KATHMANDU: Several major automakers are reassessing their electric vehicle (EV) strategies after spending nearly $70 billion on electrification programs that are now being scaled back. Changing policy conditions in the United States and slower-than-expected EV demand have forced companies to…

KATHMANDU: General Motors (GM) and LG Energy Solution have joined hands to develop next-generation electric vehicle (EV) batteries, offering longer range, lower costs and enhanced safety. The companies aim to begin commercial production of these lithium manganese-rich (LMR) batteries in…