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The Latest Breaking News from Shanghai

Piper Sandler Remains Cautious On Tesla Despite Noting Its Strength

Piper Sandler analyst Alexander Potter admitted that the current weekly China Passenger Car Association February sales and production exhibited continued strength for Tesla Inc's (NASDAQ:TSLA) Shanghai factory. Tesla sold 56,515 China-made vehicles in February, including 33,315 for export. Potter also noticed a "general uptick in inbound calls" from investors regarding Tesla's exposure to geopolitical risks and commodity price…

Benzinga

Shanghai steps up defences against wave of asymptomatic COVID cases

The Chinese financial hub of Shanghai is moving quickly to halt the spread of COVID-19 amid a rising wave of local symptomless cases, testing tens of thousands of people, delaying dozens of concerts and exhibitions and shutting some public venues.

Reuters

Nickel chaos goes silent as China also hits pause on trading

Nickel futures are not trading anywhere in the world on Wednesday, after prices in Shanghai hit their daily upward limit in the wake of unprecedented moves and a trading suspension on the London Metal Exchange.

Bangkok Post

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Tesla Stock Active As China Sales Hold Steady In February, Nickel Prices Surge

Tesla's February China sales were down 5.6% from the previous month, but held at impressive levels when compared to last year as the Shanghai plant continues to meet the bulk of Europe's rising demand.

The Street

Shanghai Composite Index Fell 2.35% on Tuesday

Shenzhen Component Index closed down 2.62%

Caixin Global

Mainland China daily local COVID cases climb to 2-year high

Mainland China has logged its highest number of daily new local symptomatic COVID-19 infections in about two years, with the highly transmissible Omicron variant putting pressure on the government's strict policy of curbing each outbreak quickly.

Reuters

China Green Bulletin: China’s Energy Intensity Dropped 3.8% in 2021

BIS to launch Asia green bond fund for central banks, leading lenders disclose details of emission reduction loans

Caixin Global

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Shanghai Composite Index Fell 0.96% on Friday

Shenzhen Component Index closed down 1.37%

Caixin Global

Tesla Said To Plan Second Factory In Shanghai To Meet Rising Demand

Tesla expects to start working on the new plant as soon as next month, with the facility to be located in the vicinity of the existing site, Reuters reports.

InsideEVs

Tesla Plans For A Second Plant In Shanghai To Increase China Production Capacity to 2M Cars: Report

Electric vehicle leader Tesla Inc (NASDAQ: TSLA) has ambitious plans for China, a country considered to be a vital part of the company's growth story.

Benzinga

Alibaba says profit fell 74% in 'volatile' environment

Shanghai (AFP) - Chinese e-commerce giant Alibaba on Thursday said profit in the October-December period fell 74 percent, the company's third straight quarterly drop as it faces myriad challenges including a government crackdown, slowing sales growth and intensifying domestic competition.

AFP

Tesla To Increase Parts Production Capacity At Giga Shanghai To Meet Export Demand: Report

Tesla, Inc. (NASDAQ: TSLA) has a thriving manufacturing base in Shanghai that has emerged as its export base in the region.

Benzinga

Tesla To Invest/Expand Giga Shanghai: 1M Annual Production Goal

Tesla just announced an investment related to its China factory in November. Now, it's raising the stakes to meet a new goal of 1 million EVs produced per year.

InsideEVs

China's child-rearing costs far outstrip US, Japan

SHANGHAI: The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.

Bangkok Post

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The Street

Russia Sanctions, Activision, Palo Alto Networks, Tesla and Stocks - Five Things You Must Know

Stock futures bounce higher as Russia-Ukraine crisis pauses; Britain joins U.S. With Russia-targeted sanctions on banks, billionaires; Activision Blizzard set to delay premium 'Call of Duty' release; Palo Alto Networks tops Q2 earnings, boosts outlook and Tesla seeks permission to expand Shanghai production pace.

InsideEVs

Tesla's China Factory Cranking Out Exports Ahead Of Local Sales

We've seen many reports of a massive assortment of Tesla cars ready to leave Shanghai for global delivery. This doesn't mean Tesla won't also deliver in China.

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Monday

Shenzhen Component Index closed up 0.09%

AFP

'Not a blockbuster' but Olympics give China plenty to tout

Shanghai (AFP) - The Beijing Winter Olympics had loomed as one of the most politically contentious in memory and with fears about Covid, but most of that receded once the skis and skates were put on.

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The Japan News/Yomiuri

Japanese man in custody in China since last year

SHANGHAI -- A Japanese man in his 50s has been detained in Shanghai by Chinese authorities since December, according to Japanese and Chinese sources.

France 24

Chinese artist Ai Weiwei: Western boycott of Beijing Olympics is 'a joke'

He is the most famous Chinese dissident and one of the best-known contemporary artists in the world. Ai Weiwei was harassed by the Chinese authorities, who bulldozed his Shanghai studio, sent him to jail without charge and drove him out of his country. After the February 2 publication of the…

The Street

Tesla Stock Higher After Data Shows Slowing January China Sales

Tesla saw a slowdown in China sales last month that outpaced the broader market following warnings over capacity constraints at its Shanghai gigafactory.

Caixin Global

Shanghai Composite Index Rose 0.17% on Thursday

Shenzhen Component Index closed down 0.73%

The Independent UK

Asian shares fall as markets watch omicron, central banks

Asian shares are mixed, with Shanghai gaining after reopening from the Lunar New Year holidays

Asharq Al-Awsat

Hologram of IOC’s Bach Hands over ‘Torch’ in Virtual Relay

After days of face to face diplomacy at the Beijing 2020 Winter Olympics, it was time for the holograms to take over on Sunday. A life-size image of International Olympic Committee president Thomas Bach virtually handed an Olympic torch to a similar hologram of the chief executive of tech giant…

Daily Mirror

Government paying to rent storage space in China for 1.6 billion items of unused PPE

Ministers have confirmed taxpayers are paying to rent thousands of shipping containers to house billions of masks, gloves and gowns across the UK - and in Shanghai

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