KATHMANDU: Chinese electric vehicle makers are strengthening their presence in India’s fast-growing EV market, increasing competitive pressure on local manufacturers. Brands backed by Chinese companies, including BYD, MG, and Volvo, now account for nearly one-third of India’s electric passenger vehicle…

KATHMANDU: The U.S. and China have agreed to resume shipments of key auto chips from Dutch company Nexperia, ending weeks of disruption in global car production, according to global media reports. The deal was reached during talks between U.S. President…

KATHMANDU: China has excluded electric vehicles from its latest five-year development plan for 2026–2030, the first time in over a decade. The move comes as the country’s EV industry faces oversupply and intense competition. New energy vehicles, including EVs, plug-in…

KATHMANDU: China has introduced new national standards for recycling EV batteries, achieving up to 99.6% recovery of nickel, cobalt, and manganese, and 96.5% for lithium in pilot programs, according to Chinese media. The General Administration of Market Supervision has approved…

KATHMANDU: Global sales of electric and plug-in hybrid vehicles reached a record 2.1 million units in September, up 26% year-on-year, according to market research firm Rho Motion. The growth was mainly driven by strong demand in China and a surge…