Chinese lend Tesla $1.29bn for Shanghai factory
Loan can also be used to repay debt due in March 2020
27 December 2019 - 07:46
Bengaluru — Tesla has entered into agreements with lenders in China for a secured term loan facility of up to 9-billion yuan, or $1.29bn, according to a regulatory filing on Thursday.
The electric-car maker said it has also signed agreements for an unsecured revolving loan (https://bit.ly/2tU35dI) of up to 2.25-billion yuan, adding that both the loans will be used for its Shanghai car plant...
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