News Snapshot:
Tesla exported only 60 China-made cars in March, a trade body said on Monday, with the domestic market absorbing most of its production, while virus curbs in areas like Shanghai and Jilin hurt deliveries in the car industry. Shanghai is home to Tesla’s multibillion-dollar “giga-factory”, which the company calls its main export hub, and has the capacity to produce hundreds of thousands of vehicles per year. But the factory – like much of the country’s car industry – has been hit by pandemic-related disruptions. While Tesla China delivered 65,814 cars at its factory last month, only 60 were exported, the...
