The Latest Breaking News from Shanghai

Tesla celebrates today production of two millionth electric car at the Giga Shanghai plant in China, which produces the Model 3 and Model Y.

Zhang Bencai, also the ex-head of the General Office of the Supreme People’s Procuratorate, took kickbacks in exchange for business and job-related favors

Shenzhen Component Index closed up 0.44%

Zhang Ke, who helped quadruple the insurer’s revenue before leaving in 2020, taken away by authorities in Shanghai

China’s Shanghai Composite ($CHSC ) fell to an 8-month low today and has given up all of this year’s gains. After the Shanghai Stock Index rallied to a 13-month high in May, China’s post-Covid recovery faltered, and its property debt crisis worsened, which weighed on economic growth and undercut stock...

A deliberate attempt by the Shanghai-based New Development Bank to reduce dependency on the US is to offer loans.

Battery production at phase one of the battery facilities at Tesla's Gigafactory Shanghai is the oldest and features a low degree of automation.

Shenzhen Component Index closed up 0.53%

A fleet of mysterious fully covered cars is growing at Tesla's Gigafactory Shanghai, and chances are the vehicles are facelifted Model 3s, aka Project Highland.

Shenzhen Component Index closed down 1.32%

From celebrity suitcases to rare special editions, Rimowa’s ‘Seit 1898’ exhibition catalogues over a century of the German luggage brand, making stops in Tokyo, New York, Shanghai and Cologne