WASHINGTON – The Ayala Group's Integrated Micro-Electronics Inc. and Zero Motorcycles based in California have signed a memorandum of agreement for the setting up of the first electronic vehicle (EV) motorcycle manufacturing site in the Philippines, the Presidential Communications Office has said.

President Ferdinand Marcos Jr., who's on an official visit to Washington, witnessed the signing of the MOA.

Among those who attended the meeting for the IMI include Ayala Corporation chairman Jaime Augusto Zobel De Ayala and Automotive and Industrial regional manager Dave Corry.

Zero Motorcycles, on the other hand, were represented by its chief executive officer Sam Paschel and Alex Acket, chief operating officer.

Under the MOA, the US-based firm will lead the way in setting up the first EV motorcycle manufacturing site in the Philippines.

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