In a groundbreaking move for Nepal’s automotive industry, Xiamen Golden Dragon, a leading Chinese vehicle manufacturing company, is set to establish the nation’s first-ever electric vehicle (EV) assembly plant. The company has inked a historic deal with Koshi NK Motors Pvt. Ltd., a Nepali firm, to invest a massive Rs. 300 Crore (Rs. 3 Billion) in setting up this state-of-the-art facility in Biratnagar, Nepal.
The news of Nepal’s first EV assembly plant has created a buzz among environmentalists, automotive enthusiasts, and investors alike, as the country takes a significant step towards embracing sustainable transportation solutions. This pioneering initiative is expected to not only boost Nepal’s economic growth but also contribute to the nation’s efforts in reducing carbon emissions and promoting eco-friendly practices.
Xiamen Golden Dragon, established in 1992, is a renowned name in the global bus market, specializing in developing, manufacturing, and selling buses and light vans. The company has an impressive track record, with overseas sales soaring by 52.8% and selling over 30 million vehicles across Asia, Europe, Africa, and South America.
Known for its technological advancements and commitment to improving its service network, Xiamen Golden Dragon has positioned itself as a major player in the future of public transport, focusing on zero-carbon emissions and immediate connectivity for passengers and buses. The company’s expertise in electric vehicle technology and its dedication to sustainability make it an ideal partner for this groundbreaking project in Nepal.
According to reports, the Xiamen Golden Dragon EV assembly plant in Biratnagar is expected to commence operations later this year, marking a significant milestone in Nepal’s journey towards embracing clean energy and sustainable transportation solutions. This initiative is poised to open up new avenues for growth and investment in the country’s automotive sector, attracting international attention and paving the way for further developments in the field of electric mobility.
As Nepal takes this bold step towards a greener future, the establishment of the EV assembly plant is expected to generate employment opportunities, foster technological advancements, and contribute to the nation’s overall economic progress.
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