KATHMANDU: Three Democratic senators; Tammy Baldwin, Elissa Slotkin, and Chuck Schumer, have urged President Donald Trump to prevent Chinese automakers from building vehicles in the United States, according to Reuters. In a letter, the lawmakers warned that allowing Chinese firms…

KATHMANDU: Sales of Chinese automakers declined in February as demand slowed during the Lunar New Year period, which traditionally affects vehicle purchases in the world’s largest auto market. BYD reported total sales of 190,190 vehicles in February, down 41 percent…

KATHMANDU: U.S. President Donald Trump has said he is open to Chinese electric vehicle makers entering the American market, provided they build factories in the United States and employ local workers. Speaking at the Detroit Economic Club on January 13,…

KATHMANDU: Chinese automakers are rapidly expanding overseas, reducing the long-standing dominance of Toyota and Volkswagen in the global car market. Analysts say the shift now appears structural rather than temporary. According to UBS, the Swiss investment bank, Chinese brands could…