Tim Hortons China announced its opening of another joint store with Tencent E-Sports in Shanghai on August 3. This is the second joint store opened by the pair in Shanghai and the third joint store opened in China.
On July 28, the Shanghai Municipal Government issued the "Implementation Plan for Carbon Peaking in Shanghai" and a corresponding regulatory opinion notice.
The China Passenger Car Association (CPCA) reported on Tuesday that the Shanghai production bases of several major vehicle companies had, by mid-June, increased their single-day production numbers.
TikTok’s owner ByteDance has disbanded its 101 Game Studio in Shanghai, letting about half of the 300-plus staffers go and offering internal transfers to the rest.
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.
Major digital platforms offering daily services to Shanghai residents have also adopted measures to support the efforts, including Meituan Waimai and DiDi Global Inc.
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.
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.
NIO plans to build a new R&D project in Shanghai, including 31 labs for the R&D and trial production of lithium-ion battery cells and battery packs. The investment totals 218.5 million yuan ($32.75 million).
An insider at the automotive division of Beijing-based tech giant Xiaomi stated: "Xiaomi Auto has no plans to set up a factory in Shanghai now, and the screenshot circulating on the internet is not true."
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.
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.
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.
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.
Shanghai's top market regulator said on Monday that it had summoned 12 e-commerce platforms including Meituan and Ele.me for review of topics including price gouging during the ongoing COVID-19 outbreak.