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The Latest Breaking News from Shanghai

Tesla Analyst Contradicts Elon Musk On China Lockdown Impact: 'Giga Shanghai Ramp-Up Unlikely Until June'

The key to Tesla, Inc. (NASDAQ: TSLA) hitting its sales target for the year is the speedy ramp of Giga Shanghai, which faced disruptions from COVID-19 lockdowns in China.

Benzinga

Shanghai to restrict access to food deliveries and hospitals in new severe phase of Covid lockdown

City officials move to toughen lockdown rules further despite being urged to change course

Evening Standard

Shanghai maintains 'zero-COVID' policy but the U.N. says it is not sustainable

The leader of the World Health Organization says he doesn't think that a 'zero-COVID' strategy is sustainable, given the behavior of the virus.

WEKU

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Shanghai Composite Index Rose 0.75% on Wednesday

Shenzhen Component Index closed up 1.8%

Caixin Global

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Al Jazeera

Lifting zero-Covid policies in China could risk 1.6m deaths, says study

Authorities might let people isolate at home instead of quarantine centres but anger continues in Shanghai about heavy-handed tactics

The Guardian - AU

Shanghai reaffirms 'zero-COVID'; WHO says not sustainable

Shanghai is reaffirming China's strict “zero-COVID" approach to pandemic control, a day after the head of the World Health Organization said that was not sustainable and urged China to change strategies

The Independent UK

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Half of Shanghai achieves 'zero COVID'; city presses on with 'unsustainable' fight

China hit back on Wednesday against what it called "irresponsible" comments by the head of the World Health Organization, who described the country's uncompromising and increasingly painful "zero COVID" policy as "not sustainable."

Reuters

China risks 1.6 million deaths in virus ‘tsunami’ if Covid Zero is abandoned: Study

BEIJING: China risks a “tsunami” of coronavirus infections resulting in 1.6 million deaths if the government abandons its long-held Covid Zero policy and allows the highly-infectious Omicron variant to spread unchecked, according to researchers at Shanghai’s Fudan University.

The Times of India

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

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

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Caixin Global

Shanghai Composite Index Rose 1.06% on Tuesday

Shenzhen Component Index closed up 1.37%

Reuters

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.

The Independent UK

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 Times of India

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.

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Benzinga

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

The Guardian - UK

‘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

Benzinga

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…

Caixin Global

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

The Independent UK

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

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…

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