Aussie firm boosts investment in PH factory

By Janine Alexis Miguel

May 17, 2024 12:28 am

AUSTRALIAN firm StB GigaFactory Inc. announced plans to increase its investment to $35 million (P2 billion) in its first factory in the Philippines.

The battery manufacturer, the first locator in Filinvest Innovation Park in New Clark City, also aims to triple its production capacity to 2,000 megawatts.

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