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Aug 18 • 4 tweets • 4 min read
Power crunch in drought-hit Sichuan and Chongqing disrupts production in auto industry chain; parts of Tesla, NIO, and other EV makers' charging services suspended due to power rationing: local media
#Tesla $TSLA $NIO #Sichuan #China #EVs
Tesla has asked Chinese govt to help secure power to its suppliers amid power rationing in Sichuan.
#Tesla $TSLA $NIO #Sichuan #China #EVs
#FYI: Sichuan-Chongqing region is one of six major automobile industry clusters in China, with an annual capacity of 2.725 million vehicles in 2021, accounting for 10.3% of China's annual capacity.
#Tesla $TSLA $NIO #Sichuan #China #EVs
Automakers including Toyota, FAW-Volkswagen, Shenlong Automobile and Geely have been hit by power rationing at their Sichuan plants. CATL's major battery production base in Sichuan halted production earlier this week as authorities prioritize guaranteeing residential electricity.

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More from @Sino_Market

CN Wire Profile picture
Aug 18
Germany wants to work with Canada on LNG but does not expect any agreements during Scholz trip - Reuters cites German govt source
#OOTT #LNG #Germany🇩🇪 #Canada🇨🇦
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Aug 18
⚡SHANGHAI-MADE NEW TESLA MODEL 3 TO BE POWERED BY CATL'S BATTERIES WITH AT LEAST A 10% INCREASE IN BATTERY PERFORMANCE: SINA TECH
#Tesla $TSLA #Shanghai
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CN Wire Profile picture
Aug 18
#China's industry ministry MIIT urges effective measures to boost industrial economy.
#China's industry ministry MIIT says to effectively coordinate epidemic prevention and control with economic and social development.
#China's industry ministry MIIT says to guide expansion of consumer demand for automobiles, home appliances, green building materials, and other bulk commodities.
#OOTT #EVs
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CN Wire Profile picture
Aug 17
China, Japan arrange 9th round of high-level political dialogue on August 17; China's top diplomat Yang Jiechi, Japan's National Security Director Takeo Akiba co-chair meeting: Xinhua
#China #Japan
#China's Yang Jiechi says peaceful coexistence and friendly cooperation are only correct choices for bilateral relations, calls on #Japan to eliminate internal and external interference and work together to build a China-Japan relationship meeting requirements of new era.
China's Yang Jiechi: Taiwan is an inalienable part of China's territory. Japanese side should establish a correct understanding of China, and pursue a positive, pragmatic and rational policy toward China.
#China #Japan #Taiwan
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Aug 17
⚡CHINA, MONGOLIA REACH 'IMPORTANT CONSENSUS' ON CONSTRUCTION PLAN FOR KEY CROSS-BORDER FREIGHT AND COAL TRANSPORT RAILWAY: STATE PLANNER
#China #Mongolia #coal
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#China #Mongolia #coal
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#China #Mongolia #coal
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Aug 17
Russia Forecasts Average Export Gas Price to More Than Double to $730 Per 1,000 Cubic Meters in 2022 - Reuters Cites Document
#OOTT #ONGT #Russia
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#OOTT #ONGT #Russia
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#OOTT #ONGT #Russia
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