KATHMANDU: Chinese automaker BYD has scaled back production at several domestic plants as unsold inventory levels continue to rise, despite recent aggressive discounting efforts. According to Reuters, BYD has canceled night shifts at its plants and deferred plans to install…

KATHMANDU: Xiaomi Corporation’s shares soared to an all-time high on the Hong Kong Stock Exchange following a strong market response to its newly launched YU7 electric SUV according to Chinese media. The surge in investor confidence has also propelled CEO…

KATHMANDU: The government is planning to ban the import of electric scooters with a range of less than 100 kilometers. The Department of Transport Management (DoTM) has prepared a draft of the new Vehicle Import, Production and Installation Directive, 2025,…

KATHMANDU: Electric vehicles worth Rs 11.33 billion were imported into the country in the month of Jestha (mid-May to mid-June) of the current fiscal year 2024/25. According to the Department of Customs, 3,598 units of electric cars, jeeps and vans…

KATHMANDU: Tata Motors is exploring the possibility of introducing hybrid powertrains in the future as part of its broader strategy to stay competitive in India’s evolving automotive market. While the company remains committed to electric vehicles as its primary focus…