KATHMANDU: Oil prices rose sharply after Donald Trump announced a naval move targeting Iran. The decision came after ceasefire talks between the US and Iran collapsed over the weekend. The global benchmark Brent crude jumped more than 8 percent to…

KATHMANDU: Nearly 70 percent of Gen Z consumers in the United States would consider buying a Chinese-made vehicle, according to a new study by Cox Automotive. The report states that 69 percent of Gen Z respondents are open to purchasing…

KATHMANDU: Chinese automaker BYD has filed a lawsuit against the United States government, challenging tariffs that have effectively blocked its entry into the American passenger vehicle market. Despite becoming one of the world’s largest car manufacturers and expanding rapidly across…

KATHMANDU: U.S. President Donald Trump has said he is open to Chinese electric vehicle makers entering the American market, provided they build factories in the United States and employ local workers. Speaking at the Detroit Economic Club on January 13,…

KATHMANDU: An immigration raid at a Hyundai-LG electric vehicle (EV) battery plant in Ellabell, Georgia, has shaken the U.S. auto industry and foreign investors. On September 4, 2025, federal agents detained about 475 people at the site, many of whom…