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Chinese cars lose value faster than competitors

When buying a car, buyers pay attention to quality and price, which have the greatest influence on the decision of which car to choose, and Chinese EVs have an advantage here. However, research has shown that they also lose value faster than other Asian brands.

Given the current economic situation, it makes sense that buyers prefer safer options when it comes to used cars. That’s why brands with proven reliability tend to be the first option, and Chinese cars do not have that status. They still play a smaller role in the used car market, but as their brands increase sales, the stock of used cars will also increase.

Platform for used cars (Oto) recently published a study showing that certain Chinese cars lose up to 33 percent of their value in just two years. This is a much higher rate of decline in value than South Korean brands, whose cars record a decrease in value of less than 20 percent, while Japanese cars have a decrease of up to 12 percent in the same period.

Also, it should be remembered that an affordable car does not necessarily have a higher depreciation rate, as evidenced by the cars of the Romanian brand Dacia. Their used cars still have a fairly high price, which is currently almost impossible for Chinese brands. It will take a long time for Chinese cars to earn the status of reliable, which is not so easy to achieve. Those who have been on the market for a long time know this, because European buyers are not naive, at least when it comes to car brands.

Source: VnExpress International

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Nio technology in future McLaren cars

It has been reported that future McLaren electric cars will use Chinese technology, and the reason for this is the merger of the British brand and the company Forseven. In this way, CYVN Holdings, which owns McLaren and 20 percent of the Chinese brand Nio, is bringing China closer to Europe.

The merger with Forseven will give McLaren access to advanced technologies thanks to the recent agreement between Forseven and the Nio brand. It could also be a turning point for the Woking-based brand, combining British know-how with Chinese technologies for electric mobility in a unique blend.

Although McLaren CEO Michael Leiters has always expressed caution about the possibility of the brand’s supercars being fully electric, the new partnership opens the way for possible evolutions, including high-performance hybrids and possibly pure electric cars, precisely by using the knowledge that Nio has acquired over time.

What does McLaren gain from this merger? Well, one of the key aspects of the merger is the expansion of the range. Like Ferrari, Lamborghini and Porsche have done before, McLaren could also introduce a luxury SUV and a sports sedan. This would expand the brand’s offering to existing and new customers without undermining what the brand has built over decades.

Source: McLaren

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Mexican police will use Tesla Cybertrucks during the World Cup

Although Tesla Cybertrucks are not achieving the expected results in the market, the authorities in the Mexican state of Jalisco have decided to renew their police vehicle fleet with several examples of this car.

In 2026, the United States, Canada and Mexico will host the World Cup, and preparations have already begun to secure the large number of fans who will arrive in these countries next summer. Therefore, the police in Talisca will receive 678 new patrol vehicles that will be deployed in tourist areas to increase the safety of tourists.

One Cybertruck has already been seen on the streets of the city, as well as two Ford F-Series pickup trucks. Mayor Pablo Lemus Navarro is determined to ensure that security during the World Cup is at the highest level, but the cost has still upset a number of local residents. The Cybertruck is covered in matte black foil with a police livery. It is equipped with police lights built into the front and rear bumpers, as well as sills. There are no photos of the interior yet, but it is likely that it has been modified and equipped with additional police equipment.

At the beginning of the year, Las Vegas also announced that their police received 10 Tesla Cybertruck cars and some of them will be used by SWAT units. It could be an opportunity for the American company to show something positive at a time when their sales are in free fall.

Source: Retures

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