KATHMANDU: Reports of a possible merger between Tesla and SpaceX have sparked debate in the US market over Elon Musk’s growing influence across his companies. According to reports, Musk has discussed combining Tesla and SpaceX ahead of SpaceX’s expected Nasdaq…

KATHMANDU: Ferrari has unveiled its first fully electric car, the ‘Luce’, but the model has triggered strong reactions from fans, investors and even former company executives. The Luce is a four-door, five-seat EV, marking a major shift from Ferrari’s traditional…

KATHMANDU: Hyundai has started testing its next-generation software-defined vehicle (SDV) technology using the IONIQ 6 electric sedan. A camouflaged prototype of the IONIQ 6 was recently spotted near Hyundai’s research and development center in Europe. The test vehicle was fitted…

KATHMANDU: In Nepal’s auto market, crossing 500 units shortly after entry is considered a strong start. Chinese EV brand Leapmotor achieved that early traction, but its momentum has slowed significantly over the past year. Sangria Motors introduced the brand with…

KATHMANDU: The popularity of electric cars is growing rapidly in Nepal. More than 70 percent of new cars sold in the country are now EVs. Sales have continued to rise every year. Government tax incentives, lower operating costs, expanding charging…