KATHMANDU: The U.S. Delaware Supreme Court has restored Elon Musk’s 2018 Tesla CEO Compensation plan, ending a major legal dispute over executive pay. The performance-based pay package was approved by Tesla shareholders in 2018. It was originally valued at about…

KATHMANDU: Ford Motor has cancelled an electric vehicle (EV) battery supply agreement worth about $6.5 billion with South Korea’s LG Energy Solution, reflecting a broader slowdown in the global EV market. LG Energy Solution said Ford terminated the deal after…

KATHMANDU: The Chinese Embassy in Nepal has donated a China-made Foton electric vehicle (EV) to B.P. Koirala Memorial Cancer Hospital in Chitwan. The donation aims to support the hospital’s daily operations and help improve medical services for patients. The electric…

KATHMANDU: Satyadeep International has officially entered the lithium-ion battery and advanced energy storage segment in Nepal. The company has announced a partnership with Camel Group, one of Asia’s largest and most trusted battery manufacturers. Under the agreement, Satyadeep will distribute…

KATHMANDU: Tata Group is considering expanding its electric vehicle manufacturing footprint in Uttar Pradesh, in line with the state’s EV subsidy policy. Discussions with the state government covered the introduction of new EV models, electric bus deployment and the development…