Covid-related factory shutdowns and travel restrictions have increased production costs for Chinese electric car start-up WM Motor, CEO Freeman Shen told CNBC.
of producing 1 million cars in March 2020.
Part of WM Motor's sales strategy is to work with property developers to open test drive sites in more residential neighborhoods, while building up the cars' autonomous driving capabilities such as in parking, Shen said. Cities frequently change Covid testing requirements for travel, while flights and train tickets can get cancelled based on newly reported Covid cases.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beijing Olympics COVID cases put strain on China's zero-COVID strategyChina's 'zero tolerance' pandemic measures include isolating everyone associated with the Winter Games, which begin on February 4, from the general population.
Read more »
China reports jump in COVID cases among Olympic athletes, officialsDaily COVID-19 infections among athletes and team officials at the Beijing Winter Olympics jumped to 19 on Friday from two a day earlier, as Games organisers warned of more cases in coming days.
Read more »
-China reports 34 new COVID-19 cases among Games-related personnelThirty-four new COVID-19 infections were detected among Olympics-related personnel, the Beijing 2022 Winter Games organising committee said on Sunday, including Poland's short track medal hopeful Natalia Maliszewska.
Read more »
COVID disruptions caused spike in noncompliance with health and safety rulesAs the pandemic caused rolling shutdowns across the world economy, companies needed to act nimbly, shifting production to new countries and new facilities. Some of those factories cut corners to fulfill the new demand.
Read more »
Utahns rally for health officials — not politicians — to determine COVID policiesAbout 200 individuals gathered on the state Capitol steps on Saturday to rally in favor of letting health officials — not politicians — make public health decisions.
Read more »
At the Capitol, masks and COVID precautions on the floor break on party linesThe political clash over COVID-19 are palpable in the Capitol so far this session, as the GOP majority quashes public health measures, casts doubt on the efficacy of masks and largely dispenses with face coverings.
Read more »