KATHMANDU: China’s SAIC Motor is preparing to reduce its stake in JSW MG Motor India and will stop making fresh investments. The company currently holds 49 % in the joint venture. The move follows India’s tighter rules on Chinese investments…

KATHMANDU: Tesla’s sales in Europe dropped by 43.5 % in 2025, marking a sharp decline for the once best-selling EV brand, according to the European Automobile Manufacturers’ Association (ACEA). The Texas-based company’s sales in the EU have dropped significantly since…

KATHMANDU: MG, the SAIC-owned passenger car brand with British origins, is preparing to release 13 new energy vehicles globally within the next two years, states Chinese media. The company has announced an investment of USD 1.4 billion to support this…

KATHMANDU: The MG4 with semi-solid state battery packs has been approved for sale in China. It is the first mass-production EV under the SAIC Group to get approval for solid-state battery technology. China’s Ministry of Industry and Information Technology (MIIT)…

KATHMANDU: Himalaya Motrox has launched the Maxus MIFA 7 electric MPV at the ongoing NAIMA Auto Show at Bhrikutimandap, Kathmandu. Maxus is a global brand under China’s SAIC Motor Group. In Nepal, the brand is represented by Himalaya Motrox, a…