KATHMANDU: Yadea is accelerating its global expansion as rising fuel prices and growing EV demand boost sales of electric scooters and motorcycles in overseas markets. The company said its overseas sales are currently tracking around 70 percent higher than 2025,…

KATHMANDU: Used electric vehicle demand is rising across the region as fuel prices increase following the Iran war 2026, according to Reuters. Petrol prices in the European Union have jumped around 12% to 2.12 USD per liter between late February…

KATHMANDU: MG Motor has become the first Chinese automotive brand to record cumulative sales of more than one million vehicles in Europe and the United Kingdom. The milestone highlights the growing presence of Chinese automakers in the European market. The…

KATHMANDU: Hyundai has stated it is prepared to compete directly with fast-growing Chinese car brands in Europe and will not purchase carbon credits to meet European Union emissions regulations, according to FT. Xavier Martinet, Hyundai’s Europe chief, said the company…

KATHMANDU: Ford is in discussions with China’s Geely over a potential partnership as global automakers look to share rising technology and manufacturing costs, according to multiple sources cited by Reuters. The talks are ongoing and no agreement has been finalized.…