KATHMANDU: Stellantis and Dongfeng Motor Corporation have announced plans to establish a joint venture in Europe to support the global expansion of Dongfeng’s premium EV brand, Voyah. The two companies have signed a preliminary agreement to form the venture, which…

KATHMANDU: : Donald Trump has announced plans to increase tariffs on cars and trucks imported from the European Union to 25 percent. The decision comes after claims that the EU did not comply with a previously agreed trade deal with…

KATHMANDU: Japanese and British automakers have raised concerns over the European Union’s proposed “Made in Europe” plan. The draft law could introduce strict local content requirements for vehicles and batteries according to Nikkei Asia. Under the proposed Industrial Accelerator Act,…

KATHMANDU: The European Union is preparing new ‘Buy European’ rules to support local manufacturing and reduce dependence on foreign suppliers, especially in key sectors like batteries, electric vehicles, and renewable energy according to FT. Under the proposal, known as the…

KATHMANDU: Sales of fully electric cars surpassed petrol vehicles in the European Union for the first time in December, according to data from the European Automobile Manufacturers’ Association (ACEA). Battery-electric vehicle registrations also exceeded petrol car sales across the wider…