The Latest Breaking News from Shanghai

Nio joined Tesla in China by shutting down production of electric vehicles and hiking EV prices. Nio stock fell.

Critical NIO Inc (NYSE:NIO) supplier Contemporary Amperex Technology Co. Ltd has implemented a closed-loop for workers at its main China factory in China, Bloomberg reports. The closed-loop helped the leading EV battery maker avoid the kind of Covid-19 shutdowns which are hurting Tesla Inc (NASDAQ:TSLA) and Volkswagen AG (OTC:VWAGY). Also Read: Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses  CATL looked…

Tesla's March China sales were up 85% from last year, but overall sales in the world's biggest car market slumped lower amid Covid-linked plant closures and consumer restrictions.

China’s most populous city to allow ‘appropriate activity’ in areas where there have been no cases for at least two weeks

Beijing (AFP) - Tesla exported only 60 China-made cars in March, a trade body said Monday, with the domestic market absorbing most of its production while virus curbs in areas like Shanghai and Jilin hurt deliveries in the auto industry.

Footage shows masses of people racing for food and medical supplies, as 26 million people face lockdown as China is once again gripped by a wave of Covidspreading through the population

Shanghai (AFP) - Shanghai eased restrictions on some neighbourhoods Monday after mounting outcry over inflexible Covid-19 rules that have locked down 25 million people, caused food shortages and left thousands in quarantine.

It promises relief for some of the city’s 25 million residents, many of whom struggled to find food and medicine in the lockdown

Small "riots" break out in Shanghai as residents who have been confined in their homes for three weeks show their frustration at China's draconian "COVID-zero" policy.

Shenzhen Component Index closed down 3.67%

China's financial centre of Shanghai started easing its lockdown in some areas on Monday despite reporting a record of more than 25,000 new COVID-19 infections, as authorities sought to get the city moving again after more than two weeks.