KATHMANDU: The US government has announced Project Vault, a new strategic reserve aimed at securing rare earths and critical minerals used in automobiles, EVs, and advanced manufacturing, according to The White House. The initiative, established through an executive order signed…

KATHMANDU: Chinese electric vehicle maker Leapmotor is emerging as a mass-market competitor to BYD by focusing on affordable EVs instead of premium technology, according to media reports. The company targets budget-conscious buyers, particularly in smaller Chinese cities. This strategy has…

KATHMANDU: Chinese premium electric vehicle brand AVATR has brought its new AVATR 07 SUV to Nepal for testing purposes. The model has been imported by CG MAW Evolution Pvt Ltd, the official distributor of AVATR vehicles in Nepal. The company…

KATHMANDU: China took a record 35.6 percent share of the global automotive market in 2025, its highest level so far, according to data from the China Passenger Car Association (CPCA). Global vehicle sales reached 96.47 million units, up 5 percent…

KATHMANDU: SPG Automobiles Pvt. Ltd., the authorized distributor of iCaur in Nepal, has officially launched the iCaur V23 electric SUV in eight major cities at the same time. The iCaur V23 is now available in Birtamod, Biratnagar, Birgunj, Butwal, Dang,…