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The Latest Breaking News from Shanghai

Elon Musk Says Tesla Will Expand Giga Shanghai But No New Plant Planned In China

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday that the electric vehicle maker would expand its Giga Shanghai factory but has no plans to launch any new plants in China.

Benzinga

Dropping zero-COVID policy in China without safeguards risks 1.5m lives - study

China risks just over 1.5 million COVID deaths if it drops its tough zero-COVID policy without any safeguards such as ramping up vaccination and access to treatments, according to new modelling by scientists in China and the United States.

Reuters

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a COVID crisis. Around 400 million people are currently thought to be living under some form of lockdown across the country. One of China’s largest cities, Shanghai,…

The Conversation

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China: Made In China Tesla Wholesale Shipments Collapsed In April 2022

The total Tesla volume (sales and export) - according to the CPCA's data - amounted to just 1,512 units, which is 94% less than a year ago.

InsideEVs

Luxury Brands Navigate Shanghai’s Lockdown to Keep VIPs Pampered

What Ms.

Asharq Al-Awsat

Shanghai Composite Index Rose 1.06% on Tuesday

Shenzhen Component Index closed up 1.37%

Caixin Global

Tesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID

Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories face trying to ramp up output under a tightening COVID-19 lockdown, while China's capital kept up its fight with a small but stubborn outbreak.

Reuters

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Shanghai disinfects homes, closes all subways in COVID fight

Teams in white protective suits are going into the homes of coronavirus-infected people to spray disinfectant as Shanghai tries to root out an omicron outbreak under China’s strict “zero-COVID” strategy

The Independent UK

China tightens Covid noose as cases persist in Shanghai, Beijing

BEIJING/SHANGHAI: China is tightening pandemic restrictions in Shanghai and expanding a mass testing sweep in Beijing as officials chase the elusive goal of wiping out Covid-19 cases in the community.

The Times of India

Tesla Said To Halt Shanghai Production Again — This Time Due To Supply Woes

Tesla Inc (NASDAQ: TSLA) halted production at the Giga Shanghai on Monday due to issues with supplies, Reuters

Benzinga

‘No end in sight’: Shanghai residents chafe at harsh Covid measures

Tensions rise again as lockdowns grind on and the city’s population tire of strict zero-Covid policy

The Guardian - UK

Lenovo, Xiaomi, Other Chinese Tech Giants Pull Back From Russia

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

Benzinga

Texas Instruments Denies Firing Staff as Shanghai Microcontroller Unit Disbanded

Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say

Caixin Global

Shanghai tightens lockdown despite falling COVID cases

Authorities in Shanghai have again tightened anti-virus restrictions, just as the city was emerging from a month of strict lockdown due to a COVID-19 outbreak

The Independent UK

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Caixin Global

Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.41%

Asharq Al-Awsat

Downtown Beijing Goes Quiet as Zero-Covid Policy Smothers Capital

Millions of people in Beijing stayed home on Monday as China's capital tries to fend off a Covid-19 outbreak with creeping restrictions on movement. Beijing residents fear they may soon find themselves in the grip of the same draconian measures that have trapped most of Shanghai's 25 million people at…

The Independent UK

China trade weakens after cities shut down to fight virus

China’s export growth tumbled in April after Shanghai and other major industrial cities were shut down to fight virus outbreaks

Reuters

'Like a prison': Shanghai, Beijing ratchet up COVID restrictions

China's two largest cities tightened COVID-19 curbs on Monday, fuelling public angst and even questions about the legality of its uncompromising battle with the virus that has battered the world's second largest economy.

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Tribune News Service

China premier warns of ‘grave’ jobs situation amid lockdowns

Chinese Premier Li Keqiang warned of a “complicated and grave” employment situation as Beijing and Shanghai tightened curbs on residents in a bid to contain COVID-19 outbreaks in the country’s most important cities.

The Times of India

Covid-19: Videos of people being dragged into isolation censored in China

BEIJING: Videos of people being dragged from their homes by health workers in hazmat suits coursed through Chinese social media late Sunday before being pulled down on some platforms, as Shanghai’s intensive lockdown enters its seventh week.

Reuters

Analysis-Shanghai COVID crisis puts political spotlight on key Xi ally

If Shanghai Communist Party chief Li Qiang has been politically bruised by the city's struggle to tame a COVID-19 outbreak that has infuriated residents and caused severe economic damage, there is little sign of it.

Reuters

Shanghai tightens lockdown to hit zero-COVID goal by late May - sources

Shanghai is tightening its already strict COVID-19 lockdown in a fresh push to eliminate infections outside quarantined areas of China's biggest city by late this month, people familiar with the matter said.

Reuters

Chaos at Apple supplier Quanta shows strains of Shanghai COVID lockdown

Quanta Shanghai Manufacturing City would seem like an ideal site to implement China's "closed-loop" management system to prevent the spread of COVID that requires staff to live and work on-site in a secure bubble.

Reuters

'Stop asking why': Shanghai tightens COVID lockdown, Beijing keeps testing

Shanghai authorities were tightening the city-wide COVID lockdown they imposed more than a month ago, prolonging into late May an ordeal that China's capital Beijing was desperate to avoid by turning mass testing into an almost daily routine.

Benzinga

EV Week In Review: Tesla Has Good News On Shanghai, Nio's Plans Amid Delisting Risk, And This Auto Giant Renews EV Leadership Pledge

Electric vehicle and allied sector stocks extended their losses in the week ending May 6, caught in the vortex of the broader market sell-off seen in the final two sessions of the week. Chinese EV stocks led the week's retreat amid fears that they could be potentially delisted from U.S. exchanges.

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