KATHMANDU: Foxconn, the main assembler of Apple’s iPhone has revealed its intention to introduce its inaugural in-house designed passenger electric vehicle (EV) to the North American market by 2025. This announcement was made during an automotive exhibition in Taipei, according…

KATHMANDU: LEV X, the all-wheel drive (AWD) variant of LS Auto’s LEV 01 SUV, is all set to hit the Nepali market this August. Nexon Ventures, the official distributor of LS Auto in Nepal, has announced that the LEV X…

KATHMANDU: Only 15 out of the 129 brands currently selling electric vehicles (EVs) and plug-in hybrids in China are expected to remain financially viable by 2030, according to a recent report by global consultancy AlixPartners. The report forecasts that these…

KATHMANDU: The Nepali automobile market is experiencing a surge of new entrepreneurs attracted by quick profits and fewer complexities compared to other sectors. While industries such as manufacturing, tourism, agriculture, construction and hydropower require significant infrastructure and years to break…

KATHMANDU: French automaker Citroen has significantly reduced the price of its sub-four-meter SUV, the C3, in the Nepali market. Shangrila Motors, the official dealer for Citroen in Nepal, announced a revised offer price of Rs 2.99 million, down by Rs…