Struggling Japanese auto parts supplier Marelli Holdings will enter a court-led restructuring process after failing to get creditors to back an alternative workout plan that would have brought faster ... ( read original story ...)
Tesla prepares to upgrade Gigafactory Shanghai to produce 21,000 EVs per week
Tesla is preparing to partly shut down Gigafactory Shanghai for a few weeks in order to upgrade the factory to a production capacity of 21,000 electric vehicles per week. After a forced shutdown due ... ( read original story ...)
H&M shuts Shanghai flagship store after lockdowns, consumer backlash
H&M shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against ... ( read original story ...)
Two die as car plummets from third floor in Shanghai
A Chinese electric car company has said that two people died when a vehicle they were testing fell three storeys from a Shanghai car park.Nio said one of those ... ( read original story ...)
H&M Closes Shanghai Flagship, Its First Store in China
Swedish fast-fashion retailer closed its flagship store in Shanghai this week—the first store it opened in China 15 years ago—in another sign of the economic scars left by the two-month Covid-19 ... ( read original story ...)
Shanghai Electric’s Offshore Wind Turbine Generator Designed for China’s Climate Rolls off Production Line
SHANGHAI, June 24, 2022 /PRNewswire/ -- Shanghai Electric Wind Power Group Co., Ltd.'s (Shanghai Electric) first EW8.X-230 wind turbine generator rolled off the production line at the Putian ... ( read original story ...)
Shanghai to Issue Collateral-Free, Low Interest Loans to Help Small Businesses
Several departments of the Shanghai government are lending their support to local banks to provide guarantee-free, low-interest loans to micro, small and medium-sized companies in the city that have ... ( read original story ...)