Koshi NK Motors to invest Rs. 300 Crore into Electric Vehicle Assembly Plant in Nepal

Xiamen Golden Dragon will soon establish a first-of-its-kind EV assembly plant in Nepal.

Koshi NK Motors Pvt. Ltd. and Xiamen Golden Dragon Auto Body Co. Ltd. have inked a historic deal to set up an assembly plant in Nepal.

The Nepali company will invest Rs. 300 Crore (Rs. 3 Billion) in technical partnership with Xiamen Golden Dragon to establish an EV assembly plant in Biratnagar, Nepal.

We will produce electric vehicles with technical support, not Chinese investment. We have planned to invest Rs. 3 billion in the first phase. We agree that we will purchase the parts and necessary raw materials from that company and that skilled technicians will support us for two years.” 

Tikaram Puri, Chairman at Koshi NK Motors Company

The assembly will be built on 15 bigha land in Biratnagar and will produce 5000 EVs annually.

The company is already in work to bring the assembly plant into operation this year. The assembled vehicles will daunt a Nepali branding as a product of Nepal.

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About Xiamen Golden Dragon

Established in 1992, the Xiamen Golden Dragon specializes in developing, manufacturing, and selling buses and light vans. The company has recorded high overseas sales up by 52.8%, selling more than 30 million vehicles across Asia, Europe, Africa, and South America.

Xiamen Golden Dragon has made a name for itself in the global bus market, both domestically and internationally. The company currently achieves competitiveness through technological advancements and improving its service network.

The company is committed to becoming a major player in the future of public transport, focusing on zero carbon emissions and immediate connectivity for passengers and buses.

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