The business, which includes the distribution of BYD cars, new dealerships, and charging infrastructure, is led by millennial eighth-generation heir Jaime Alfonso Zobel de Ayala.
Big picture
This marks the conglomerate’s most aggressive move into electric mobility, with Zobel steering the unit toward market leadership as demand accelerates.
Based on a recent regulatory filing, Ayala infused P2 billion into ACMobility last May 29 through the purchase of redeemable preferred shares. This will bankroll the working capital of BYD Distribution.
On July 25 this year, it injected another P1.7 billion into ACMobility. The funds will be deployed for charging stations, BYD dealerships, and the distribution of Kia, which also carries EV models.
BYD is the star
Based on the filing, ACMobility’s unit sales surged 118 percent to 20,020 vehicles in the first half of 2025, driven by strong demand for the BYD Sealion 6, BYD Seal 5, and Kia Sonet cars.
The company’s overall market share doubled to 8 percent from nearly 4 percent in the same period last year.
In the new energy vehicle segment, its share climbed to 80 percent from about 63 percent a year earlier.
The bottom line
ACMobility is shifting gears and stepping up expansion with heavy expenses.
It posted a solid business case as net income during the first half reached P122 million from P24 million, a gain of over 400 percent.
This was thanks to dividends from Isuzu, earnings from Honda, and BYD’s “positive contribution.”
Charging points at 37% of full-year goal
ACMobility has built a strong charging infrastructure presence, with 239 electrified charging points out of 257 installed nationwide.
The company earlier said it plans to grow the network to 700 charging points by the end of 2025.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
