Tesla gets Chinese financing to build Shanghai factory

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9 billion yuan loan may also be used to repay 3.5 bil yuan debt due on March 4 next year. FMTNews Tesla ShanghaiFactory

SAN FRANCISCO: Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan, according to a regulatory filing on Thursday.

China Construction Bank Corp, Agricultural Bank of China, Shanghai Pudong Development Bank and Industrial and Commercial Bank of China are the lenders, according to the filing.

 

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Tesla secures US$1.29b loan from Chinese banks for Shanghai factory | Malay MailSHANGHAI, Dec 27 — Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan (US$1.29 billion), according to a regulatory filing yesterday. The electric car maker said it has also signed agreements for an unsecured revolving loan facility of... oh no. i forgot about the tradeoff they made when they chose to enter the chinese market. zero privacy for the chinese, and americans (who are mostly white) will get full privacy protection, and those sjw folks will scream racism
Source: malaymail - 🏆 1. / 86 Read more »

Tesla secures US$1.29b loan from Chinese banks for Shanghai factory | Malay MailSHANGHAI, Dec 27 — Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan (US$1.29 billion), according to a regulatory filing yesterday. The electric car maker said it has also signed agreements for an unsecured revolving loan facility of... oh no. i forgot about the tradeoff they made when they chose to enter the chinese market. zero privacy for the chinese, and americans (who are mostly white) will get full privacy protection, and those sjw folks will scream racism
Source: malaymail - 🏆 1. / 86 Read more »