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Here are the images of the “graveyard” of electric vehicles – Observer

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Here are the images of the "graveyard" of electric vehicles - Observer

From China photos of what will be one of the first “cemeteries” of electric vehicles… In undeveloped places for security reasons thousands of cars side by side and already show the passage of timeas the vehicles in question are believed to be there, completely abandoned, from February.

Photos posted on Reddit remind 2017 drone footage showing Dieselgate strikedepicting hundreds of thousands of Volkswagens losing sight of them in makeshift parking lots in the United States of America as a result redeem… On a radically smaller scale – in the thousands, not hundreds of thousands – an identical scenario is now uncovered, this time with electric vehicles that were part of the fleet of China’s Pand Auto, a transportation platform such as Uber headquartered. in Chongqing, which has been operating in 12 cities of this Asian country since 2015.

Putting more than 20,000 electric vehicles serve 4 million usersUntil recently, Pand Auto was considered a success story. But it went bankrupt, and the death of the company partly explains the “graveyard” where the company’s fleet is located.

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The problems that are now evident in this open-air grave originate in 2018, when Pand Auto decided to team up with another Chinese company, Lifan, which not only produced electric vehicles housed on the platform, but would also try to enable Pand Auto to start. offer your customers self-driving car rides. Authorization for testing came in 2019but experience showed that the technology was (far) out of line with the local competition, and the poor results were not delayed.

At the end of 2020, Lifan’s debts totaled 4 billion US dollars (about 3.4 billion euros), which resulted in the Manjianghong Equity Investment Fund Enterprise taking over most of the capital, which also has a stake in Geely (owner of Volvo and main shareholder company). Daimler / Mercedes). But if the capital investment did not free Lifan from the difficult recovery process prevented Pand Auto from avoiding bankruptcy… In February last year, a Chinese transport platform was unable to pay off its debts.

Customer service ceased and vehicles – some Chery brands, but mostly the LF 330EV (an electric version of the Chinese Mini Cooper clone) – were deposited at the site. In anticipation of a second life, that is, as a buyer, most cars are agonized by the weather, not knowing what the economic and environmental consequences of this situation will be.… It is true that Pand Auto tried to sell cars to pay off part of the debt, but, as it turned out, without much success.

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In addition to combustion-powered Volkswagens parked in giant US car parks, these small electric vehicles from Pand Auto stored on a stretch of land in China come to mind. other cases of accumulation of a large number of used cars in parking lots… One of them happened across the Atlantic when General Motors released its first aerodynamic electric EV1of which just over 1,100 units were produced between 1997 and 1999, almost exclusively for the California market. The batteries used in the first generation, manufactured in 1997, were from Delco, inferior quality and still made with lead acid technology, which caused serious problems, including a certain tendency to catch fire. The batteries would later be swapped out for more efficient ones from Panasonic, but the EV1 itself had design and safety issues that forced GM not to extend the batteries. leasingto return the models, destroy them, and place them in the park where several units have fled.

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Most recently in France another case with electric vehicles, namely small models produced by Bolloré and driven by Autolib., company car sharing who signed a contract with the Paris Council, in force from 2011 to 2018. After a conflict between the parties and several incidents of fire (attributed to vandalism that was never proven), Paris suspended payments and bankrupted Autolib. The functional cars were put into the park, and 2000 in the best condition were repaired and sold to private individuals. Of the rest, several hundred were dismantled for replacement, and the rest were written off.

The small cars produced by Bolloré have even become the subject of controversy after social media accused them of contaminating the land they were stored on for years due to a potential battery leak. These claims will be investigated in fact-checking from Agence France-Pressewhich turned out to be false.

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Economy

These are the 10 most expensive products in the last week.

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These are the 10 most expensive products in the last week.

An analysis of the applied values ​​by DECO Proteste shows that the price of the basic food basket “is €207.80 this week, €24.17 more than it was on February 23rd”, but €1.21 less than in the previous month. a week.

From February 23 to September 21, meat has risen in price by 17.82% (up 5.75 euros), while pork chop today costs 25% more, that is, 1.11 euros.

As for fish, the consumer protection association points out that it is now 14.97% more expensive than before the Russian war against Ukraine, 9.03 euros more expensive.

The Consumer Protection Association monitors weekly prices for a basket of 63 staples, which includes items such as turkey, chicken, hake, horse mackerel, onions, potatoes, carrots, bananas, apples, oranges, rice, spaghetti, sugar. , ham, milk, cheese and butter.

This week, in the period from 14 to 21 September, the top ten products with the largest price increases were zucchini (up 10%), spiral pasta (up 8%), cereals (up 7%), plus 6%), Flemish cheese . (plus 5%), Biscuit Maria (plus 5%), orange (plus 5%), flour for cakes (plus 5%), tomato pulp (plus 5%) and horse mackerel (another 4%).

