The auto industry is in the midst of a boom.
It’s a big reason why Ford has just announced that it will make a new car with the same name as its Ford Focus Electric.
It has already announced plans to make two new electric vehicles, the F-150 and the Lincoln Navigator.
But there’s a new one under construction: a brand new electric SUV called the ASEAN Steel Industries (ASI) Steel.
The ASI Steel, as it’s officially called, is a joint venture between steel and electric powertrain company ASI and the state-owned Philippine Steel Corp. (PSC).
ASI has been making steel in the Philippines for more than a century, and it has invested $3.6 billion in the country since it started producing it in 1995.
The steel industry employs around 70,000 people, according to the Philippine Department of Industrial Relations (DIR).
In an interview with Recode, ASI CEO and president Robert De Lima said that the company plans to build a total of 10 units of its new SUV.
The first unit is slated to arrive in 2021, with a production run of 1,500 units.
The first electric vehicles in the US are expected to arrive this year.
The Nissan Leaf, the first electric car to be sold in the U.S., has already racked up nearly 400,000 pre-orders.
And Nissan’s electric Leaf is expected to be ready in 2018, and then be followed by the next generation Leaf SUV.
In 2019, Tesla’s Model 3 is expected for an unveiling.
In the Philippines, the ASI steel industry is already booming.
In 2016, ASIM, which has a market cap of P17.7 billion, generated $4.3 billion in sales, and a profit of P9.9 billion, according the Philippine Economic Development Authority.
The company is expected create 2,500 jobs in the manufacturing of steel products, according TOEFL, and also employs about 3,000 workers in its production and maintenance of the steel.
The new ASI is expected cost P8.6 million to produce.
De Lima told Recode that it has a low cost of production.
He said that ASI will manufacture the steel using a new process, and that it expects the steel to be more environmentally friendly than other steel produced in the area.
According to ASI, it plans to use a combination of new and old technologies in the production of its steel products.
Assembling the new ASIS, the company said, will be done using environmentally friendly processes, including the use of sustainable technologies like the use to recycle and recycle recycled materials.ASI Steel President and CEO Robert De Lely said in an interview that the new product will be able to meet the needs of the domestic market.
He also said that it would provide a better return on investment than other electric vehicles because the steel will be made in the local market.
According the ASIF, AS I, a joint entity between ASI (as a company) and the PSC, has invested nearly P8 billion in upgrading infrastructure, creating jobs and strengthening the economy.
ASI’s new product, ASIA Steel, will meet the same needs as ASI electric vehicles and the electric vehicle market is expected hit by increased demand.