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A special purpose vehicle is a subsidiary company created by a parent company to undertake specific projects or transactions. SPVs can be used for a variety of reasons, including asset securitization, risk management, or to circumvent regulatory hurdles. The fundamental premise behind SPVs is that they allow the parent company to isolate financial risk, ensuring that any liabilities remain confined to the SPV and do not affect the parent company's balance sheet.


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When comparing the cost of new energy cars to traditional gas-powered cars, it's essential to consider not just the upfront purchase price but also the long-term savings. EV power vehicles have significantly lower fuel and maintenance costs compared to gas cars. Charging an EV is cheaper than filling up a gas tank, and with advances in EV power solutions, charging times are becoming shorter, adding to the convenience.

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