vehicle market venture

Richmond Mercurio - The Philippine Star
Seaoil enters into partnership for electric vehicle market venture
A SeaOil station at the SCTEX.
HANDOUT PHOTO

MANILA, Philippines — Seaoil Philippines Inc. is venturing into the electric vehicle (EV) market. 

The independent fuel player signed a memorandum of agreement with Potentia Holdings Inc. (PHI) for the development of EV-related projects, with particular focus on charging stations. 

PHI’s consortium consists of GM Energy Construction Philippines Inc., Malayan Pacific Power Holdings Corp. and Amsteel Structures Inc.

In anticipation of the fast growing local EV market, the parties will undertake the development of establishing EV supercharger facilities.

Seaoil plans to leverage its years of experience in the petroleum distribution industry as the partner of PHI, which will introduce and develop EV charging stations.  

Seaoil, which currently has more 650 branches nationwide, is looking to expand its retail network to 1,000 stations by 2023.

Alongside the retail network expansion, the company has introduced new services to address shifting market needs.

It introduced the fuel-saving app, PriceLOCQ, in 2020 and PriceLOCQ for Business last year.

Seaoil has also entered into a line of vehicle servicing by opening its own branded service center, LubeServ, which offers automotive repairs and lubricant services using its high-quality engine oils and ancillary products.

SEAOIL

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