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Chinese court invalidates 2019 Audi car sale using cryptocurrency Chinese court invalidates 2019 Audi car sale using cryptocurrency

Electric Cars

Chinese court invalidates 2019 Audi car sale using cryptocurrency

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A Shanghai court in China has invalidated a deal to buy a car with cryptocurrency that took place in 2019. Mr. Huang signed a sales contract for an Audi AL6 for 409,800 yuan (US$59,477 at the time) in exchange for 1,281 Unilash tokens (UNIH) with an unnamed car dealership in Shanghai, but did not receive the car within the contract period. .

Chinese court invalidates 2019 Audi car sale using cryptocurrency

As a result, Mr. Huang sued the seller for delivery of the vehicle and payment of 0.66% daily interest on the transaction amount in damages for each day the vehicle was not delivered after the original deadline.

The case dragged on for over three years before a verdict was handed down in June 2022. Referring to the September 2017 rulings, which later transformed into a ban on cryptocurrencies in China, the court stated that digital assets “cannot and should not be used as a currency of circulation in the markets.” As a result, the contract of sale was declared invalid. The buyer was not provided with any damage, delivery of the vehicle, or return of the vehicle 1281 UNIH.

Chinese court invalidates 2019 Audi car sale using cryptocurrency

Now the Unilash project is in an abandoned state, the crypto asset is not listed on any exchange. UNIH, developed in 2018, was supposed to be a digital payment token for e-commerce. The digital currency was only available to private investors without an initial public offering of coins. Shortly after its launch, reports quickly surfaced on Chinese social media that the project was a scam.

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Electric Cars

“A car that everyone can afford.” Chery Arrizo 5 WS for 9.5 thousand dollars has already appeared at dealers in China

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A car that everyone can afford Chery Arrizo 5 WS

Dealers in China began receiving the Chery Arrizo 5 WS sedan. The Chinese resource Autohome calls it “a car that everyone can afford.” And the point here, of course, is the price: you can buy a car for 69,900 yuan – that’s about 9.5 thousand dollars. Interestingly, there is no talk of any manual gearbox – the engine works in conjunction with a variator.

A car that everyone can afford Chery Arrizo 5 WS

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1695730386 148 A car that everyone can afford Chery Arrizo 5 WS

Under the hood of the Chery Arrizo 5 WS is a simple 1.5-liter naturally aspirated engine with a power of 1109 hp. It is clear that the dynamics are sluggish, but the consumption is relatively low – 6.6 l/100 km based on measurements using the WLTC method.

1695730386 839 A car that everyone can afford Chery Arrizo 5 WS

1695730387 133 A car that everyone can afford Chery Arrizo 5 WS
1695730387 807 A car that everyone can afford Chery Arrizo 5 WS
1695730387 931 A car that everyone can afford Chery Arrizo 5 WS
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1695730387 540 A car that everyone can afford Chery Arrizo 5 WS
1695730387 189 A car that everyone can afford Chery Arrizo 5 WS
1695730387 964 A car that everyone can afford Chery Arrizo 5 WS

The car received a regular dashboard with traditional speedometer and tachometer scales and a small on-board computer screen between them. But at the same time, the climate control is touch-sensitive, there is a media system with a fairly large screen, cruise control, a tire pressure monitoring system, an electromechanical handbrake, and the interior is leather.

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Electric Cars

The most expensive cars on eBay: the eight-year-old Ferrari LaFerrari is in the lead

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The most expensive cars on eBay the eight year old Ferrari LaFerrari

The 2015 Ferrari LaFerrari is currently the most expensive car on eBay. A total of 499 cars were produced.

The car was unveiled at the Geneva Motor Show in March 2013 and went into production in June. US models were built between 2014 and 2016, while Ferrari LaFerraris for the rest of the world were built between 2013 and 2016.

This is Ferrari’s first full hybrid and the company’s most powerful car at the time. It is powered by a rear-mid-mounted 6.3-liter direct-injection V12 engine that revs to 9,250 rpm and produces 800 hp. and a torque of 700 Nm, working together with a KERS unit with a power of 163 hp. The total system power reaches 963 hp. It accelerates from 0 to 97 km/h in 2.7 seconds and covers the quarter mile in 10.2 seconds, with a top speed limited to 355 km/h.

The most expensive cars on eBay: the eight-year-old Ferrari LaFerrari is in the lead

The car is painted Nero Daytona black. The fog lamp surrounds, side mirrors, and wheel caps are made of matte carbon fiber. The car features 20-inch forged wheels painted black with carbon ceramic brakes and black calipers.

The eBay listing claims the car is in new condition. In eight years he traveled 1316 km. For this copy they are asking $4,350,000.

Second place on eBay is held by a 1960 Aston Martin DG4GT Zagato worth $3,790,000. Third went to the 2020 Lamborghini Sian FKP 37, for which the seller is hoping to fetch $3,599,950.

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Electric Cars

Mitsubishi teases a completely new type of mystery car

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Mitsubishi teases a completely new type of mystery car

Mitsubishi is working on a new vehicle aimed at outdoor enthusiasts, which it plans to unveil next month at the Japan Mobility Show 2023.

The manufacturer published a single teaser and confirmed that the mystery car will be electrified to some extent. Mitsubishi says it provides “peace of mind in any weather and on any road”, hinting at all-wheel drive.

Mitsubishi teases a completely new type of mystery car

Perhaps it’s a minivan or even a motorhome. The single image shows the silhouette of a tall car with T-shaped daytime running lights flanked by an illuminated Mitsubishi logo. An additional set of headlights is installed vertically.

At the upcoming event, Mitsubishi intends to showcase “a unique, fulfilling mobile lifestyle that awakens the spirit of adventure in drivers.”

Japan Mobility Show 2023 will be held at the country’s largest exhibition center, Tokyo Big Sight, from October 25 to November 5.

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