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February 28: Nepal's NK Motors Pvt Ltd has signed an agreement with a Korean company, SDK, to produce electric vehicles (EV) in Province 1. The agreement was signed by representatives of NK Motors Pvt. Ltd and SDK in South Korea.
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According to him, a delegation of the Korean company will visit Nepal in March and select a suitable location. He also informed that the target is to send the products to the market within a year.
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the agreement signed in the presence of TR Dhakal, managing director of NK Motors, an electric vehicle manufacturing industry will be established with an investment of about Rs 3 billion. Tikaram Puri, chairman of NK Motors Pvt Ltd, informed New Business Age that the proposed industry will be established at a suitable location within Province 1. The industry will produce school and college buses and vehicles for private and public purpose.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the agreement signed in the presence of TR Dhakal, managing director of NK Motors, an electric vehicle manufacturing industry will be established with an investment of about Rs 3 billion. Tikaram Puri, chairman of NK Motors Pvt Ltd, informed New Business Age that the proposed industry will be established at a suitable location within Province 1. The industry will produce school and college buses and vehicles for private and public purpose.</span></span></p>
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