KATHMANDU: China has introduced new rules to regulate the export of electric vehicle (EV) battery technology. The move aims to protect its leadership in the global EV market according to NYT. On Tuesday, the Ministry of Commerce announced that eight…

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: Geely Chairman and Founder Li Shufu has raised concerns over “serious overcapacity” in the global automotive sector, stating that the company will not build new manufacturing plants or expand production at existing facilities. Li made the remarks during an…

KATHMANDU: China has officially launched the world’s largest fleet of fully driverless electric mining trucks. This marks a major milestone in mining automation and green energy transport. On Thursday, 100 unmanned trucks were deployed at the Yimin coal mine in…

KATHMANDU: China’s electric vehicle (EV) market has grown rapidly over the past decade, with hundreds of brands launching new models. However, few of them have survived the ride. In 2018, China boasted more than 500 EV startups. Today, only about…