It was a dark and drunk night when I found a McLaren P1 supercar in the Lido area in Beijing, China. It was painted in purple with matte gray alloys and carbon fiber mirrors. License plate is probably too good to be true, six and eight are both lucky numbers in Chinese culture, closely associated with wealth.
A very speedy and very rare Ferrari 458 Italia China Limited Edition, Spotted in China on the Beijing Tuning Street. It was launched in 2012 to celebrate two things: 20 years of Ferrari in China and the Chinese Year of the Dragon.
Super cars are notoriously expensive in China but the Vulcano Titanium beats all; it costs a massive 66.8 million yuan or… 9.57 million U.S. dollar. To put that into some perspective: the Ferrari LaFerrari sold for $3.26 million and the Bugatti Veyron for $3.63 million. The Volcano Titanium is this almost three times as expensive as those hyper cars. What do you get for that money?
The ultra speedy NextEV NIO EP9 electric supercar arrived at the Shanghai Auto Show, times six, representing the entire first-production run. Five cars go to early investors in NextEV and the very first EP9, the one that broke all the records, will stay with the company.
Koenigsegg and Qoros have launched the K-EV, two days before the start of the Shanghai Auto Show. The K-EV is an electric supercar concept, previewing a Qoros-branded electric sedan that will hit the Chinese car market in 2019. The K-EV has a massive 1306 horsepower.
The new Aston Martin DB11 V8 will have its worldwide debut on March 19 on the Shanghai Auto Show in China. It will be powered by an AMG sourced 4.0 (3.982) liter twin-turbo V8 with 532 horses. This engine is based on the unit that powers the Mercedes-AMG GT S. Price in China is expected to start around 2.75 million yuan or $400.000. Price of the DB11 V12 starts at 3.25 million yuan or $470.000.
The debut in China makes sense; the Chinese market is the second-largest market worldwide for Aston Martin, and they want much more out of it. An SUV is finally on its way and the upcoming Lagonda ultra-luxury brand is mainly aimed at China. The DB11 V8 is also attractive financially. The size of the engine is just under four liter so the DB11 V8 stays out of the highest tax bracket, and that means Aston Martin can make a lot of money on it if they manage to keep the price up, and looking at the expected 2.75 million yuan price tag they are trying just that.
TechRules is back on the Geneva Motor Show, and this time they brought the manic Ren, a Turbine-Recharging Electric Vehicle (TREV) with a massive 1287 horsepower powering all four wheels. It looks like super sharp super car topped up with a racy shark fin at the rear.
China has launched a new additional 10% consumption tax on expensive cars, dubbed the ‘supercar tax’ by Chinese media. The tax came into effect yesterday December 1.
The tax affects any car that has a retail price of more than 1.3 million yuan ($190,000). It comes on top of the standard consumption tax, which depends on engine size. The new tax affects only imported cars. In a statement the Ministry of Finance said (translated): “In order to guide rational consumption and promote energy saving and emission reduction, the State Council [cabinet] has approved a consumption tax on luxury cars.”
Green Lord Motors has arrived in Hong Kong with their GLM-G4 electric supercar. Green Lord Motors, or GLM for short, is a Japanese engineering company. They were closely involved in the development of the crazy TommyKaira ZZ open sport scar, they are working with Chinese company Singulato to develop a range of electric SUVs, and now they have launched their GLM-G4.
The Guangzhou Auto Show is running at full speed, and racing along are a lot of supercars. All major manufacturers were present with the notable exception of McLaren. The Guangzhou Pearl River Delta area is one of the richest places of China with trillions being made by exporting everything to everywhere.
That means a big market forsuper cars and the cities in the delta are full with dealers and shops. Many manufacturers that enter China start in Guangzhou before moving on to Shanghai and Beijing. Guangzhou was also the very first city in China to have a sizable population of supercars. The boom started early in the late 1980’s with cars smuggled in from Hong Kong, some with the wheel on ‘wrong’ side.