My Investing Muse

Source: https://cnevpost.com/2022/07/28/shanghai-aims-to-see-over-50-of-vehicle-sales-be-purely-electric-by-2025/ As per reported by CnEVPost on 28 July 2022, Shanghai aims to see over 50% of vehicle sales be purely electric by 2025. Shanghai is accelerating the full electrification of public sector vehicles and encouraging the private sector to buy electric passenger cars, according to a carbon peak implementation plan.  Screenshot of the news article Good news for the EV makers like Tesla, BYD, NIO, LI and Xpeng.   From a recent CNN news article dated 17 May 2022: The city (Shanghai) ranks No. 1 in overall car sales — about 736,700 new vehicles were sold in Shanghai last year, the most among all Chinese cities, according to statistics from the country's main insurance regulator. The EV manufacturers will need to step up - expand their capacity, manage their supply chain and also secure their supplies within the next 3 years .  The infrastructure for charging and battery sw...

Holidays Hong Kong will be closed for the Easter holidays on 18 Apr 2022 (Mon) . News Sri Lanka has reached out to the international community (namely IMF and China) for help as they began their default.  Unrest was reported in the country as they ration fuel and faced power outages.   War rages on in Ukraine though there were continuing peace talks.  Following the updates of stories from previously occupied towns, the West looks to apply more sanctions on Russia. There is some tension when a US delegate visited Taiwan.  Shanghai's lockdown has eased with the lift of restrictions in selected districts. In the market, the biggest news was Elon's quest for free speech through his offer of USD$43 billion to purchase Twitter.  The US hits a record inflation rate of 8.5% and we can expect the Fed to respond with a more aggressive rate increase and asset selling. Economic Calendar Economic Calendar for the week starting 18Apr22 Notable events: China reports their...

Gigafactory Shanghai (the world's biggest EV factory) produces about 2,000 vehicles daily. As per Elon Musk, Tesla could have produced more if not for the supply chain challenges & 13 days lockdown at Shanghai. More production growth is expected with Berlin, Texas (grand opening on 7th Apr 2022) and Shanghai's expansion. Shanghai's expansion will more than double production capacity in China to meet growing demand for its cars in the country and export markets. All the locations combined would give Tesla the annual production capacity of 2 million units.  This would not happen overnight as the Gigafactories take time to ramp up, optimize their production and sort out the supply chain challenges from the respective regions.  Thus, the 2 million annual production looks more possible after few quarters of run in. Tesla is expected to announce updates about new Gigafactory in other locations soon as Tesla works towards the target of 20 million unit...