KATHMANDU: China is planning to ban the resale of cars within six months of their registration. The move aims to stop the growing trend of “zero-mileage” used cars, according to a report by Auto Review, a publication under the China…

KATHMANDU: China has started building a temporary bridge over the Lhende River at Rasuwagadhi, near the Nepal-China border. The Chinese Embassy in Nepal shared the update on Facebook and also released a video showing the construction work. The original Miteri…

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…