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Greenvolt loses almost € 38 million on PSI-20 debut – Markets

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Greenvolt loses almost € 38 million on PSI-20 debut - Markets

It was a long awaited day, but things didn’t go as expected. Greenvolt shares fell nearly 5% on the first day of trading on the PSI-20. It was the biggest drop in a day since the company, led by João Manso Neto, began trading on the stock exchange and withdrew € 37.6 million from a market cap of € 719.7 million at the close.

The PSI-20 quarterly review took effect this Monday, when Greenvolt became the main stock index. A renewable energy company specializing in biomass went public on July 15 (each share was worth € 4.65 after being sold in an initial public offering for € 4.25).

The coverage of the study, which pointed to upside potential, and the very announcement of PSI-20 (as managers always wanted) ultimately boosted the rankings. The stock even hit an all-time high of 6.78 euros (hit last Wednesday).

However, the results of its debut on PSI-20 were the opposite, with the share falling the most – 4.97% to 5.93 euros per share – on the red-painted stock exchange. The national benchmark index fell 1.62% to 5,213.55, with several large companies recording significant losses.


BCP fell 4.64% to € 0.1234, EDP Renováveis ​​fell 1.93% to € 21.38, and the EDP fell 1.8% to € 4.49. Similarly, also Mota-Engil (-3.66%), Corticeira Amorim (-3.04%), CTT (-2.87%), Altri (-2.4%), Navigator (-1.86% ), Semapa (-1.82%) or Sonae (-1.68%) closed in the red.

Galp Energia was in positive territory during the trading session, but in recent negotiations it turned around and closed 0.05% lower to 8.26 euros. Thus, the only listed companies to close in the green were Nos (up 0.36% to € 3.38) and REN (up 0.2% to € 2.51).

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A busy week scares European investors
Lisbon echoed the negative trend seen in the main European squares. The Stoxx 600 lost 1.6%, the Spanish IBEX 0.96% and the French CAC 40 1.74%. Germany’s DAX, which fell from 30 to 40 components this Monday (including Hellofresh, Airbus or Zalando), fell 2.16%.

“Markets in Europe fell significantly this Monday as risk-free trading prevails on the macroeconomic front ahead of another hectic week,” explains Pierre Veyre, technical analyst at ActivTrades, in a commentary released this Monday.

Investors are struggling to digest debt crises in the world’s two largest economies (China’s Evergrande and the US debt ceiling), coupled with uncertainty over the US Federal Reserve’s decision to lift stimulus.

“This situation is also underlined by the strengthening of the US dollar and the rise in yields on 10-year debt, which suggests renewed ‘fear’ in trading this week,” – says Weiret, noting that the central banks of the United States, Japan, England and other countries. China will meet this week.

(News updated at 17:00)

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Economy

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

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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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Economy

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

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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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Economy

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

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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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