KATHMANDU: Nio has begun production of right-hand drive models under its Firefly sub-brand, marking a key step in its push into global markets. The first batch is headed to Singapore, with more RHD countries to follow. Firefly has moved quickly…

KATHMANDU: Chinese electric vehicle maker Nio, once considered the country’s answer to Tesla, is facing mounting challenges as growth slows in the premium EV segment, according to Financial Times reports. In 2020, Nio’s stock jumped over 2,000 percent as investors…

KATHMANDU: A wide range of Chinese car brands, ranging from low-quality vehicles to those made by established multinational companies, are available in Nepal. More than two dozen Chinese car brands, most of them producing EVs, are present in the local…

KATHMANDU: Electric vehicle (EV) adoption is rapidly increasing in Nepal. EVs now account for around 70% of new car sales, surpassing internal combustion engine vehicles. This shift has been driven primarily by government tax exemptions. Other contributing factors include growing…