Opening a new chapter in the Sri Lankan automotive industry, a Tokyo based high-tech research and development startup is planning Sri Lanka’s first ever large scale Electric Vehicle (EV) manufacturing facility.
The startup from Tokyo is also setting up an international standard EV charging system known as “micro-grid” stations across the country, as part of their hi-tech transfer to Sri Lanka. A top Japanese investment team consisting of key executives of Tokyo’s Future Science Research Inc (FSRI), along with high ranking former Japanese officials is visiting Sri Lanka for the project’s initial groundwork.
The Japanese delegation met with Minister of Industry and Commerce Rishard Baithiudeen and stated that the proposed EV manufacturing operation will take off with the production of Sri Lanka’s first ever smart, “EV tuk-tuks.”
Chairman of Tokyo based Future Science Research Inc (FSRI) Akihito Matsumura (centre) hands over an FSRI souvenir to Minister of Industry and Commerce Rishad Bathiudeen (left) on 01 May in Colombo.
Chairman of Tokyo based Future Science Research Inc (FSRI) Akihito Matsumura said that they are entering the Lankan market due to the well established history of Sri Lanka-Japan cooperation, and due to the need for the company to have a good base from where we can win in the competitive automotive world.
"We are not looking for conventional production or assembly either-we want to go with cutting edge tech We look to team up with many Lankan firms in joint ventures. As a start we are looking to launch the local EV industry by introducing new innovations to Sri Lankan vehicle market. Our entire (proposed) output is for the Sri Lankan market and we can consider exports after meeting local market requirements.," Matsumura said.
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