China EVs & More Episode #64 - Covid China production update, NIO Singapore & Qiantu US listing
Tu starts this episode out with a quick Covid update on his situation in Beijing.
Tu & Lei have a discussion on the production challenges and sales slides for the automakers in April. Lei opens up a bit about what he's heard about Tesla's doubling down in Shanghai and all of the help that they've been offered to get ShanghaiGiga but up and running. With the additional capacity that's anticipated in Shanghai, Tu coins the term Tesla City for the Lingang area where ShanghaiGiga resides.
The conversation shifts to NIO getting listed in Singapore and the chances that they will be booted off of the NYSE. Tu then asks Lei for a history lesson on Qiantu who had just announced that they'll be going public via a SPAC merger later in 2022. Tu and Lei think it's a pretty peculiar move for them due to the negative shift in sentiment in SPACs.
Tu closes out the pod with a bit of speculation on where any excess capacity coming out of ShanghaiGiga will go - he believes more vehicles will be shipped to Japan, South Korea and parts of SEA.
We apologize for technical issues we had recording this episode.
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