KATHMANDU: Ford Motor has cancelled an electric vehicle (EV) battery supply agreement worth about $6.5 billion with South Korea’s LG Energy Solution, reflecting a broader slowdown in the global EV market. LG Energy Solution said Ford terminated the deal after…

KATHMANDU: The Chinese Embassy in Nepal has donated a China-made Foton electric vehicle (EV) to B.P. Koirala Memorial Cancer Hospital in Chitwan. The donation aims to support the hospital’s daily operations and help improve medical services for patients. The electric…

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…

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…

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.…