HIGHLIGHTS
- Koshi NK Motors to set up a four-wheeler assembly plant in Nepal.
- The assembly plant will produce 5000 EVs in a year.
- The company has partnered with Xiamen Golden Dragon to produce commercial EVs for the Nepali market.
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.
ALSO READ: Tootle Now Takes 12 Percent Commission for Taxis and 15 Percent for Bikes
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.
READ NEXT: DRI Files Tax Evasion Charges Against IT Company Cotiviti Nepal, Demands Rs. 10.36 Billion
-
Hero Xtreme 125R, A New Contender in the 125cc Segment, is Coming to NepalHIGHLIGHTS Hero Xtreme 125R price in Nepal is expected to be around Rs. 3 Lakhs.…
-
Motorola Moto G45 5G with Snapdragon 6s Gen 3 SoC Launching Soon in NepalHIGHLIGHTS The Motorola Moto G45 5G price in Nepal is expected to be at Rs.18,999…
-
Hero Xtreme 160R 4V Launching Soon in Nepal: 160cc Scene on Fire!HIGHLIGHTS Hero Xtreme 160R comes with 4-valve technology. It will be the fastest 160cc bike…