3 Years in the past, the Chinese language authorities seized two hypercars, a Koenigsegg Regera and a Koenigsegg Agera RS.
The automobiles had been stashed away in a warehouse pending additional investigation, in the end resulting in an public sale that occurred immediately by way of a Chinese language web site often called jinpaipingtai.
The Regera was first on the block, with the primary purchaser bidding at ¥22,153,000 or $3.2m USD. 7 bids later a 19-year outdated millionaire positioned a successful determine of ¥23,953,000, an equal of $3.5m USD. He broadcasted the method on his Douyin profile, which is the Chinese language model of TikTok.
We suspect the Regera battery is lifeless by now and the substitute price will likely be fairly excessive. However that’s one thing that the manufacturing unit will repair. Fast reminder, the Regera is powered by a V8 hybrid with a set gear. A 5.0L V8 twin-turbo + 3 electrical motors with a complete output of 1,500hp. The one fastened gear permits it to hit prime speeds of as much as 404 km/h (251 mph).
The Agera RS public sale was not as eventful because the Regera one. We’re informed that the majority bidders thought it was an outdated Agera mannequin and due to this fact not a lot consideration was given to it. Because of this, the successful bid was $2.6 million USD. That is method beneath the Agera RS market, the place automobiles simply go for $4 plus million. Bear in mind solely 25 Agera RS had been made excluding the manufacturing unit automobile, and the market acted of their favor after a collection of world data from 2017. In October 2017 an Agera RS did the 0–400–0 km/h (0–249–0 mph) in 36.44 seconds which was sooner than the Bugatti Chiron. And one month later an Agera RS set a brand new world velocity file with a prime velocity of 447 km/h (278 mph).
Powering the Agera RS is identical 5.0L V8 twin-turbo that’s discovered on the Regera, right here the output is 1,341 hp when mixed with the 1 Megawatt bundle.
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Why is it Exhausting to Personal a Supercar or Hypercar in China?
The taxation of hypercars in China is insanely excessive, take a $3m Regera for instance. $3m x 217% (tariff) =$6.51m. $6.51m×13% VAT =7.36, 7.36×10% buy tax = 8.1m. So a $3M automobile imported from the US turns into a $8m automobile after taxes to get the blue plates.
Because of this, your common millionaire in China will drive a Huracan or Ferrari F8, not that they’ll’t afford a hypercar however the taxes don’t make sense for them. What most hypercar house owners do is retailer the automobiles in Hong Kong or Macau to keep away from these taxes. Again at residence within the Mainland, they’ll take pleasure in a mean supercar like a Huracan or MC20. After 2017, it’s virtually unimaginable to import a hypercar in China and get the blue plates on it resulting from these taxes.
The Chinese language web trade is producing many younger millionaires and billionaires yr by yr, and the demand for costly toys is excessive which suggests they should discover various to personal these automobiles. Within the case of the Regera and Agera RS, the federal government seized them after the house owners undervalued their invoices with the intention to pay lesser taxes. The good transfer would have been to maintain the automobiles in a unique area like Macau.
On the intense aspect, the brand new house owners will solely must pay 10% charges to the federal government, the unpaid taxes is not going to fall on them. In some nations, the automobiles truly get crashed with the intention to ship a message to anybody attempting to evade the taxes!