Looking at the period since February 23 this year, DECO Proteste shows that all food categories have shown price increases, with meat (up 17.82%) and fish (up 14.97%) standing out the most. However, there is also an increase in fruits and vegetables (up 14.65%), food products (up 10.23%), dairy products (up 11.15%) and frozen foods (up 2.48%).

In addition, the top 10 products that rose the most between February 23 and September 21 were broccoli (up 55%), cabbage (up 49%), whole chicken (up 33%), fresh hake (up 30%). %), cakes. flour (30% more), turkey steak (28% more), Maria cookies (27% more), pork chops (25% more), vegetable oil 100%, vegetable oil (plus 24%) and tomato pulp (plus 23%).

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This increase is explained by the fact that Portugal is “heavily dependent on foreign markets to guarantee the supply of cereals needed for domestic consumption”, which currently “represent only 3.5% of national agricultural production, mainly corn (56%), wheat ( 19%). %) and rice (16 percent).”

“And if in the early 1990s self-sufficiency in grain was about 50%, now the value does not exceed 19.4%, which is one of the lowest rates in the world and forces the country to import about 80% of grain. , notes DECO.

The organization explains that “the Russian invasion of Ukraine, where most of the grains consumed in the European Union come from, and Portugal has thus put even more pressure on the sector, which has been struggling for months with the effects of a pandemic and drought with a strong impact on production and stockpiling.

“Limiting the supply of raw materials and increasing the cost of production, namely the energy needed for agri-food production, can thus be reflected in higher prices in international markets and, consequently, in prices at the consumer,” he emphasizes.

In addition, he points out that “a consistent increase in consumer prices, namely for such products as fuel and food, contributes to an increase in the rate of inflation.”

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Economy

Luxury Algarve Resort Changes Owner Two Years Before Opening – Turismo & Lazer

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Luxury Algarve Resort Changes Owner Two Years Before Opening - Turismo & Lazer

Singapore’s sovereign wealth fund GIC, one of the world’s largest investors, has bought a majority stake in SIG, owner of a €2.3 billion luxury resort chain, Eje Prime reported.

SIG manages the Sani and Ikos Resort brands, which will debut in Portugal in 2024 with the opening of the country’s first resort in Albufeira. It will be the group’s sixth hotel in Europe with active resorts in Spain and Greece.

According to a Spanish real estate newspaper, the Singapore fund’s deal included the purchase of British Oaktree, Goldman Sachs and Hermes GPE shares in SIG. The deal is expected to close in the last quarter of the year, with Andreas Andreadis and Mathieu Guillemin continuing to lead the company as CEO and Managing Partner, with Stavros Andreadis as Honorary Group Chairman.

The entry of the Singapore Fund will allow SIG to fulfill its plans for the next five years, which include investments of more than 900 million euros in new units in the Mediterranean.

SIG was established in 2015 and today owns ten resorts in Greece and Spain, with a total of approximately 2,750 rooms and suites.

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Do you have a diesel car and need to fill up? wait for monday

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Do you have a diesel car and need to fill up?  wait for monday

From this Monday, fuel prices will fall again, but this time only in the price of diesel fuel: in the main national oil companies, “the evolution of quotations in euros indicates a drop in prices to 2 cents per liter of diesel fuel, while 95th gasoline will maintain the registered price,” an industry source told Multinews.

The trend is also being replicated at private brand gas stations, which usually operate near hypermarkets, with “a sharp drop of 0.0187 euros per liter for diesel, while gasoline 95 will register the same trend, albeit slightly, 0.0025 euros – another source said.

So after all, filling a tank with 60 liters of diesel fuel costs 1.2 euros cheaper. In the petrol version, there is no change in the travel time to the service station.

According to official figures from the DGEG (Directorate General of Energy and Geology), both diesel and petrol 95 have been declining for four consecutive weeks. Recall that last week diesel fuel kept a higher price than gasoline 95 (1727 euros/l against 1695 euros), and this week this difference will disappear.

Also, according to DGEG data, the average price of regular diesel this Thursday was 1.752 euros per liter, while the average price of regular gasoline 95 was 1.693 euros per liter, indicating a downward trend. Average prices are based on data provided by over 2,400 stations across the country and include discounted prices.

This fuel price update takes into account the cost of a barrel of Brent oil on international markets. A barrel of oil has been trading at a low level for several weeks now. After peaking in the early days of the war in Ukraine, when oil hit $140 a barrel, fuel prices soared to record highs, the price of this “black gold” is now lower.

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