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The Latest Breaking News from Shanghai

2024 Lexus LM Luxury Minivan Debuts In Shanghai With 48-Inch Screen

A fancy four-seat version gets a retractable glass partition and a refrigerator.

Motor1

Volkswagen Left Behind as China Goes All In on EVs

The push for battery power is leveling the playing field for foreign and domestic manufacturers.

Businessweek

Chinese Basketball Association Expels Two Teams From Playoffs

CBA president Yao Ming announced the punishment Monday.

Sports Illustrated

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Chinese team with a suspended Eric Bledsoe disqualified for ‘fixing’ multiple playoff games

Yao Ming, the CBA's president, called it a "saddening" week for the league.

USA Today Sports Media Group

Tesla factory workers in Shanghai urge Elon Musk U-turn on bonus cuts

One worker said they were “shocked and disappointed” after staff bonuses were reportedly cut following a fatal workplace accident.

Fortune

Australian man who wrote reports for suspected Chinese spies refused bail in Sydney

An Australian man has been refused bail after being charged with a foreign interference offence for accepting cash from suspected Chinese intelligence agents, with a Sydney court saying his close ties to China made him a flight risk.

Reuters

Bondi man faces court after foreign interference charge

A man charged over alleged foreign interference is due to face a court in Sydney accused of giving information to spies purporting to be from a think tank.

AAP

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China auto show highlights intense electric car competition

Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that its developing its own EVs, self-driving cars and other futuristic technology

The Independent UK

Brazil's Lula Criticizes US Dollar and IMF during China Visit

The two countries have recently announced a deal to trade in their own currencies, dropping the dollar as an intermediary.

Asharq Al-Awsat

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

France 24

Brazil's Lula in Shanghai on visit to boost ties with China

Brazilian President Luiz Inácio Lula da Silva is in the Chinese financial hub of Shanghai as he looks to boost ties with his country's biggest trade partner

The Independent UK

London will lose “to New York, Hong Kong and Shanghai for years to come” warn City bosses

Just five floats so far this year raise puny £81m

Evening Standard

2024 Polestar 4 To Debut April 18 As Brand's Fastest Production EV

Making its world premiere in Shanghai, the Polestar 4 combines the aerodynamics of a coupe with the space of an SUV in a package enhanced by modern technology.

InsideEVs

Shanghai Composite Index Fell 0.05% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

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France 24

Tesla signs deal for 'Megapack' factory in Shanghai

After building an electric vehicle factory in Shanghai in 2019, the US company has signed an agreement to build another plant in the city, this time to make large-scale energy storage units known as "megapacks". With the agreement, Elon Musk's company is doubling down on its China investments, amid increasing…

Caixin Global

Shanghai Composite Index Fell 0.37% on Monday

Shenzhen Component Index closed down 0.8%

Axios

Tesla to build "Megafactory" in Shanghai for "Megapack" batteries

Tesla plans to initially produce 10,000 Megapack units a year at the factory.

Tribune News Service

Tesla to build new Shanghai factory for Megapack battery

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.

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The New Daily

Tesla to build factory in Shanghai for Megapack batteries

Tesla will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reports.

The Independent UK

Reports: Tesla plans Shanghai factory for power storage

Chinese state media say electric car maker Tesla Inc. plans to build a factory in Shanghai to produce power-storage devices for sale worldwide

Fortune

Ethereum's Shanghai upgrade looms. What you need to know

Investors finally will have access to more than $30 billion worth of the cryptocurrency.

Reuters

Vatican says China has unilaterally appointed bishop to Shanghai

Chinese authorities have appointed a new bishop to Shanghai, the Vatican said on Tuesday, in an apparent violation of a bilateral pact between the two states.

Bangkok Post

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Financial Times

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Radio France Internationale

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

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