COVID-19 pandemic Archives - Page 2 of 4

Shanghai Jiading District Launches Vehicle Purchase Subsidies

Though high-risk, lockdown and control areas are still under some number of restrictions, Shanghai has now become fully operational as of June 1st. The Jiading District of Shanghai today issued 12 policies to boost consumption throughout the city.

Back to Normal in a Few Days: Hema Fresh CEO Hou Yi

Shanghai is making every effort to accelerate its economic recovery. Hou Yi, CEO of Hema Fresh, said that nearly 80% of the company's stores have resumed online operations.

Shanghai Government Announces Action Plan for Economic Recovery

To coordinate COVID-19 control with economic development, the municipal government of Shanghai launched an action plan on Sunday to speed up economic recovery following weeks of extended lockdowns.

Wanda Film Plans to Build at Least 30 New Cinemas This Year

Wanda Film Holding, China’s leading cinema chain operator, held its 2021 online performance meeting on Wednesday, introducing details on its operations last year and on future plans amid the continuing pandemic.

Luckin Coffee Delivers First Quarterly Operating Profit Since Founding

Chinese beverage chain Luckin Coffee released its unaudited 2022 first quarter report on Tuesday, showing it achieved revenue of 2.4 billion yuan ($359.9 million) during the period.

Trip.com Chairman James Liang Suspended on Weibo

Chinese web users found on Monday that James Liang, the co-founder, former CEO and executive chairman of Trip.com Group Ltd., has been suspended on popular domestic social media site Weibo.

Starna Therapeutics Secures 150 Million Yuan in A-Round Financing

Starna Therapeutics, a Chinese firm focusing on the research and development of new mRNA drugs, recently announced the completion of round-A financing totaling 150 million yuan ($22.1 million).

Online Car-hailing Orders in China Decreases by 11.6% in April amid Covid Outbreak

The Ministry of Transport announced on Wednesday that China's online car-hailing supervision information exchange platform received a total of 476.02 million orders in April, down 11.6% from the previous month.

Tesla Shanghai Expects to Resume Pre-Lockdown Output in Mid-May

Tesla anticipates increasing the production capacity of its Shanghai Gigafactory to pre-lockdown levels around mid-May, but it has not disclosed specific target figures.

Battery Giant CATL’s Shanghai Plant Resumes Pre-lockdown Output

About 90% of employees of Contemporary Amperex Technology Co., Ltd. (CATL), the foremost leader of the power battery industry, returned to work at its Shanghai plant.

Battery Giant CATL Responds to Investor Concerns

Contemporary Amperex Technology Co. Ltd. (CATL), a global leader in lithium-ion battery development and manufacturing, released a record of investor relations activities on Thursday.

Chinese New Energy Vehicle Companies Announce April Deliveries

A range of Chinese new energy vehicle companies have recently reported their April delivery results. They were under greater pressure to deliver during the period due to the COVID-19 outbreaks.

Tesla Announces $4.65B in Q1 Revenue From China

According to information disclosed by Tesla to the United States Securities and Exchange Commission on Monday, the electric vehicle firm's revenue in China in the first quarter this year totaled $4.65 billion.

25% of NIO Auto Tech Research Center Staff Resume On-site Work

About a quarter of the employees at NIO's Auto Tech Research Center in Shanghai returned to work after a lapse of more than 20 days. After arriving at the factory, workers were under closed-off management.

OPPO Sales Volume Ranks First in Domestic Market in Q1 2022

According to the industry consulting service platform CINNO Research on Monday, in the first quarter of 2022, the sales volume of smartphones in Chinese mainland was about 74.39 million units.

Foxconn Responds to Shutdown of Kunshan Factory

On Monday, Foxconn, one of the important foundries of Apple, said its Kunshan subsidiary has suspended its operations due to pandemic prevention and control measures put into place.

CATL Power Battery Factory in Shanghai Resumes Production

Chinese battery maker Contemporary Amperex Technology Co., Ltd. (CATL) had resumed production at its factory in Shanghai on Monday. The factory manufactures power battery modules.

Li Auto Sees Delayed Vehicle Deliveries Amid Stress to Supply Chain

Chinese electric vehicle maker Li Auto said on Wednesday that the delivery of some vehicles would be delayed because supply chain enterprises located in areas hit by pandemic could not ship products normally.

Tesla Shanghai Gigafactory Resumes Work

Tesla's Shanghai Gigafactory, which had been closed for nearly three weeks due to the pandemic, resumed work on Tuesday.

China Drugmaker Plunges After Wanda Director Doubts Covid Treatment Efficacy

The stock price of Yiling Pharmaceutical plunged after Wang Sicong, director of Wanda Group, reposted a video on Weibo that questioned whether the WHO had ever recommended the firm’s drug as Covid-19 treatment.

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