Shanghai

Tesla owners in China protest against abrupt price cuts they missed

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Shanghai Reuters — Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centers in China over the weekend, demanding rebates and credit after suddenly price cutswhich they said meant they had overpaid for electric cars they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered … Read more

China’s new Covid surge is crippling the world’s most important factories and biggest ports

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Workers test transformers at a workshop of Hebei Gaojing Electric Equipment Co LTD in an industrial park in Handan, North China’s Hebei province, Jan 3, 2023. CFOTO | Future Publishing | Getty Images The surge in Covid-19 cases in China is impacting the completion of manufacturing orders, according to CNBC Supply Chain Heat Map data. … Read more