Lotus Evija

This post is by Barry Ritholtz from The Big Picture

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The Lotus Evija is a new electric super car. The horsepower is nearly 2000 HP, and the overall design is quite aggressive. The stats here are pretty wild:

• 1972-hp output – World’s most powerful hyper-car;
• 0-62 miles per hour in less than 3 seconds;
• 4 motors (1 at each corner) crank 493 horsepower apiece, with aggressive, almost instant torque vectoring.
• Total torque output = 1254 lb-ft;
• Below 9-second zero-to-186-mph time; Top speed over 200 mph.
• Ultrafast charging: 80% charge in 12 minutes and 100% in 18 minutes;
• 250 miles of range (European WLTP testing methodology);
• One-piece carbon fiber monocoque chassis;
•  3,703 pounds—lighter than a Ferrari California.

Why are all of these new electric super cars so important? They imply that E is the direction of the auto industry; the innovations created at this level eventually find their way down market to

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China: The Covert Credit Superpower

This post is by Yves Smith from naked capitalism

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An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]