The German carmaker is looking at sourcing more automotive parts from the Philippines as part of its ASEAN strategy.
BMW Philippines will hold a business matching event at the Manila Peninsula Makati on June 19, an opportunity for Philippine auto part makers to attract new businesses and deepen their participation in global value chains.
“They [BMW] noted our support programs for auto and its related industries under the inclusive innovation industry strategy. They want to expand their current network of suppliers and they like to explore our competencies to help them in their international production not only their existing but also of future projects,” said BOI executive director for industry development services Corazon Halili-Dichosa.
Dichosa said BMW is interested in auto electronics, wiring harness, filters and some metal parts.