Motorgen - Automotive Events, Meets, Cruises and Forums - Tesla will take $1.4 billion loan from Chinese banks for Shanghai factory

BEIJING/SHANGHAI (Reuters) - U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker's Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial and Commercial Bank of China (ICBC) and Shanghai Pudong Development Bank (SPDB) are among the banks which havContinue reading Tesla will take $1.4 billion loan from Chinese banks for Shanghai factory
Tesla will take $1.4 billion loan from Chinese banks for Shanghai factory originally appeared on Autoblog on Mon, 23 Dec 2019 08:53:00 EST. Please see our terms for use of feeds.

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