KATHMANDU: Geely has unveiled what it claims is the world’s first 16-in-1 intelligent electric drive system, setting a new benchmark for EV powertrain integration and efficiency. Developed by InfiMotion, a subsidiary of Geely Holding Group, the new “Thunder” electric drive…

KATHMANDU: Toyota and BMW have launched a six-month pilot program in Spain to demonstrate that existing petrol-powered vehicles can reduce carbon emissions by using renewable gasoline made from used cooking oil, agricultural waste and other organic residues. The project involves…

KATHMANDU: Nepal Rastra Bank (NRB) has increased the maximum loan-to-value (LTV) ratio for large electric passenger vehicles used in public transport to 80%, making it easier for operators to purchase electric buses. The provision has been introduced through NRB’s directives…

KATHMANDU: Nepal’s vehicle financing market has recorded its strongest growth in eight years as lower interest rates encourage more consumers and businesses to purchase vehicles through bank loans. According to the latest data from Nepal Rastra Bank (NRB), banks and…

KATHMANDU: Volkswagen Group is considering cutting up to 50,000 additional jobs worldwide as part of a broader restructuring plan to improve efficiency and reduce costs, according to global media reports. In an internal memo to employees, Volkswagen CEO Oliver Blume…