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Tesla secures $1.29 billion loan from Chinese banks for Shanghai factory via SABCNewsOnline

The electric car maker said it has also signed agreements for an unsecured revolving loan facility of up to 2.25 billion yuan, adding that both the loans will be used for its Shanghai car plant.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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Why can't we lobby Elon mask to open one here in mzansi so that we not left behind and get infrastructure for electric vehicles in place. Surely he might be willing to help since he is born bred here.

Elon 🙌😁👌. Greenness....

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