Shanghai
A commentary from Mark Martyrossian, Director at Aubrey Capital Management, on Shanghai and what the re-opening of the City post covid could mean for emerging market investors. Shanghai’s Re-OpeningThe official line today from Shanghai is that the City aims to reopen more broadly and allow “normal life” to resume from 1st June. There have been other announcements declaring the City’s epidemic under control whilst reiterating that the objective of preventing a rebound in infections outside quarantine areas remains paramount so that some restrictions will remain in place. Q1 2022 hedge fund lett...
ValueWalk
The existing Giga Shanghai just reopened from local Covid restriction at the end of April. Tesla Plans Second Plant In ShanghaiTesla Inc (NASDAQ:TSLA) disclosed the project of constructing a new factory in Shanghai to more than double production capacity and turn Shanghai into ‘the world’s largest vehicle export hub’, according to a thank you letter to local Shanghai Pilot Free Trade Zone in Lingang Area. Had the second plant finished, Tesla would be able to produce 450,000 more cars annually, including Model 3s and Ys. The total annual output will hit one million vehicles, plus the current ca...
ValueWalk
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