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Tata Group explores EV manufacturing plans in UP

KATHMANDU: Tata Group is considering expanding its electric vehicle manufacturing footprint in Uttar Pradesh, in line with the state’s EV subsidy policy. Discussions with the state government covered the introduction of new EV models, electric bus deployment and the development…
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GAC set to enter Japanese EV market in 2026

KATHMANDU: China’s Guangzhou Automobile Group (GAC) will enter the Japanese EV market in summer 2026. The company will launch two Aion models: the compact Aion UT hatchback and the Aion V SUV, according to Nikkei. Early sales in Japan will…
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Nearly half of first-time car buyers in China prefer EVs

KATHMANDU: Almost half of China’s first-time car buyers now want electric vehicles, according to a survey by Bloomberg Intelligence. The study found 47% of new buyers plan to choose a battery electric vehicle. This is up from 25% in February.…
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EV Prices in Nepal likely to rise soon

KATHMANDU: Electric vehicle prices in Nepal are expected to increase in the coming months. The main reasons are the rising U.S. dollar and higher lithium-ion battery costs. More than 10,000 EVs were imported from China before the last budget. Since…
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Ford and Renault partner to build affordable EVs for Europe

KATHMANDU: Ford and Renault have officially teamed up to develop a new range of affordable electric vehicles for the European market. The agreement marks a major step for both companies as they work to stay competitive against fast-growing, low-cost Chinese…