KATHMANDU: BYD has reported a drop in annual profits for the first time in four years, as aggressive price competition in China’s EV market impacts earnings. The company posted a full-year net profit of $4.72 billion, down nearly 20 percent…

KATHMANDU: MG is preparing a major technology upgrade for its future hybrid and electric vehicles with the introduction of the new Hybrid+ system and SolidCore semi-solid-state battery. The Hybrid+ technology is currently being developed at MG’s engineering centre in Frankfurt,…

KATHMANDU: IME Electric, the official distributor of Motul Lubricants in Nepal, has received the ‘Outstanding Business Partner’ award for the South Asia region at the Motul India Annual Conference held in Kochi, India. The award was presented to Nishan Dhakal,…

KATHMANDU: Royal Enfield has launched the 2026 version of the Royal Enfield Guerrilla 450 in India. The updated model comes with new features and a fresh Apex variant. Prices start at 249,000 Indian rupees. (Ex-showroom, Chennai). The new Apex variant…

KATHMANDU: Sony Group and Honda Motor have decided to stop development of their joint electric vehicle project, according to global media reports. The decision affects the Afeela EV lineup being developed under their 50-50 joint venture, Sony Honda Mobility, established…