Ayala Corporation

 

Ayala Corporation (Spanish: Corporación Ayala, formerly Ayala y Compañía (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, management, and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B).

History

Ayala y Compañía was established in 1876 and traces its origins to Casa Róxas, a partnership established in 1834 between Domingo Róxas and Antonio de Ayala. Casa Róxas began with the formation of a distillery which became known as the maker of Ginebra San Miguel. The distillery ultimately known as the Ayala Distillery was acquired by La Tondeña, Inc. in 1929.

In 1888, the company introduced the first tramcar service in the Philippines. The company participated in the construction of the Ayala Bridge over the Pasig River in Manila. Originally built of wood in 1872, the bridge was reconstructed in steel in 1908 to become the first steel bridge in the Philippines. The company was responsible for the urban development of Makati after World War II under the leadership of Col. Joseph Ralph McMicking, who was married to Mercedes Zobel de Ayala.

Ayala y Compañía shifted from a partnership to a corporation with the establishment of Ayala Corporation in 1968 and became public company in 1976. Ayala Corporation welcomed the minority investment of Mitsubishi Corporation as its strategic partner in 1974.

In 2011, Ayala Corporation began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power and Sta. Clara Power for run-of-the-river hydro power, and the purchase of the iconic Northwind farm for wind power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015.[10] FinanceAsia named Ayala Corporation as the best-managed company in the Philippines in 2010 and 2015, as well as best for corporate governance and best for corporate social responsibility.

Ayala optimistic its mobility business can supercharge Philippines’ EV transition

MANILA – Ayala Corporation is bullish on the potential of ACMobility (formerly AC Motors) to support the inevitable EV transition in the country.

 

At Ayala Corporation’s media briefing on Friday, ACMobility CEO Jaime Alfonso Zobel de Ayala reiterated the company’s goal of pioneering the first EV ecosystem, a key step to supporting the country’s EV transition.

 

“In the short term, our focus is to set up the local EV ecosystem by bringing in a compelling line-up of four-wheel EVs as well as by widening the charging infrastructure, store footprint, and our internal capabilities,” he said.

 

“We recognize that the shift towards clean technology will take time to materialize. Thus, our focus today is to enable that transition,” he added.

 

Last year, ACMobility became the official national distributor of BYD, the largest manufacturer of plug-in hybrid and pure electric vehicles in the world. BYD currently has 3 dealers across the country, and ACMobility intends to increase this to up to 20 dealers this year. Next week, ACMobility is set to open a BYD dealership in Cebu, the first outside of Metro Manila.

 

Aside from expanding its dealer network, ACMobility is also ensuring competitive pricing for its EV line-up. “Our local line-up is the widest in the market with prices, ranging from under P1.4 million to over P3.0 million. As cost is a key consideration for the broader market, each model is also priced competitively against their ICE and hybrid alternatives,” Zobel said.

 

ACMobility, together with Ayala Land and Integrated Micro-electronics, Inc., launched a network of 33 EV charging stations in 16 locations across the country last year. Ayala group aims to add 100 more stations in at least 40 locations within the year.

 

“We are actively engaging potential institutional partners for the rollout of charging stations. We believe that more players and more investments are necessary for the public to become comfortable with the availability of charging, and to reach the government’s goal of over 7,000 charging stations by 2030,” Zobel said.

 

The company also entered into a strategic partnership with Bosch to incorporate integrated vehicle technology in its aftersales operations. Bosch Car Service will offer mechanical repairs to intricate electronics, engine systems, safety features, comfort upgrades, transmission expertise, and a host of other services and diagnostics.

 

Last month, AC Industrials, the parent company of ACMobility, signed an MOU with Bosch Philippines to explore new business opportunities for the mutual benefit of both parties and development of the Philippines market. AC Industrials and Bosch Philippines intend to explore potential business activities in various industries, including mobility solutions, manufacturing, energy, and healthcare, among others.

 

Amid these developments, the company rebranded itself from AC Motors to ACMobility. This rebrand reflects the company’s transformation from being predominantly focused on selling automotive vehicles to an end-to-end mobility provider that encompasses services, infrastructure, and eventually digital platforms, among others.

 

This rebrand is also aligned with the company’s goal to be the leading mobility provider in the Philippines by the end of this decade. “We believe by 2030, EVs will comprise up to 20% of new car sales. We intend to capture a significant share of that figure,” Zobel said.

A legacy of trailblazing developments

Ayala Land, Inc. stands as the leading real estate developer in the Philippines, renowned for designing expansive, diverse communities that evolve into thriving economic centers. Our expertise lies in master-planned, sustainable developments situated in both urban and rural areas, maximizing land utilization for the benefit of communities, investors, and shareholders.

Ayala Land offers a harmonious blend of residential properties, commercial establishments, office spaces, hotels and resorts, and strategic investments.

We pioneer standards in sustainable development, establishing a blueprint that guides the design of every Ayala Land project. Our commitment to advancing sustainable real estate ventures in the Philippines enables us to deliver exceptional products and services while creating long-term value for all stakeholders involved.

Contact Details

Address

Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City, Metro Manila 1226

Office Hours

08:00 a.m. to 05:00 p.m.