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Toyota and Daimler launch Archion Truck firm to compete with Chinese rivals
KATHMANDU: A new commercial vehicle holding company, Archion, has started operations in Japan. The company is backed by Toyota Motor and Daimler Truck. Archion combines Hino Motors and Mitsubishi Fuso Truck and Bus under one group. It aims to improve…
Royal Enfield to launch new motorcycle next week in Nepal
KATHMANDU: Royal Enfield is set to unveil a new motorcycle in the Nepali market next week. The company’s official distributor in Nepal, Alpha Automotive, has confirmed the launch for May 11. The announcement was made through a teaser shared on…
Geely promotes Methanol vehicles, says Lithium EVs are too heavy for future mobility
KATHMANDU: Geely has reinforced its focus on methanol-powered vehicles. Chairman Li Shufu said lithium battery EVs are too heavy for future transport needs. Speaking at the China Smart EV Development Forum 2026, Li said lithium EVs can weigh up to…
Fuel crisis accelerates China’s electric two-wheeler push into Southeast Asia
KATHMANDU: Exports of electric two-wheelers from China to Southeast Asia increased sharply in the first quarter of 2026. Rising fuel prices and shortages linked to the Middle East conflict have pushed consumers to shift towards electric mobility, according to Nikkei…
BYD faces eight months of falling sales even as exports surge
KATHMANDU: BYD recorded a year-on-year sales decline for the eighth consecutive month in April 2026, according to Chinese media reports, The company sold 314,100 passenger vehicles in April. This is a 15.7 percent drop compared to the same period last…