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BYD profits decline as EV price war intensifies in China

KATHMANDU: BYD has reported a drop in annual profits for the first time in four years, as aggressive price competition in China’s EV market impacts earnings. The company posted a full-year net profit of $4.72 billion, down nearly 20 percent…
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Hybrid+ and SolidCore battery to power MG’s next generation vehicles

KATHMANDU: MG is preparing a major technology upgrade for its future hybrid and electric vehicles with the introduction of the new Hybrid+ system and SolidCore semi-solid-state battery. The Hybrid+ technology is currently being developed at MG’s engineering centre in Frankfurt,…