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China is waiting for the “storm”



China is waiting for the "storm"

Evergrande, a Chinese real estate giant with $ 305 billion (over € 260 billion) in debt, was still trying to show positive signs by pledging to pay some interest this Wednesday. International markets have momentarily recovered from the downturn of the past few days. But behind the scenes, Beijing has been maneuvering for the worst, ordering its regional leaders and heads of state enterprises to “prepare for a possible storm,” some told the Wall Street Journal.

The Chinese government is not at all satisfied with the hole in Evergrande – in fact, it was its measures to reduce real estate speculation and contain the over-indebtedness of the sector that triggered the company’s collapse – and wants to leave a strong signal to other real estate giants. Despite the potential repercussions of the fall of Evergrande on global finances, Beijing has little desire to bail out the company beyond what is necessary to prevent economic and social consequences for China, according to the financial newspaper.

Beijing’s problem is that after an initial panic, many analysts downplay the likelihood that the fall of Evergrande will affect international markets in the same way as Lehman Brothers, noting that the Chinese conglomerate owes only about $ 20 billion overseas (about 17 billion euros). the rest of his astronomical debt falls on domestic enterprises.

And worst of all, “There are a lot of Evergrandes in China – Evergrande turns out to be one of the largest,” said Jim Chanos, a prominent American investor, in an interview with the Financial Times. “But all construction companies look like this. The entire Chinese real estate market is on the move. “

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Faced with a fiasco, the Evergrande cranes that filled China’s skyline, built entire cities from scratch, stalled, leaving some 1.6 million properties unfinished, leaving many buyers at risk of running out of their savings while still having to pay the equivalent. nearly 100 billion euros to building material suppliers, according to the New York Times.

Unsurprisingly, an angry mob of buyers has surrounded a government office in Guangzhou demanding continued construction of their homes, Bloomberg reports, and videos of similar protests are circulating on social media across China.

“What can I do? I won’t have food soon,” Li Hongjun, one of the workers who needs to be paid to build unfinished houses in Suzhou, in the east of the country, told Reuters. “If I don’t have food, I’ll have to go to the government. to eat. “

The problem is not only in this sector. Evergrande, having experienced a construction boom in China, seeking to take advantage of a burgeoning middle class with ever-increasing purchasing power, went into even greater debt to invest in sports stadiums, water parks, electric vehicles or food.

In fact, the hunger for loans was such that at the beginning of the year, Evergrande even extorted from its employees, giving them the opportunity to lose their bonuses or lend money to their employer, according to the New York Times. Hundreds of people have agreed to give away their savings or even take out bank loans, turning their lives upside down.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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