BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players

MORNING SQUAWK APAC Friday, 24 June 2022 BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players BMW has officially opened its new 15 billion yuan ($2.2 billion) factory in Shenyang, China with a strong focus on electric vehicles. » Read more Hong Kong's Hang Seng rises as Asia markets gain; logistics firm GoGoX pops in debut Shares in the Asia-Pacific were higher on Friday as investors weigh recession fears. » Read more Russia's ruble hit its strongest level in 7 years despite massive sanctions. Here's why The ruble has actually gotten so strong that Russia's central bank is trying to weaken it, fearing that this will make their exports less competitive. » Read more JPMorgan picks stocks to play a part of China that's flown under the radar While big Chinese cities battle Covid, consumers in smaller cities are more in a mood to spend, JPMorgan analysts said, citing a consumer expert. » Read more 'It's almost unbelievable': People are having their job offers rescinded days before they start It's not just crypto companies. People in health care, commerce and management are losing new jobs before they even start. » Read more Today's Guest Highlights on CNBC All times in SIN/HK 10:30 Teck Leng Tan Executive Director / UBS Global Wealth Management FX 11:00 Alexander Treves Managing director / JPMorgan Asset Management Asian markets 12:15 Alessia Berardi Head of EM macro and strategy research / Amundi Institute  BRICS Summit Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632