• The Open Mobility Company expands its portfolio in the Philippines as it becomes the exclusive importer for JAC cars, pick-ups, and spare parts.

• This agreement further consolidates Astara's presence in the Philippines market, offering a diversified range of passenger and commercial vehicles.

Manila, 6th of February 2024 – Astara, one of the world's leading mobility companies, has been appointed as the exclusive importer of JAC cars and pick-ups in the Philippines, marking the first cooperation between Astara and the brand globally. This agreement brings JAC’s wide range of SUVs and pick-up models to the fast-growing market, meeting the evolving needs of the Filipino consumers and commercial customers. Furthermore, in the future, the brand will launch electrified models, both 100% EV and PHEV, with the aim of establishing itself as the market’s benchmark.

Jorge Navea, CEO of Astara: "We're excited to include JAC in our global portfolio and exclusively distribute the brand in the Philippines. As a top brand with a presence in over 100 countries, JAC's commitment to quality and focus on electrification perfectly align with Astara’s vision for the future of mobility. Considering this region is pivotal to our international expansion, we are confident in showcasing our capabilities through JAC’s distribution."

David Zhang, Vice President of JAC MOTORS: “For JAC, the Philippines is of extraordinary strategic and practical significance. In the future, JAC will strictly adhere to the "user-centric" business philosophy and bolster the relationship with Astara to provide better products and better service experience for Filipino users”.

Astara began distribution in the Philippines in 2021 and has since grown to distribute three well-known brands with great success. In this collaboration with JAC, Astara’s primary focus will be to build a solid dealer network, introduce electrified models and implement effective strategies to promote and strengthen the brand’s image and products, in line with its focus on sustainable and innovative mobility.

About Astara: the Open Mobility Company We are one of the leading global mobility companies (the Open Mobility Company) with a human-to-human approach, committed to sustainability.

With a turnover of more than 5 billion euros in 2022, Astara offers personal mobility solutions, with options for the different needs of each citizen and depending on the maturity of each market, including all ownership, subscription and sharing. A mobility ecosystem backed by data intelligence and supported by Astara platform.

All this thanks to a diverse team of more than 40 nationalities, in 19 countries and 3 continents, Europe, LATAM and Southeast Asia. For more information about Astara, visit: www.astara.com

About JAC Motors
Anhui Jianghuai Automobile Group Co., Ltd. (abbreviated as JAC Motors or JAC) is a comprehensive automobile enterprise that integrates R&D, production and distribution of a full range of commercial vehicle, passenger vehicle and powertrain, and covers relevant fields such as ride hailing/sharing and financial services. JAC develops simultaneously on "advanced energy-saving vehicles, new energy vehicles, and intelligent connected vehicles". JAC is awarded as the National Torch Program's key high-tech enterprise, the top 500 Chinese companies, and the top five Chinese vehicle brands. Visit https://jacen.jac.com.cn for more information about the company.