Beyond Meat to launch manufacturing facilities in China

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Beyond Meat Inc. has announced a deal through its subsidiary Beyond Meat (Jiaxing) Food Co., Ltd that will launch manufacturing facilities for its plant-based meat alternative products in China. Through a partnership with Jiaxing Economic & Technological Development Zone (JXEDZ), Beyond Meat will develop two facilities, with full-scale production expected to begin in early 2021. Beyond Meat stock is up 5.3% in Tuesday trading, and has rallied more than 75% for the year to date. The S&P 500 index is up about 4% for 2020 so far.
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