Tesla shuts down Shanghai plant over supply issues: Report

Tesla shuts down Shanghai plant over supply issues: Report

Tesla had planned as late as last week to increase output to pre-lockdown levels by next week

AgenciesUpdated: Tuesday, May 10, 2022, 01:22 PM IST
article-image
The US automaker has halted most of its production at the plant due to problems securing parts. / Representative image | File Photo

Tesla has decided to shut down its Shanghai plant on Tuesday amid tightening COVID lockdown. The factory was functioning well below capacity on Tuesday, according to Reuters.

The US automaker has halted most of its production at the plant due to problems securing parts, according to an internal memo seen by Reuters.

Tesla had planned as late as last week to increase output to pre-lockdown levels by next week. Among Tesla suppliers facing difficulties is wire harness maker Aptiv after infections were found among its employees, sources said on Monday, Reuters said.

Many of the hundreds of companies reopening factories in Shanghai in recent weeks have faced challenges getting production lines back up to speed while keeping workers on-site in a "closed loop" system, the report said.

(With inputs from Reuters)

RECENT STORIES

IPO Market Buzz In The Year’s Final Week, 11 New Issues To Open With Strong SME Dominance

IPO Market Buzz In The Year’s Final Week, 11 New Issues To Open With Strong SME Dominance

Foreign Investor Trades & Global Data In Focus, Currency Moves & Macro Cues To Shape Market...

Foreign Investor Trades & Global Data In Focus, Currency Moves & Macro Cues To Shape Market...

Top-10 Firms’ Market Value Rises Despite Weak Markets, TCS & Infosys Lead ₹75,257 Crore Weekly...

Top-10 Firms’ Market Value Rises Despite Weak Markets, TCS & Infosys Lead ₹75,257 Crore Weekly...

Railway Fares Set To Rise From December 26, Small Ticket Price Hike To Help Railways Earn ₹600...

Railway Fares Set To Rise From December 26, Small Ticket Price Hike To Help Railways Earn ₹600...

Debit Card Lounge Access Rules Change, HDFC Bank Tightens Entry Norms With New Voucher System From...

Debit Card Lounge Access Rules Change, HDFC Bank Tightens Entry Norms With New Voucher System From...