Category: Shanghai News

Giga Shanghai is now the only Tesla plant making cars

“Our Shanghai factory continued to achieve record levels of production, despite significant setbacks,” the company said in the announcement. Details in sales by region were not revealed. China ……


Three Gorges Dam Mulls IPO in China to Raise as Much as $3.5B

China’s Three Gorges Renewables Group is planning to raise up to CNY 25 billion ($3.52 billion) in what could be the country’s second biggest IPO of the year. Three Gorges looks to sell up to 8.57 ……


Longer range China-made Model 3

Tesla (NASDAQ:TSLA) plans to expand its lineup in China by offering a locally built Model 3 sedan with a range of more than 650 kilometers (404 miles) on one charge.That compare ……


China stocks end higher on stimulus, drop in new coronavirus cases

China stocks ended up more than 2% on Tuesday as markets resumed trading after a long weekend, with investor sentiment lifted by the government’s latest stimulus to shore up the world’s second-largest ……


Yuan rises to over 1-week high as China virus outbreak recedes, more stimulus expected

The yuan rose to a 1-1/2-week high against the dollar on Tuesday, buoyed by expectations of more government economic support measures and further signs that the coronavirus outbreak is receding in ……


China’s Shenzhen stocks surge more than 2% as hopes rise on slowing coronavirus spread

Stocks in Asia rose in Tuesday afternoon trade on rising hopes the spread of the global coronavirus pandemic may be slowing….


China stocks rise on stimulus, drop in new coronavirus cases

China stocks rose about 2% on Tuesday as markets resumed trading after a long weekend, with investor sentiment lifted by Beijing’s latest stimulus to shore up the world’s second-largest economy and a ……


China’s Ucar, in which Luckin chairman is top shareholder, halts shares

China’s Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about ……


China’s Three Gorges Dam seeks to raise US$3.5 billion in a stock sale, in country’s biggest fundraising this year

The company plans to sell as many as 8.57 billion shares in Shanghai, according to a prospectus posted on the website of the China Securities Regulatory Commission (CSRC). The assets to be listed ……


China Three Gorges Eyes $3.5 Billion IPO With Renewables Listing

State-owned China Three Gorges Renewables Group Co. is seeking to raise 25 billion yuan ($3.5 billion) in what could be one of the country’s biggest initial public offerings this year.The company ……