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China shocked the EV world, Nepal took the opportunity

KATHMANDU: Toyota was the first major Japanese brand to commercially produce an electric vehicle. In 1997, it launched the electric version of its popular Toyota RAV4 EV. The move showed that EVs had real market potential. Electric vehicle development, however,…
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Pure EVs to dominate 90% of China market by 2040, says top expert

KATHMANDU: Ouyang Minggao has projected that pure electric vehicles will dominate around 90% of China’s automotive market by 2040. He shared this outlook at the Intelligent Electric Vehicle Development Forum held in Beijing. The Tsinghua University professor stated that plug-in…
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Foreign-branded vehicles enter Russia through China despite sanctions

KATHMANDU: Thousands of foreign-brand cars are entering Russia through China despite Western sanctions imposed after the 2022 Ukraine invasion. According to registration data reviewed by Reuters and Russia-based research firm Autostat, vehicles from brands such as Toyota, Mazda, Mercedes-Benz, BMW,…
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Chinese automakers shake up global sales rankings in 2025

KATHMANDU: The final global automotive sales rankings for 2025 are in, and the results signal a significant shift in the industry’s balance of power. With Stellantis Group releasing its financial report on February 26, the full picture is now clear,…