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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

What factors impact financial markets?

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The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?

Geopolitical events

With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.

Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.

An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.

The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.

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Speculation and investment trends

The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.

Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.

Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.

It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.

Regulatory changes and company results

Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.

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Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.

What impact do they cause?

From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.

Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.

Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.

These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.

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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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