BUSINESS NEWS

Tesla and Other Auto Makers Move to Restart Plants in Shanghai



Auto makers including Tesla and SAIC Motor are aiming to resume production next week in Shanghai, people familiar with the matter said, as fears grow over the devastating impact on the economy of prolonging factory closures as a result of China’s stringent Covid-19 control measures.

Meanwhile, more cities in China tightened Covid restrictions on Friday, including Xi’an, a city of around 13 million that emerged from weeks of lockdown just months ago, a sign China’s strict approach to controlling outbreaks will continue to weigh on the country’s economy.



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