Covid

Tesla says it still has about a week's worth of vehicle parts in stock and is actively pushing more than 100 suppliers to resume production with the support of Shanghai authorities.

In a best-case scenario Giga Shanghai will reach pre-Covid outbreak capacity levels by mid-May, according to TF International Securities analyst Ming-Chi Kuo.

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The goal of the guidelines is to achieve closed-loop management while ensuring risk control, in order to facilitate companies' return to work and production, and to ensure the safety and stability of the supply chain.

FAW Hongqi's plant has been the first to start resuming production, and the first 47 suppliers have resumed production, with other OEMs to resume production in orderly batches, a Jilin official said.

Only some employees are scheduled to return in the first "closed loop," which could last 10 to 20 days, according to a Bloomberg report.

Tesla Giga Shanghai's plan to resume production has been approved by the local government, but is still subject to change, according to Reuters.

The Covid outbreak in Xi'an earlier in the year had an impact on BYD's production, while the situation elsewhere brought relatively little impact, the company's source said.

Earlier today, there were rumors that Tesla replied to US investors that the Shanghai factory could resume work in mid-May at the earliest and the parts supply chain could be restored by then.

SAIC is conducting an internal assessment, which is expected to allow production to restart with the Covid lockdown still in place.